Quarterly ResultMay 15, 2026, 04:10 PM
Chain Bridge I Q1 Net Loss $(436,659); Nasdaq Delisting Continues
AI Summary
Chain Bridge I, a blank check company, reported a net loss of $(436,659) for Q1 2026, an increase from $(363,640) in Q1 2025. The company's cash balance significantly decreased to $136,637 from $390,255 at the end of 2025. The company continues to face challenges, including its delisting from Nasdaq in April 2025 and ongoing shareholder redemptions, which have reduced funds in the Trust Account and pose a material adverse impact on its ability to complete a business combination.
Key Highlights
- Net loss for Q1 2026 increased to $(436,659) from $(363,640) in Q1 2025.
- Cash balance decreased to $136,637 as of March 31, 2026, from $390,255 as of December 31, 2025.
- Total assets declined to $941,330 from $1,183,329 over the same period.
- Total liabilities increased to $4,475,370 from $4,282,588.
- Shareholders' deficit widened to $(4,308,888) from $(3,865,483).
- Nasdaq completed the delisting of the company's securities on April 11, 2025.
- Shareholders redeemed 550,947 Class A shares for approximately $6.34 million in November 2024.
- Company's operations extended to November 15, 2025, to complete a business combination.
Price Impact
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