Chain Bridge I (NASDAQ:CBRG) announced this morning that it has signed a letter of intent (LOI) to combine with an unnamed target company.
Shareholders will have this to consider as they vote at a May 5 special meeting to extend the SPAC’s transaction deadline from May 15 to November 15. But, Chain Bridge I has not given them much more to chew on.
It aimed to combine with an innovative technology company with US government contracts when it IPO’d in November 2021, but has given no details about this potential target’s sector or business.
Chain Bridge I has also not yet pledged a contribution to its trust in connection with this extension and has stated its pro rata trust value current sits at about $10.44. The SPAC’s shares last closed at $10.46. This morning’s filing also clarified that the record date for the vote is to be April 4.
EGH Acquisition Corp. (NASDAQ:EGHAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EGHAU”, Friday, May 8, 2025. The new SPAC aims to combine with a target company in the energy transition or sustainability arena that help industries achieve efficiencies and decarbonization....
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At the SPAC of Dawn Futures are green ahead of the Fed Chair Jerome Powell’s highly anticipated press conference at 2:30 pm ET today following two days of Federal Reserve meetings. Several other Fed members are expected to speak on Friday, but any news on rate changes is likely to come out of today’s speech,...