06/03/2026 | Press release | Distributed by Public on 06/03/2026 14:01
Item 1.01. Entry into a Material Definitive Agreement.
On May 28, 2026, the Chain Bridge I (the "Company") entered into Amendment No. 1 (the "Amendment No. 1") to the unsecured, non-interest bearing promissory note in the aggregate amount of $1,250,000 (the "Senior Note"), originally issued on September 30, 2025, held by C/M Capital Master Fund LP (the "Existing Lender"). Pursuant to Amendment No. 1, among other things, (i) the maturity date of the Senior Note was extended from June 30, 2026 to November 15, 2026 and (ii) the event of default for failure to establish and authorize a certificate of designation for a new series of preferred shares of the Company on or before November 15, 2025 was removed.
The foregoing description of the Existing Note and the Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No.1, which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On May 28, 2026, the Company issued certain unsecured, non-interest bearing promissory notes (the "Notes") to certain investors (the "Lenders") in the aggregate principal amount of $312,500, for an aggregate purchase price of $250,000.
The Notes are due and payable in full on November 15, 2026 (the "Maturity Date"). The Notes may be prepaid at any time without penalty. All payments due under the Notes rank junior to Permitted Senior Indebtedness (as defined in the Notes), pari passu to Permitted Indebtedness (as defined in the Notes) and senior to all other indebtedness of the Company and its subsidiaries. The proceeds from the Notes will be used to pay for certain fees and expenses incurred in connection with the Company's initial business combination and for other general corporate purposes.
The Notes include customary representations, warranties, covenants and events of default (each, an "Event of Default"), including, among others, (i) certain events of bankruptcy, insolvency or reorganization and (ii) breach of certain representations, warranties, covenants or other terms of the Notes that remains uncured for five (5) business days. The Lenders have the right to exchange all or any portion of the Notes for a new series of preferred shares of the Company on terms mutually agreed upon by the Company and the Lenders.
The foregoing description of the Notes is not complete and is qualified in its entirety by reference to the full text of the Notes, the form of which is filed as Exhibit 4.2 to this Current Report on Form 8-K and is incorporated herein by reference.