Streetbeat News

CBRG

Chain Bridge I

https://www.chainbg.com

Industry

Shell Companies

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests. The company was incorporated in 2021 and is based in Burlingame, California.

Open

11.51

Mkt cap

78M

Volume

1.9K

High

11.51

P/E Ratio

383.00

52-wk high

12.69

Low

11.48

Div yield

N/A

52-wk low

10.79

Chain Bridge I (NASDAQ:CBRG) announced the acquisition of Phytanix Bio, a cannabinoid medicines innovator, for $58 million. The new entity, Phytanix Inc., will be listed on Nasdaq under the ticker 'PHYX'. The merger aims to advance therapeutic solutions for conditions with significant unmet medical needs.

Portfolio Pulse from Patricio Liddle

July 24, 2024 | 3:07 am

Phytanix Bio and SPAC Company Chain Bridge I have entered a definitive business combination agreement. The combined company will be named Phytanix Inc. and is expected to be listed on Nasdaq under the ticker symbol 'PHYX' by Q4 2024. The transaction values Phytanix Bio at $58 million, with additional assumptions of $17 million in preferred stock and $4.4 million in short-term debt.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 9:48 pm

Corebridge Financial, Inc. (NYSE:CRBG) has renamed its direct-to-consumer life insurance business from AIG Direct to Corebridge Direct. Customers can now visit corebridgedirect.com or call 800-294-4544 for quotes and coverage evaluations.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 12:05 pm

Corebridge Financial's ticker symbol is correctly identified as CRBG.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:57 pm

Corebridge Financial shares are trading higher after AIG reached a deal to sell shares of its stock in the company to Nippon Life Insurance.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:56 pm

Roger Lazarus, the CFO of Chain Bridge I, has resigned effective immediately, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:05 pm

Chain Bridge I (NASDAQ:CBRGU, CBRG, CBRGW) has announced that it will redeem all of its outstanding Class A ordinary shares at a per-share price of approximately $10.80, effective as of the close of business on November 15, 2023. The decision comes as the company will not be able to consummate an initial business combination within the required time period. The company will cease all operations, except those required to wind up the business, and expects that the Nasdaq Stock Market will file a Form 25 with the U.S. Securities and Exchange Commission to delist its securities.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:01 pm

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