Chain Bridge I vinde miza sponsorului către Fulton AC I | SPAC Feed

Chain Bridge I vinde miza sponsorului către Fulton AC I | SPAC Feed

Nodul sursă: 3048984

chain bridge i in a regulatory filing said it signed a securities purchasse agreement with Fulton AC I to take over management. Fulton AC I bought 3,035,000 Class B shares and mandate to purchase 7,385,000 Class A shares exercisable 30 days after the SPAC completes a business combination.

Initially backed by the CIA’s venture capital arm, In-Q-Tel, Chain Bridge I last month announced the sale of the sponsor economics, but did not name the buyer at the time.

Fulton AC also agreed to loan the SPAC up to $1.5 million through an unsecured non-interest bearing convertible promissory note.

The SPAC terminated a forward purchase agreement with Franklin Strategic Series – Franklin Growth Opportunities.

SPAC a strâns 200 de milioane de dolari în noiembrie 2021 IPO.

Redemptions on an extension vote in May 2023 virtually wiped out the cash in trust. Află mai multe.


Sursa: Chain Bridge I Sells Sponsor Stake to Fulton AC I

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