10/29/2024 | Press release | Distributed by Public on 10/29/2024 14:56
Item 1.01 | Entry Into A Material Definitive Agreement. |
On October 29, 2024, Chain Bridge I (the "Company") and Fulton AC I LLC (the "CBRG Sponsor") entered into an agreement (the "Dissolution Expense Reimbursement Agreement") pursuant to which the CBRG Sponsor agreed to reimburse the Company's trust account up to $100,000 to pay dissolution expenses if and when the Company is dissolved. The amount of such reimbursements will be included in the amount distributable holders of Class A Ordinary Shares of the Company entitled to participate the liquidation of the trust.
The Dissolution Expense Reimbursement Agreement is filed with this Current Report as Exhibit 10.1 and is incorporated herein by reference, and the foregoing description of the Dissolution Expense Reimbursement Agreement is qualified in its entirety by reference thereto.