Chain Bridge Bancorp Launches 1.85M Share IPO at $24-26/Oct Via Investing.com

Chain Bancorp Bridge (NASDAQ:), Inc. (CBNA), the bank holding for Chain Bridge Bank, National Associationtoday announced the launch of the initial public offering of 1,850,000 shares of its Class A common stock. The chain bridge expects to grant the underwriters a 30-day option to purchase up to an additional 277,500 shares of its Class A common stock at the public offering price, less underwriting discounts. The initial public offering price is currently expected to be between $24.00 and $26.00 per share of Class A common stock. The chain bridge The Class A ordinary shares were approved for listing on New York Stock Exchange under the symbol “CBNA”, subject to official notice of issue.

Chain Bridge intends to use the net proceeds of the offering primarily for general corporate purposes (which may include supporting continued organic deposit growth and funding potential strategic expansion) and to repay 10 million dollars the outstanding principal balance on his unsecured line of credit.

Piper Sandler & Co., Raymond James & Associates, Inc.and Hovde Group, LLC act as book managers for the offering. Copies of the preliminary prospectus relating to the offering may be obtained from:

Piper Sandler & Co.Prospect Department Phone: (800) 747-3924
E-mail: [email protected]

Raymond James & Associates, Inc.Union Phone: (800) 248-8863
E-mail: [email protected]

Hovde Group, LLCUnion Phone: (866) 971-0961
E-mail: [email protected]

A registration statement on Form S-1 relating to these securities was filed at Securities and Exchange Commission (“dry“), but has not yet entered into force. These securities may not be sold, nor may offers to purchase be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would previously be unlawful. upon registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy or any sale of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.