Chain Bridge Bancorp Inc filed a Form S-1 registration statement for an initial public offering on 2024-09-13. It has amended it 1 time. It filed its final prospectus on 2024-10-07. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have been approved to list our Class A common stock on The New York Stock Exchange (the NYSE) under the symbol CBNA.From the 424B4 filed 2024-10-07
Shares offered
This is the initial public offering of shares of Class A common stock, par value $0.01 per share, of Chain Bridge Bancorp, Inc. We are offering 1,850,000 shares of our Class A common stock.From the 424B4 filed 2024-10-07
Price range
It is currently estimated that the initial public offering price per share of our Class A common stock will be between $24.00 and $26.00 per share.From the S-1/A filed 2024-09-30
Use of proceeds
We intend to use the net proceeds from this offering (a) for general corporate purposes, which may include supporting continued organic deposit growth and funding potential strategic expansion, and (b) to repay the $10.0 million outstanding principal balance on our unsecured line of credit.From the 424B4 filed 2024-10-07
Revenue
Our Trust & Wealth Department generated revenues of approximately $426 thousand for the six months ended June 30, 2024 and $565 thousand for the year ended December 31, 2023, but has not achieved standaloneFrom the S-1/A filed 2024-09-30
Net loss or income
This growth was primarily driven by our $9.7 million in net income for the six months ended June 30, 2024, all of which was retained on our balance sheet as retained earnings.From the S-1/A filed 2024-09-30
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-09-13 | Registration statement filed | S-1 |
| 2024-09-30 | Registration statement amended | S-1/A |
| 2024-10-07 | Final prospectus filed: the offering is priced | 424B4 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.