Chain Bridge I to merge with CommLoan

SPAC Chain Bridge I is in talks to merge with CommLoan, a commercial real estate lending technology company, valuing CommLoan at $50 million before accounting for outstanding debts and preferred stock.

As per a non-binding letter of intent, current CommLoan equity holders will transfer 100% of their equity into the new publicly traded entity post-merger.

Mitch Ginsberg, CEO of CommLoan, will lead the newly formed company, which will operate under the name CommLoan and be listed on the Nasdaq Capital Market once the merger is complete.

A definitive agreement is expected to be executed later in the fourth quarter, with projected completion of the merger anticipated in the first half of 2026.

Recommendation Rating: Strong Business Combination Potential

SPAC Chain Bridge I (OTC: CBRRF) is in discussions with CommLoan, a company specializing in commercial real estate lending technology, about a prospective business merger.

This proposed merger values the company at a pre-money equity assessment of $50 million, in addition to the assumption of outstanding notes and convertible preferred stock.

Under the terms outlined in a non-binding letter of intent, current equity holders of CommLoan are anticipated to transfer 100% of their equity into the new publicly traded entity.

Once the merger is finalized, the entity will operate under the name CommLoan.

Mitch Ginsberg, the CEO of CommLoan, is slated to oversee the newly formed company.

The shares of the combined company will be listed on the Nasdaq Capital Market.

Further information regarding the proposed merger will be forthcoming upon the execution of a definitive agreement, which is expected to occur later in the fourth quarter.

The completion of this transaction is projected for the first half of 2026.