CHAIN BRIDGE I | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD -0.22.

EBIT: As of FY2025, the actual value is USD -1.074 M.

Segment Revenue

The Company, Chain Bridge I, is a blank check company that has not generated any operating revenues to date and does not expect to until it completes its initial business combination .

Operational Performance

Net Loss

• For the year ended December 31, 2025: - $1,300,000 .
• For the year ended December 31, 2024: - $1,400,000 .

Loss from Operations

• For the year ended December 31, 2025: - $956,080 .
• For the year ended December 31, 2024: - $2,182,923 .

General and Administrative Expenses

• For the year ended December 31, 2025: $836,080 .
• For the year ended December 31, 2024: $2,062,923 .

General and Administrative Expenses - Related Party

• For the year ended December 31, 2025: $120,000 .
• For the year ended December 31, 2024: $120,000 .

Change in Fair Value of Derivative Liabilities

• For the year ended December 31, 2025: - $469,670 .
• For the year ended December 31, 2024: $24,260 .

Change in Fair Value of Contingently Issuable Private Placement Warrants

• For the year ended December 31, 2025: - $24,495 .
• For the year ended December 31, 2024: $1,265 .

Interest Expense - Debt Issuance Cost

• For the year ended December 31, 2025: - $78,066 .
• For the year ended December 31, 2024: $0 .

Income from Investments Held in Trust Account

• For the year ended December 31, 2025: $195,590 .
• For the year ended December 31, 2024: $733,829 .

Cash Flow

Net Cash Used in Operating Activities

• For the year ended December 31, 2025: - $763,581 .
• For the year ended December 31, 2024: - $925,535 .

Net Cash Provided by Investing Activities

• For the year ended December 31, 2025: $4,714,427 .
• For the year ended December 31, 2024: $40,805,003 .

Net Cash Used in Financing Activities

• For the year ended December 31, 2025: - $3,690,189 .
• For the year ended December 31, 2024: - $39,753,768 .

Net Change in Cash

• For the year ended December 31, 2025: $260,657 .
• For the year ended December 31, 2024: $125,700 .

Liquidity and Financial Position

Cash on Hand

• As of December 31, 2025: $390,255 .
• As of December 31, 2024: $129,598 .

Working Capital Deficit

• As of December 31, 2025: - $808,537 .

Investments Held in Trust Account

• As of December 31, 2025: $766,224 .
• As of December 31, 2024: $5,285,060 .

Outstanding Notes (as of December 31, 2025)

• Exchange Note – related party: $368,680 .
• Bridge Financing Note: $1,023,235 .
• Senior Note, net: $1,078,066 .

Class A Ordinary Shares Subject to Possible Redemption

• As of December 31, 2025: 62,590 shares at approximately $12.242 per share, totaling $766,224 .
• As of December 31, 2024: 455,736 shares at approximately $11.377 per share, totaling $5,185,060 .

Outlook/Guidance

The Company must consummate an initial Business Combination by November 15, 2026, or it will cease operations, redeem public shares, and liquidate . This liquidity condition and mandatory liquidation date raise substantial doubt about its ability to continue as a going concern . The Company aims to comply with SEC safe harbor criteria for SPACs, requiring a business combination to be identified within 18 months and completed within 24 months of its IPO to avoid being deemed an unregistered investment company .