---
title: "CHAIN BRIDGE I | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286607496.md"
datetime: "2026-05-15T20:09:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286607496.md)
  - [en](https://longbridge.com/en/news/286607496.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286607496.md)
generator: "portal-rs"
---

# CHAIN BRIDGE I | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD -0.08.

EBIT: As of FY2026 Q1, the actual value is USD -176.45 K.

CHAIN BRIDGE I operates as a single segment, focusing on its core business of identifying and consummating a Business Combination. 

#### Operational Metrics

-   **Net Loss:** The company reported a net loss of - $437,000 for the three months ended March 31, 2026, compared to - $364,000 for the three months ended March 31, 2025.
-   **Loss from Operations:** Loss from operations was - $252,039 for the three months ended March 31, 2026, an increase from - $221,850 for the same period in 2025.
-   **General and Administrative Expenses:** General and administrative expenses increased to $222,039 for the three months ended March 31, 2026, from $191,850 in the prior year period, while related party general and administrative expenses remained constant at $30,000 for both periods.
-   **Change in Fair Value of Derivative Liabilities:** The company incurred a loss from the change in fair value of derivative liabilities of - $103,630 for the three months ended March 31, 2026, which was less than the - $187,430 loss for the same period in 2025.
-   **Change in Fair Value of Contingently Issuable Private Placement Warrants:** A loss of - $5,405 was recorded for the three months ended March 31, 2026, compared to a loss of - $9,775 in the prior year period.
-   **Interest Expense - Debt Issuance Cost:** Interest expense related to debt issuance cost was - $82,331 for the three months ended March 31, 2026, with no comparable expense in 2025.
-   **Income from Investments held in Trust Account:** Income decreased significantly to $6,746 for the three months ended March 31, 2026, from $55,415 for the three months ended March 31, 2025.

#### Cash Flow

-   **Net Cash Used in Operating Activities:** Net cash used in operating activities increased to - $253,618 for the three months ended March 31, 2026, from - $72,033 for the same period in 2025.
-   **Cash at End of Period:** Cash on hand at the end of the period was $136,637 as of March 31, 2026, compared to $17,565 as of March 31, 2025.

#### Liquidity and Outlook

As of March 31, 2026, CHAIN BRIDGE I reported a working capital deficit of - $1,060,576, with a deadline of November 15, 2026, to complete an initial Business Combination or face liquidation, raising substantial doubt about its ability to continue as a going concern. The company, despite a previous termination, plans to consummate a business combination with Phytanix Bio and list on Nasdaq Capital Markets upon completion. To ensure compliance, CHAIN BRIDGE I has switched Trust Account funds to cash to mitigate risks related to the Investment Company Act.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**