SCHEDULE 13G: Quarry LP and Peter Bremberg Disclose 8.3% Stake in Chain Bridge I

Investment manager Quarry LP and Peter Bremberg have jointly disclosed a beneficial ownership of 8.3% of Chain Bridge I's Class A ordinary shares as of December 31, 2024.

Summary

• Quarry LP and Peter Bremberg, collectively referred to as the "Reporting Persons," have filed a Schedule 13G with the SEC.
• The filing indicates beneficial ownership of 249,072 Class A ordinary shares of Chain Bridge I, par value $0.0001 per share.
• This ownership represents 8.3% of the total Class A ordinary shares outstanding.
• The shares are held by TQ Master Fund LP, for which Quarry LP acts as the investment manager.
• Peter Bremberg is identified as the managing member of The Quarry LLC, which is the general partner of Quarry LP.
• The Reporting Persons certify that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Chain Bridge I.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant beneficial ownership stake by an institutional investor, indicating confidence in the company without suggesting an intent to influence control.

Positives

• A significant institutional investor, Quarry LP, holds a substantial stake (8.3%) in Chain Bridge I, potentially signaling confidence in the company.
• The filing confirms that the shares were acquired and are held in the ordinary course of business, indicating a passive investment rather than an activist intent to control the issuer.

Risks

• No specific risks related to Chain Bridge I's operations or financial health are disclosed in this ownership filing. The only inherent risk is the general market risk associated with holding shares.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing indicates a significant passive investment by an institutional fund in Chain Bridge I. Such disclosures are routine for publicly traded companies when an entity crosses a 5% beneficial ownership threshold, providing transparency to the market about major shareholders.

Related Party Transactions

• The filing identifies Quarry LP as the investment manager to TQ Master Fund LP, which directly holds the shares, and Peter Bremberg as the managing member of The Quarry LLC, the general partner of Quarry LP. This outlines the relationship between the reporting persons and the fund holding the shares.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional shareholder, potentially increasing market confidence due to institutional interest.
• Management: Indicates a substantial passive investor, which generally means less immediate pressure for strategic changes compared to an activist investor.

Next Steps

• No specific future actions or milestones for Chain Bridge I are mentioned in this filing. The reporting persons will file amendments if their ownership percentage changes significantly.

Key Dates

Keywords

Chain Bridge I, Quarry LP, Peter Bremberg, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, SEC Filing, Institutional Investment, Passive Investment