SCHEDULE 13G: Sandia Investment Management LP and Timothy J. Sichler Disclose 8.3% Stake in Chain Bridge I

Sandia Investment Management LP and Timothy J. Sichler have reported a beneficial ownership of 8.3% of Chain Bridge I's Class A Ordinary Shares as of December 31, 2024, through a Schedule 13G filing.

Summary

• Sandia Investment Management L.P. and Timothy J. Sichler are the reporting persons in this Schedule 13G filing.
• The filing pertains to Class A Ordinary Shares of Chain Bridge I, with CUSIP Number G2061X102.
• As of December 31, 2024, the reporting persons beneficially own an aggregate of 249,072 shares.
• This ownership represents 8.3% of the Class A Ordinary Shares outstanding.
• Both reporting persons hold shared voting power and shared dispositive power over all 249,072 shares.
• Sandia Investment Management L.P. acts as an investment manager for a private investment vehicle and separately managed accounts.
• Timothy J. Sichler, as Managing Member of the general partner of Sandia, is deemed to indirectly beneficially own these securities.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Chain Bridge I.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a routine disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects, but rather the reporting entity's investment position. It indicates a passive investment.

Positives

• The disclosure of a significant stake (8.3%) by an institutional investment manager like Sandia Investment Management L.P. and its principal can be viewed as a vote of confidence in Chain Bridge I.

Future Outlook

The Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or the reporting persons' future investment intentions beyond the certification that the shares are held in the ordinary course of business.

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 is a standard regulatory disclosure required when an institutional investor acquires beneficial ownership of more than 5% of a company's voting class of securities, indicating a passive investment position. It reflects routine portfolio management activity within the investment management industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a passive investment stance by Sandia Investment Management L.P. and Timothy J. Sichler.

Key Dates

Keywords

Chain Bridge I, Sandia Investment Management, Timothy J. Sichler, Schedule 13G, beneficial ownership, Class A Ordinary Shares, institutional ownership, SEC filing