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Chain Bridge I (OTC: CBRRF) and CommLoan have signed a non-binding Letter of Intent (LOI) to merge and create a new public company. The proposed business combination would result in CommLoan becoming a publicly traded entity on the Nasdaq Capital Market, with a pre-money equity valuation of $50 million.
The combined company will be named CommLoan Inc. and led by CommLoan's founder and CEO Mitch Ginsberg. CommLoan operates a commercial mortgage lending marketplace with over 900 banking and financial partners. The transaction is expected to close in first half of 2026, subject to shareholder approvals and other customary conditions.
