Royce & Associates reports 8.92% Chain Bridge (CBNA) stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Royce & Associates has filed an amended Schedule 13G reporting beneficial ownership of 278,136 shares of Chain Bridge Bancorp Inc Class A common stock, representing 8.92% of the class. Royce & Associates has sole voting and dispositive power over all of these shares.
The securities are held in investment accounts of clients of Royce & Associates, an indirect majority-owned subsidiary of Franklin Resources, Inc. The firm states the holdings are in the ordinary course of business and not for changing or influencing control, and it disclaims pecuniary and group ownership with related Franklin entities and principal shareholders.
Positive
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FAQ
What percentage of Chain Bridge Bancorp (CBNA) does Royce & Associates report owning?
Royce & Associates reports beneficial ownership of 8.92% of Chain Bridge Bancorp’s Class A common stock. This stake reflects 278,136 shares over which it has sole voting and dispositive power, held for its investment management clients in the ordinary course of business.
Is Royce & Associates seeking to influence control of Chain Bridge Bancorp (CBNA)?
Royce & Associates states the securities were acquired and are held in the ordinary course of business, not for changing or influencing control of Chain Bridge Bancorp. The filing confirms the holdings are not in connection with any transaction intended to affect control of the issuer.
Does Royce & Associates consider itself part of a group for Chain Bridge Bancorp (CBNA) ownership?
Royce & Associates states it does not believe it is a “group” with Franklin Resources affiliates or principal shareholders regarding these securities. It indicates none of these parties is required to attribute beneficial ownership of one another’s Chain Bridge Bancorp holdings under Section 13 rules.