Newbridge Acquisition Ltd 8-K

What Happened

• Newbridge Acquisition Ltd (NBRG) announced it consummated its initial public offering (IPO) on February 2, 2026. The IPO sold 5,750,000 units at $10.00 each, including 750,000 units from the underwriters’ over-allotment option, generating $57,500,000 in gross proceeds.
• Simultaneously, the company completed a private placement with Wealth Path Holdings Limited of 186,250 units at $10.00 per unit, raising $1,862,500. As of February 2, 2026, $57,500,000 of the net proceeds was deposited into a trust account for the benefit of public shareholders. An audited balance sheet as of that date is included as Exhibit 99.1 to the filing.

Key Details

• IPO units sold: 5,750,000 units (includes 750,000 over-allotment units).
• IPO price: $10.00 per unit; IPO gross proceeds: $57,500,000.
• Private placement: 186,250 units to Wealth Path Holdings Limited at $10.00 per unit; proceeds $1,862,500.
• Unit structure: each Unit = 1 Class A ordinary share + 1 Right (each Right = 1/8 of a Class A share upon an initial business combination).
• Trust deposit: $57,500,000 of net proceeds held in a trust account as of Feb 2, 2026.
• Financial filing: audited balance sheet as of Feb 2, 2026 included as Exhibit 99.1.

Why It Matters

• The IPO and private placement provide the company with cash resources to pursue an initial business combination. The placement of $57.5M in a trust account is typical for SPAC-style transactions and offers protection for public shareholders by segregating most proceeds until a business combination is completed. The audited balance sheet gives investors a confirmed snapshot of the company’s cash position at closing.