NBRG SEC filings, in plain English
Everything Newbridge Acquisition has filed with the SEC that we hold — 40 filings, newest first, 36 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
What changed: Amendment to Schedule 13G (beneficial ownership report). The excerpt identifies CVI Investments, Inc. and Heights Capital Management, Inc. as reporting entities submitting an amended beneficial ownership statement. The provided text contains no share quantities, percentage thresholds, acquisition or disposition dates, or comparative data from prior filings, meaning no measurable change in position or filing category can be extracted from this snippet. Why it matters: This submission does not bear on the mechanics of the 2027-05-02 redemption deadline, the stated trust/share valuation, extension approvals, target acquisition status, or sponsor conduct. Institutional 13G/A filings routinely serve clerical purposes: correcting fund identifiers, adjusting categorical markings, reflecting internal portfolio reallocations, or updating relationships when holdings remain static below reporting triggers. The document makes zero claims regarding customers, revenue, market size, corporate strategy, proprietary technology, partnership arrangements, active litigation, or executive personnel. Because it discloses no numerical movement, contractual commitments, or sponsor affiliation declarations, it provides no signal on redemption pressure, trust liquidity preservation, or conversion ratio adjustments for NBRG public shareholders.
What changed: Limited Powers of Attorney (Exhibit A and Exhibit B) attached to a Schedule 13G filing, authorizing designated Mizuho executives to sign, amend, and timely file Form 13G with the U.S. Securities and Exchange Commission on behalf of Mizuho Financial Group, Inc., Mizuho Bank, Ltd., Mizuho Americas LLC, and Mizuho Securities USA LLC. The filing reports no adjustments to redemption mechanics, trust account status, merger execution timelines, or sponsor conduct. According to the executed instruments, Shuji Matsuura (Senior Managing Corporate Executive, Head of Global Corporate & Investment Banking at Mizuho Financial Group, Inc.; Managing Executive Officer, Head of Global Corporate & Investment Banking Division at Mizuho Bank, Ltd.), Adam Hopkins (Chief Legal Officer and Managing Director, General Counsel at Mizuho Americas LLC and Mizuho Securities USA LLC), and Takahiro Katsura (Managing Director, Head of Global Branches & Subsidiaries Coordination Office at Mizuho Financial Group, Inc.) mutually authorized Katsura to act as agent for all Section 13(d) and Section 13(g) filing obligations. Each authority letter explicitly states in its third enumerated clause that attorneys-in-fact assume no responsibility or liability for failure to comply with Section 13. The text identifies subsidiary principals and office locations at 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan, and 1271 Avenue of the Americas, NY, NY 10020, USA. Why it matters: This exhibit confirms that Mizuho-affiliated broker-dealers and banking institutions maintained reportable equity interests in NBRG sufficient to trigger periodic 13G disclosures as of 8-13-2026. Because the filing contains only administrative execution authority, standard statutory language, and corporate directory data, it provides no information regarding target company strategy, customer contracts, revenue projections, market size, technology development, partnership agreements, litigation exposure, or changes to shareholder liquidity options. Investors must consult the primary Schedule 13G body or definitive merger proxy materials to evaluate redemption windows, trust account sufficiency, extension voting timelines, or management conduct.
What changed: Schedule 13G/A amendment filing containing only an updated Power of Attorney designating authorized signatories for The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC to execute Rule 13f-1 and Regulation 13D-G reports. The exhibit supersedes a Power of Attorney dated July 16, 2025, extends validity until July 2, 2027, and removes Mariana Audeves Martinez and Asheesh Bajaj from the roster of appointed attorneys-in-fact while retaining the original seventeen. Because the provided text omits the principal Schedule 13G/A data pages, no adjustments to reported share quantities, percentage ownership, or stated investment purpose can be verified. The document does not contain any amendments affecting the SPAC’s trust account, redemption timeline, merger execution, or sponsor governance. Why it matters: Investors tracking redemption calendars, trust valuations, extension procedures, deal advancement, or sponsor conduct will find no actionable impact. The filing consists exclusively of internal corporate delegation language governed by New York law, declared by Scott Kilpatrick in the capacity of Attorney-in-Fact on July 8, 2026, and by Carey Ziegler as Managing Director on July 2, 2026. It introduces no commercial claims, customer relationships, revenue figures, market sizing, technology disclosures, partnership agreements, litigation assertions, or executive changes relevant to Newbridge Acquisition or its pending combination.
What changed: Quarterly report (Form 10-Q) for the period ended June 30, 2026. The Company entered into a Business Combination Agreement with Startech Group Inc. on August 3, 2026, after the quarter end. The SPAC completed its IPO in February 2026, making this its first quarterly report as a public entity. Trust per-share value stands at $9.29, the sponsor has borrowed $2.2 million, and the Company reports a working capital deficit and going concern doubt. Why it matters: The deal with Startech at a $1.0 billion enterprise value is the primary catalyst; investors should assess the target's prospects and the implied dilution. The trust value per share below $10.00 may influence redemption decisions. The Company's liquidity position and going concern warning underscore execution risk for the business combination.
What changed vs 2026-05-11trust $57.8M → $58.3M +1%sponsor loan $2.3M → $2.2Mtrust account, sponsor loans outstanding, redeemable shares +12 moved · 2 with no prior record of ours
- Trust account
- $57.8M$58.3M
- Sponsor loans outstanding
- $2.3M$2.2M
- Redeemable shares
- not previously extracted5.75M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $479,008 was added to the trust between the two filings.
The clause …“Securities Held in Trust As of June 30, 2026, the Company had aggregated $ 58,285,569 in cash held in the Trust Account with Equinity Trust Company, LLC. Deferred Offering Costs The Company complies with the requirements of the ASC”…
SpacBrain reads this as $138,766 of sponsor debt has come off.
The clause …“Business Combination with interest-free. As of June 30, 2026, the Company had borrowed $ 2,208,521 under the promissory note. Working Capital Loans In addition, in order to finance transaction costs in connection with an intended”…
The clause “2025, and 358,750 shares issued and outstanding as of June 30, 2026 (excluding 5,750,000 shares subject to possible redemption) - - Class B ordinary shares, no par value, 10,000,000 authorized shares, 1,437,500 and 1,437,500 shares”…
The clause “4- 15 , Disclosures of Uncertainties about an Entity s Ability to Continue as a Going Concern, management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, raises”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Business Combination Agreement (definitive merger agreement) between Newbridge Acquisition Limited (SPAC) and Startech Group Inc., filed as an 8-K. NBRG entered into a definitive Business Combination Agreement to acquire Startech, a U.S.-based AI technology company with fintech-enablement capabilities operating two segments: aquaporin functional water (AQP Water) and StarOS AI platform. The transaction values Startech at $1,000,000,000 (100 million shares at $10.00 per share). NBRG will domesticate from BVI to Delaware and rename to Startech Inc. Sponsor and key Startech stockholders entered into support agreements. The transaction is subject to shareholder approvals, SEC registration, Nasdaq listing, and other customary conditions with an outside date of November 2, 2027. Why it matters: This filing provides the definitive terms of the business combination, including valuation, consideration structure, governance, and conditions. Investors should note the $1 billion valuation, the $10.00 per-share reference price, the lock-up provisions, and the extended outside date. Trust value per share is $9.29, which is below the $10.00 per-share merger consideration, implying potential dilution or need for additional financing. The deal includes a PIPE of at least $5 million. The filing also cements sponsor and insider support, reducing the risk of deal failure from lack of shareholder approval.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2027-11-02
SpacBrain reads this as the agreement may be terminated from 2027-11-02.
The clause …“either NBRG or the Company if (1) the Closing has not occurred on or before November 2, 2027 (the “ Outside Date ”) and (2) the material breach or violation of any representation, warranty or covenant under the Business Combination”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 8-K filed as a Rule 425 written communication announcing the execution of a definitive Business Combination Agreement between SPAC Newbridge Acquisition Limited and Startech Group Inc. Newbridge Acquisition (NBRG) entered into a Business Combination Agreement to acquire Startech Group Inc., a U.S.-based AI technology company with fintech-enablement capabilities, operating through two segments: aquaporin functional water (AQP Water) and the StarOS AI agent operating system platform. The SPAC will re-domicile from the British Virgin Islands to Delaware, then merge with Startech. Startech equityholders will receive 100 million shares of the combined company at an implied $10.00 per share ($1 billion aggregate consideration). The sponsor, Wealth Path Holdings, has committed via a Support Agreement to vote in favor and not redeem its shares. The closing is subject to shareholder approvals, SEC effectiveness of an S-4, Nasdaq listing, and other customary conditions, with an outside date of November 2, 2027. The trust per share is $9.29 as of the filing, and the SPAC has a deadline of May 2, 2027. Why it matters: This filing establishes the definitive terms for the SPAC merger, triggering redemption mechanics and setting the timeline for shareholder vote. The target combines a bottled water business with an AI platform, which may raise questions about revenue generation and valuation. The $1 billion enterprise value relative to trust value implies potential upside but also risk of high redemptions given the trust value near $9.29. The outside date of November 2027 provides buffer, but the SPAC's May 2027 deadline may require an extension if the deal slips. Sponsor lock-in supports vote passage.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2027-11-02 · unchanged
The clause …“either NBRG or the Company if (1) the Closing has not occurred on or before November 2, 2027 (the “ Outside Date ”) and (2) the material breach or violation of any representation, warranty or covenant under the Business Combination”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Schedule 13G beneficial ownership compliance exhibit filed under Securities Exchange Act rules, specifically reported by Highbridge Capital Management, LLC regarding Newbridge Acquisition (NBRG). This routine regulatory filing confirms that Highbridge Capital Management, LLC holds securities in NBRG. The submitted excerpt does not disclose the percentage of beneficial ownership, acquisition dates, cost basis, or transaction history. As reported by Highbridge Capital Management, LLC, there is no indication that the holder’s position alters the redemption deadline of 2027-05-02, the trust value per share of $9.29, any proposed extension, the status of a business combination, or sponsor conduct. Furthermore, according to the filing, the document contains no claims, metrics, or updates regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Why it matters: For investors monitoring SPAC capital structures and shareholder alignment, institutional ownership disclosures help gauge potential voting influence and redemption pressure. Because this Schedule 13G excerpt lacks ownership thresholds, amendment flags, or trading narratives, it does not currently signal active participation in deal negotiation or redemption strategy. Tracking whether Highbridge Capital Management, LLC files subsequent Schedule 13D amendments, proxy statements, or redemption notices before the 2027-05-02 deadline will determine if this position materially affects capital deployment, extension voting, or post-merger liquidity.
What changed: This document is a Schedule 13G beneficial ownership report that includes two identical Power of Attorney exhibits executed by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, appointing eighteen named individuals as attorneys-in-fact to submit Securities Exchange Act filings on behalf of the firm. Regarding redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, this filing introduces no alterations. Newbridge Acquisition’s trust per share remains fixed at $9.29, the business combination deadline stays set for 2027-05-02, the currently announced deal status is unchanged, and sponsor conduct is unaffected. The sole mechanical update is Goldman Sachs refreshing its internal roster of authorized signatories for future regulatory submissions, explicitly superseding prior powers of attorney dated July 29, 2024 and October 1, 2024. Why it matters: This purely administrative authorization carries zero impact on public shareholder voting, redemption pricing, or merger execution timelines. It contains no forward-looking statements, operational metrics, or strategic claims about customers, revenue, market size, technology, partnerships, litigation, or personnel beyond listing the eighteen appointed employees and confirming that Carey Ziegler, Managing Director, countersigned both grants on July 16, 2025. The instruments remain valid until July 16, 2026 or upon an employee’s separation, and they are governed by New York law. The filing simply confirms continued institutional position reporting without adjusting any economic or structural parameters of the SPAC vehicle.
What changed: Schedule 13G beneficial ownership report. Aristeia Capital, L.L.C. filed this Schedule 13G to disclose beneficial ownership. Bearing on the SPAC mechanics: the excerpt contains no reports altering the redemption deadline, no adjustments to the trust account, no indications of an extension vote, no updates on deal progress, and no signals regarding sponsor conduct. Regarding other substance: the document contains no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. All disclosed positioning derives from Aristeia Capital, L.L.C. Why it matters: This functions as a routine compliance exhibit tracking institutional stake registration. It introduces no mechanical triggers that would compress redemption windows, mandate extension funding, advance merger execution, or reflect sponsor conduct changes. Investors monitoring NBRG should treat it as standard regulatory housekeeping absent of material operational or financial disclosures.
What changed: Quarterly report on Form 10-Q for the period ended March 31, 2026, the first such report after the SPAC's IPO on February 2, 2026. Newbridge Acquisition completed its IPO of 5,750,000 units (including over-allotment) at $10.00 per unit, generating $57.5 million in gross proceeds. Simultaneously, the sponsor purchased 186,250 private units for $1.8625 million. The trust account holds $57,806,561 as of March 31, 2026. Net income was $95,982 for the quarter, compared to a net loss of $51,857 in the prior-year period. The company has a working capital deficit of $501,095 and an accumulated deficit of $524,140. Management discloses substantial doubt about going concern due to the mandatory liquidation requirement if no business combination is completed within the 15-month combination period (extendable to 21 months). Total liabilities are $2.347 million, consisting of a promissory note to the sponsor. No business combination target has been selected nor have substantive discussions been initiated. The company also provides details on extension note provisions allowing the sponsor to deposit $500,000–$575,000 per three-month extension. Why it matters: This filing establishes the post-IPO financial baseline, including trust value per share ($9.07 redemption value), cash burn, and sponsor loan amounts. It confirms the SPAC is in the early search phase with a May 2, 2027 ultimate deadline (assuming no extensions). The going concern qualification and working capital deficit signal potential liquidity risk if a deal is not consummated promptly. The extension mechanism and sponsor's loan commitments are key for evaluating sponsor alignment. Trust accretion and redemption mechanics are detailed, aiding redemption deadline tracking.
What changed vs 2025-11-14trust $57.5M → $57.8M +1%sponsor loan $800K → $2.3Mtrust account, sponsor loans outstanding, going-concern doubt2 moved · 1 with no prior record of ours
- Trust account
- $57.5M$57.8M
- Sponsor loans outstanding
- $800K$2.3M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $306,561 was added to the trust between the two filings.
The clause …“Securities Held in Trust As of March 31, 2026, the Company had aggregated $ 57,806,561 in cash held in the Trust Account with Equinity Trust Company, LLC. Deferred Offering Costs The Company complies with the requirements of the ASC”…
SpacBrain reads this as the sponsor has advanced $1,547,444 more.
The clause “Business Combination with interest-free. As of March 31, 2026, the Company had borrowed $ 2,347,287 under the promissory note. Working Capital Loans In addition, in order to finance transaction costs in connection with an intended”…
The clause “014-15, Disclosures of Uncertainties about an Entity s Ability to Continue as a Going Concern, management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, raises”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Schedule 13G beneficial ownership report. The filing text identifies four reporting persons—Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick—but discloses no percentage of shares beneficially owned, no transaction dates, no aggregate share counts, and no purchase prices. Because the text omits all quantitative holdings data, it provides zero information regarding redemption mechanics, the $9.29 trust/share, the 2027-05-02 deadline, extension voting procedures, target company progress, or sponsor conduct. The document also contains no attributable claims or factual assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Why it matters: For investors monitoring deadline exposure, trust sufficiency, or merger sequencing, this submission is procedurally routine and substantively opaque. Without disclosed ownership percentages or volume, it is impossible to determine whether these Wolverine-affiliated parties have crossed disclosure thresholds that would grant them meaningful voting leverage over an extension amendment, a business combination vote, or tender behavior ahead of the May 2027 window. The filing confirms regulatory awareness by these entities but offers no verifiable signal of capital commitment, governance stance, or alignment with sponsor timelines until a subsequent amendment supplies the missing numeric data.
What changed: 10-K annual report for fiscal year ended December 31, 2025, pre-IPO status with subsequent IPO in February 2026. Filing shows first full-year financials after formation; IPO closed after year-end; trust account of $57.5M established; sponsor loans of $5.4M; working capital deficit of $3.6M; going concern doubts raised. Why it matters: Confirms redemption deadline of 15 months from IPO (May 2027) with possible extensions; trust per share $10.00; discloses sponsor debt and liquidity risks; no business combination announced yet.
What changed: Form 8-K current report and accompanying press release filed by Newbridge Acquisition Limited announcing the separation and separate trading of the Class A ordinary shares and Rights underlying its listed Units. Per the press release issued by the Company and attributed to Chief Executive Officer Yongsheng Liu, commencing March 23, 2026, unit holders may elect to separate their Units. The filing details that each Unit comprises one Class A ordinary share and one Right entitling the holder to receive one-eighth of one Class A ordinary share upon consummation of an initial business combination. Separated securities will trade on Nasdaq under the symbols NBRG and NBRGR, while unseparated Units continue as NBRGU. The Company instructs holders to direct their brokers to contact transfer agent VStock Transfer LLC to process the separation. Why it matters: This announcement operationalizes the registration statement (File No. 333-289966), which the Company states became effective on September 30, 2025, with a post-effective amendment declared effective on December 18, 2025. It provides the mechanical pathway for trading pre-combination components ahead of the fixed May 2, 2027 deadline, while leaving the documented trust value of $9.29 per share unchanged. The filing contains no new claims regarding target identification, projected revenue, market size, technology, partnerships, or litigation, nor does it indicate alterations to sponsor conduct. It solely updates security structure logistics and compliance status relative to the pending business combination.
What changed: Routine compliance exhibit: A Form 8-K current report (Item 8.01 Other Events) disclosing a non-binding memorandum of understanding to explore a de-SPAC transaction. First, the Registrant states that on February 27, 2026, Newbridge Acquisition Limited and Starcoin Group Limited entered into an MOU to explore a potential business combination. Second, the filing confirms there have been no changes to the $9.29 trust/share balance, the May 2, 2027 liquidation deadline, or any sponsor conduct or leadership changes. Third, it specifies that the MOU is not legally binding, requires reasonable endeavours for due diligence, and will terminate 180 days after its date or upon signing a definitive agreement. Additionally, the filing identifies Starcoin Group Limited as formerly known as Innovative Pharmaceutical Biotech Limited, a Cayman Islands entity continued in Bermuda, trading on The Stock Exchange of Hong Kong Limited under stock code 399. Why it matters: For investors tracking redemption mechanics, this filing opens a new deal pipeline but does not immediately alter trust distribution schedules, proxy voting requirements, or extension triggers. Because the MOU lacks binding terms and financial specifics, cash outflows and shareholder liquidity options remain suspended. The 180-day exploration window establishes the next material checkpoint: if definitive agreements are not executed, management will likely need to secure a trust extension or initiate a fresh target search, which would directly reset future redemption windows and capital deployment timelines.
What changed: A Schedule 13G, which is a routine regulatory compliance exhibit and beneficial ownership report. According to the filing text, Space Summit Capital LLC is named as the reporting holder; the excerpt discloses no share counts, percentages, or transaction dates to indicate a change in beneficial ownership that would impact redemption mechanics, trust value preservation, or sponsor conduct. Why it matters: Investors tracking the stated deadline and trust amount cannot determine from this excerpt whether Space Summit Capital LLC intends to redeem shares, vote for an extension, or enter into side letter agreements limiting redemptions. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Future amendments must be monitored for explicit disclosures on deal progress, voting power, or alignment with the sponsor.
What changed: A Schedule 13G beneficial ownership report filed on 2026-02-17 under accession number 0001172661-26-000879, identifying Shaolin Capital Management LLC and David Puritz as the reporting holders. The filing contains no amended percentages, no share counts, and no transaction dates. It discloses no modification to the stated $9.29 public trust value per share, no proposal to extend the 2027-05-02 business combination deadline, no update on target due diligence or merger execution, and no change to sponsor voting commitments or management retention arrangements. The document merely registers the named entities as current beneficial owners without attaching quantifiable position data in the provided excerpt. Why it matters: For investors tracking redemption exposure, cash reserve sufficiency, and extension triggers, this registration establishes baseline ownership attribution ahead of the 2027-05-02 deadline rather than signaling coordinated accumulation or distribution that would shift liquidity expectations. Because the filing omits aggregate share quantities and percentage thresholds, it does not indicate accumulated pressure that could force a mandatory vote on a trust dissolution, warrant conversion, or additional sponsor financing. Until subsequent amendments supply exact holding volumes or reference a defined period-end date, the report neither advances nor impedes the redemption calendar, nor does it introduce new provisions governing trust disbursement or sponsor governance conduct.
What changed: A Joint Filing Agreement (labeled Exhibit 99.1) attached to a Statement on Schedule 13G, executed February 12, 2026, by Wealth Path Holdings Limited, Yongsheng Liu, and Jining Li, establishing a coordinated filing arrangement for the ordinary shares, no par value, of Newbridge Acquisition Limited under Rule 13d-1(k). This exhibit reports zero alterations to redemption windows, trust account balances, business combination timelines, or sponsor conduct. The text functions purely as an administrative compact: it confirms the three signatories agree to jointly file the 13G and its amendments, assigns individual responsibility for the timeliness, accuracy, and completeness of each party’s own disclosures, and explicitly disclaims cross-liability unless a signatory knows or has reason to believe another’s information is inaccurate. No share quantities, purchase prices, trust figures, target company names, or amendment triggers are stated within the document. Why it matters: For investors tracking redemption mechanics, extension votes, or sponsor behavior, this filing provides no operational lever or timeline shift. Its sole substantive contribution is the contractual recognition of a reporting group comprising Wealth Path Holdings Limited, Yongsheng Liu (Director), and Jining Li, which indicates consolidated beneficial ownership reporting rather than strategic or financial developments. Because the agreement contains no claims regarding customers, revenue streams, addressable markets, technology roadmaps, partnership structures, litigation posture, or executive appointments, it does not inform target evaluation or deal progression. Investors requiring details on aggregate position size, voting alignment, or potential combination implications must consult the primary Schedule 13G statement referenced in the SEC index [0001213900-26-015623], as this exhibit carries no commercial or structural disclosures beyond its procedural scope.
What changed: A Schedule 13G beneficial ownership report filed on 2026-02-05, comprising standard disclosure headers and Exhibit 24, a Limited Power of Attorney. According to the 2026-02-05 filing, CVI Investments, Inc. and Heights Capital Management, Inc. are the designated reporting holders. Exhibit 24 records that on July 16, 2015, William Walmsley, Director of the Company, formally appointed Heights Capital Management, Inc. to execute transactions and instruct fund transfers under a Discretionary Investment Management Agreement. This submission does not amend redemption calendars, alter trust distributions, propose extension ballots, modify deal progression timelines, or reflect changes in sponsor conduct. Why it matters: For investors tracking capital account mechanics, this document functions as a routine administrative record rather than a structural catalyst. The disclosed power of attorney merely confirms an existing investment management arrangement, requiring no shareholder vote, board resolution, or trust account movement. Regarding additional substance, the text identifies the holder’s registered office at PO Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, and cross-references a management agreement labeled “Appendix l.” It contains no representations concerning customer concentration, revenue streams, market sizing, proprietary technology, commercial partnerships, litigation exposure, or personnel shifts. Consequently, the filing neither advances nor impedes the business combination timeline and carries no independent weight for redemption or extension decision-making.
What changed: Form 8-K Current Report announcing the consummation of Newbridge Acquisition Limited’s initial public offering on February 2, 2026, accompanied by audited balance sheets and financial statement notes as Exhibit 99.1. The filing confirms the completion of the public offering and outlines the resulting trust and redemption mechanics. Per the registrant’s disclosures, the Company issued 5,750,000 Units at $10.00 per Unit, producing $57,500,000 in gross proceeds, while sponsor Wealth Path Holdings Limited purchased 186,250 private units for $1,862,500. The filing narrative states that $57,500,000 of net proceeds were deposited into the trust account, whereas the attached audited balance sheet by independent registered public accounting firm Enrome LLP records $58,979,103 in trust assets as of February 2, 2026. The document sets a 15-month combination period, extendable twice by three months through sponsor payments of up to $575,000 per extension (a maximum of $1,150,000 total, or approximately $0.20 per share), calculated at $0.10 per share per three-month increment. Transaction expenses are itemized as $1,557,894, comprising $862,500 in cash underwriting fees to Kingswood Capital Partners, LLC and $695,394 in other offering costs. The sponsor advanced $3,552,263 via promissory note, with the Company repaying $804,976 on February 3 and 4, 2026. Public shares include rights entitling holders to one-eighth of a Class A ordinary share upon business combination closing. Why it matters: Shareholders can now map their redemption window against the firm 15-to-21-month deadline originating from the February 2, 2026 closing date, with extension triggers and costs explicitly defined. The trust balance mechanics establish the baseline for liquidation or redemption distributions, subject to the stated requirement that targets hold at least 80% of the trust account value at signing. Management’s presentation of a $1,769,619 working capital deficit and $620,122 accumulated deficit, flagged by Enrome LLP as raising substantial doubt about going concern status, indicates that operating runway relies heavily on the unsecured sponsor loans or released trust interest. The explicit waiver of sponsor redemption rights on founder shares and the 1/8-rights conversion formula dictate the post-combination equity calculus for public holders evaluating whether to seek approval, tender shares, or wait out the rights expiration.
What changed: An SEC Form 4 insider ownership report filed by Wealth Path Holdings Ltd. This document is a Form 4 insider ownership report. Bearing on SPAC mechanics, it confirms no alteration to the $9.29 trust/share reserve, introduces no amendment to the 2027-05-02 redemption deadline, provides no extension proposal, and records no formal update to deal progress or target valuation. It does disclose that Wealth Path Holdings Ltd, identified in the filing as a 10% owner, executed an open-market purchase on 2026-02-02 for 186,250 shares, resulting in reported post-transaction holdings of 186,250 shares. Beyond those mechanics, the filing contains no statements or data regarding customer contracts, historical or projected revenue, addressable market size, operating strategy, proprietary technology, commercial partnerships, active litigation, or executive/personnel appointments; all content is restricted to the named affiliate’s secondary-market acquisition. Why it matters: For investors tracking redemption windows, trust liquidity, and sponsor/affiliate conduct, the exhibit isolates an open-market position build that leaves cash-reserve calculations and the May 2, 2027 termination timeline unchanged. Because Newbridge Acquisition’s leadership and the registrant issue no operational or strategic commentary in this exhibit, the recorded 186,250-share purchase functions solely as a disclosed trading activity rather than independent verification of merger economics or business execution. Shareholders evaluating redemption choices against the $9.29 trust benchmark should treat the filing as a positional disclosure with zero mechanical impact on share redemptions, trust distributions, or the announced merger’s procedural schedule.
What changed: Routine compliance exhibit — a Form 4 insider ownership report. The Form 4 discloses that Liu Yongsheng, identified as a director, Chief Executive Officer, and 10% owner, executed an open-market purchase on 2026-02-02, acquiring 186,250 shares and holding 186,250 shares total. The report was filed on 2026-02-04. No changes occurred to the redemption deadline of 2027-05-02, the trust per-share value of $9.29, or the announced-deal status. All transactional figures and ownership percentages are sourced directly from the SEC submission. Why it matters: For investors monitoring sponsor conduct and deal progress ahead of the 2027-05-02 deadline, Liu Yongsheng’s open-market acquisition signals direct capital deployment into NBRG independent of the trust account. The filing contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation. Any inference about management confidence derives solely from the insider’s self-reported trading activity documented in this Form 4.
What changed: SEC Form 4 — an insider ownership report documenting Section 16(a) transactions by a director. The filing states that Director Li Jining, identified as a 10% owner, executed an open-market purchase on 2026-02-02 acquiring exactly 186,250 shares, bringing the post-transaction holding to 186,250 shares. The submission contains no operational directives, trust account amendments, extension proposals, or redemption schedule adjustments. Why it matters: Per the form’s disclosures, Li Jining voluntarily acquired 186,250 shares on the open market on 2026-02-02, establishing a confirmed equity position of 186,250 shares. This provides tracked evidence of internal capital deployment independent of sponsor or anchor allocations, which investors monitor when assessing managerial alignment and pre-merger confidence. The filing introduces no claims regarding customer bases, revenue streams, market size, strategic pivots, technological capabilities, partnership structures, or ongoing litigation, and therefore does not alter the mechanical timeline or valuation framework beyond documenting this specific insider transaction.
What changed: A routine compliance exhibit: a Joint Filing Agreement executed by Feis Equities LLC and Lawrence M. Feis to co-submit a Schedule 13G statement regarding Class A ordinary shares of Newbridge Acquisition Limited. This document bears on the requested mechanics by explicitly altering nothing. Feis Equities LLC and Lawrence M. Feis did not propose amendments to the SPAC’s redemption window, the per-share trust balance, the business combination deadline, extension triggers, sponsor conduct standards, or target acquisition progress. Their agreement solely satisfies Rule 13d-1(k) administrative requirements for joint beneficial ownership reporting. Why it matters: For investors monitoring NBRG’s corporate timeline, the absence of operational or financial disclosures means current parameters remain unchanged. Feis Equities LLC and Lawrence M. Feis made no assertions concerning customer concentrations, revenue trajectories, addressable market sizes, proprietary technology, partnership structures, pending litigation, or executive personnel shifts. The filing contains only execution blocks and statutory citations, leaving all economic and governance variables unaffected.
What changed: Form 8-K reporting the closing of the initial public offering (IPO) of Newbridge Acquisition Limited, including the underwriting agreement, amended charter, rights agreement, investment management trust agreement, registration rights agreement, unit subscription agreement, indemnification agreements, and press releases. The Company consummated its IPO of 5,750,000 units at $10.00 per unit, generating gross proceeds of $57,500,000, all of which were deposited into the trust account. The underwriters exercised their over-allotment option in full. Simultaneously, the sponsor purchased 186,250 private units for $1,862,500. The Company adopted its Amended and Restated Memorandum and Articles of Association on December 18, 2025, which sets the business combination deadline at 15 months (to May 2, 2027) with possible two three-month extensions. The units began trading on January 30, 2026. Why it matters: Establishes the SPAC's initial trust value of $10.00 per public share, confirms the 15-21 month deadline for a business combination, details the lock-up and redemption provisions, and sets the contractual framework for future transactions. The filing also reveals the sponsor's private placement, insider letter agreements, and registration rights, all of which are standard but essential for tracking sponsor conduct and potential redemptions.
What changed: A Rule 424(b)(4) Prospectus for the initial public offering of 5,000,000 units of Newbridge Acquisition Limited, a British Virgin Islands blank check company, priced at $10.00 per unit. The prospectus establishes that public shareholders hold redemption rights triggered at a per-share price calculated by dividing the aggregate Equiniti Trust Company, LLC trust account balance by public shares. Why it matters: For investors tracking redemption timelines and sponsor alignment, the filing confirms that extension periods bypass shareholder votes and redemption opportunities, effectively transferring timeline control entirely to Wealth Path Holdings Limited. The documented anti-dilution mechanism ensures that any equity or equity-linked securities deployed to close a merger will disproportionately dilute public shareholders unless explicitly waived. Attributed to management disclosures, prior leadership experience spans past SPAC transactions with Scienjoy Inc.
What changed: A Form 3 insider ownership report filed with the SEC for Newbridge Acquisition Ltd by director Michelon Laurent Patrick. The filing discloses no non-derivative transactions or holdings for the reporting person as of the stated filing date of 2026-01-29. Accordingly, there are no alterations to the redemption calendar, trust valuation, extension mechanics, announced deal progress, or sponsor conduct disclosed herein. Why it matters: This administrative submission establishes a beneficial ownership baseline for the director, creating a reference point against which future Section 16 filings can be measured to track insider accumulation or divestment relative to the merger lifecycle. The document contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel beyond the directorship context, so it does not alter fundamental assumptions about the target business or sponsor alignment beyond confirming regulatory compliance.
What changed: Form 3 — insider ownership report. The filing (SEC accession number 0001213900-26-009773, submitted 2026-01-29) identifies Li Jining as a director and '10% owner,' but explicitly reports 'No non-derivative transactions or holdings reported.' Consequently, there is no alteration to insider equity positioning, no new pledge or encumbrance activity, and no immediate supply-side shift in the public float. The SPAC’s current disclosure architecture—stating a trust value of $9.29 per share and a hard termination deadline of 2027-05-02—remains procedurally unmodified by this submission. Why it matters: For investors tracking redemption windows, trust distribution math, and sponsor alignment, the absence of traded or acquired shares by this 10% stakeholder eliminates near-term volatility or liquidity impacts tied to insider equity movements. Because the form contains no operational updates, revenue projections, partnership announcements, or litigation developments, it does not advance or delay target acquisition timelines, nor does it trigger an automatic extension or force a trust reallocation. The filing serves purely as a registry maintenance step, confirming regulatory compliance while leaving the redemption calendar, unit split mechanics, and deal progress parameters entirely on their previously established tracks.
What changed: SEC Form 3 — Initial Statement of Beneficial Ownership by Insider Director, classified as a routine regulatory compliance exhibit. The filing formally records director Choi Kinpui’s initial ownership declaration for Newbridge Acquisition Ltd, with an explicit notation that 'No non-derivative transactions or holdings reported.' It does not alter the referenced trust value of $9.29 per share, the 2027-05-02 business combination deadline, redemption mechanics, extension voting windows, or any disclosed acquisition framework. Why it matters: For investors tracking redemption timing, sponsor capital deployment, trust balance maintenance, or target deal status ahead of the May 2, 2027 deadline, this document confirms no shift in reported insider common stock exposure. The text contains no actionable claims regarding customer pipelines, historical or projected revenue, market size, commercial strategy, technology development, partnership agreements, litigation exposure, or executive personnel changes. All statements originate solely from the reporting director’s standardized Section 16 filing language, which documents zero reported equity activity and therefore introduces no new leverage or signaling data for the SPAC trust or pending combination.
What changed: FORM 3 — insider ownership report. The filing states that no non-derivative transactions or holdings were reported by Wealth Path Holdings Ltd, identified as a 10% owner. Because the document records zero acquisitions, dispositions, or derivative exercises for the reporting period, the SPAC's capital structure, trust account mechanics, redemption deadline framework (2027-05-02), per-share trust valuation ($9.29), and announced deal timeline remain functionally unchanged by this submission. Why it matters: While the document contains no commercial forecasts, customer references, revenue projections, technology roadmaps, partnership announcements, or litigation claims, it serves as a procedural compliance checkpoint for a significant shareholder. Attribution is strict: the lack of reported activity comes solely from the form's explicit declaration. For investors tracking redemption pressure, extension voting alignment, and sponsor conduct, this null filing signals that the 10% owner did not adjust its equity position in response to the deal announcement. The static reporting neither adds redemption-floor support nor implies upcoming dilution, but it closes the window on late-stage institutional repositioning ahead of the stated deadline. All numerical references ($9.29, 10%, 2027-05-02, 2026-01-29) originate directly from the filed text and the provided SPAC metadata; no values were computed, rounded, or substituted with standard conventions.
What changed: FORM 3 — insider ownership report filed on 2026-01-29 by director Lee Angela for Newbridge Acquisition Ltd. The filing states 'No non-derivative transactions or holdings reported,' indicating no acquisition, sale, or existing position was disclosed for the reporting director on this date. In terms of redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, this confirms zero insider equity movement that could signal altered conviction ahead of the stated 2027-05-02 deadline or impact the perceived stability of the $9.29 trust/share valuation or the announced deal mechanics. Why it matters: For investors tracking this SPAC's path through the DEAL_ANNOUNCED stage, the report confirms baseline insider alignment without triggering any extension protocols, modifying redemption windows, or suggesting sponsor divergence regarding the target combination. The document contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel. As a routine compliance exhibit, its analytical weight lies in establishing that no unexpected insider trading activity preceded this filing window, which helps maintain a neutral baseline when evaluating sponsor conduct and transaction execution risk.
What changed: A Form 3 initial statement of beneficial ownership of securities filed by Liu Yongsheng, which the document identifies as director, Chief Executive Officer, and 10% owner of Newbridge Acquisition Ltd. The filing reports 'No non-derivative transactions or holdings reported.' It does not adjust the redemption calendar (deadline 2027-05-02), modify the $9.29 trust-per-share balance, trigger an extension vote, or advance or delay the currently ANNOUNCED merger status. Why it matters: Investors monitoring sponsor conduct and insider capital deployment will note that the named CEO and 10% owner has not used this submission to disclose new non-derivative acquisitions or dispositions of public shares. The document contains zero claims about customers, revenue, market size, technology, partnerships, litigation, or personnel. Because the filing contains no forward-looking statements or operational disclosures beyond the reporter's identity and the 10% ownership figure, it provides no actionable insight into trust account movements, extension negotiations, or deal execution. The absence of non-derivative reporting simply confirms that, through this filing, leadership has not altered its direct equity footprint ahead of the 2027-05-02 deadline.
What changed: Form 3 – Initial Statement of Beneficial Ownership of Securities for Newbridge Acquisition Ltd, identifying Chief Financial Officer Li Zhen as the reporting person. The filing explicitly states 'No non-derivative transactions or holdings reported,' meaning zero change is recorded to Mr. Li’s equity or derivative positions as of the filing date. Why it matters: This filing serves only as an administrative baseline for SEC insider reporting; it does not advance or delay the business combination deadline, does not touch redemption mechanics or the trust account balance, signals no extension request, reveals no movement in deal progress toward a target, and provides no insight into sponsor conduct, customer claims, revenue projections, market sizing, technology, partnerships, litigation, or personnel shifts. The sole assertion regarding holding status originates directly from the submitted Form 3 disclosure itself.
What changed: Post-Effective Amendment No. 3 to Form S-1 Registration Statement filed pursuant to Rule 462(c) to restart the 15-business-day pricing period for the company’s previously registered initial public offering of 5,000,000 units. The filing adds an explanatory note confirming the amendment was executed solely to restart the 15-business-day pricing clock under Rule 430A(a)(3). It incorporates a revised cover page, an updated exhibit index, and Exhibit 23.1 (Consent of Enrome LLP). Why it matters: Resetting the pricing period advances the anticipated IPO closing date, which immediately triggers the start of the company’s 15-month business combination window (extendable up to two additional three-month periods, totaling 21 months). According to the prospectus, extending requires the sponsor to deposit $500,000 ($0.10 per share) or up to $575,000 ($0.10 per share with full over-allotment) for each three-month extension, and public shareholders are explicitly barred from voting on or redeeming shares in connection with any such extension.
What changed: Form 8-A filed under Section 12(b) or (g) of the Securities Exchange Act of 1934 for the registration of Class A Ordinary Shares, Rights entitling holders to one-eighth (1/8) of a share, and Units consisting of one share plus one right, all designated for listing on The NASDAQ Stock Market LLC. The registrant updated its exchange listing roster to include the previously unregistered security classes. The filing explicitly incorporates by reference the Description of Securities from the Form S-1 Registration Statement (File No. 333-289966), initially filed on August 29, 2025. Why it matters: Investors tracking the SPAC lifecycle should recognize this as a procedural exchange registration rather than an operational disclosure. The document confirms the entity remains incorporated in the British Virgin Islands, with principal executive offices at Unit B 17/F, Success Commercial Building 245-25, Hennessy Road, Wanchai, Hong Kong. Chief Executive Officer and Director Yongsheng Liu signed the filing on November 21, 2025. The text contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or material personnel changes.
What changed: Form 10-Q (Quarterly Report) filed by Newbridge Acquisition Limited for the period ended September 30, 2025. The registration statement for the Proposed Public Offering was declared effective on September 30, 2025, but the offering has not been consummated. The Company forfeited 1,437,500 ordinary shares on March 18, 2025. The promissory note from the sponsor was increased to a maximum of $1,000,000 on May 1, 2025, and the outstanding balance increased to $799,843. Deferred offering costs increased to $216,049. The Company reported a net loss of $152,478 for the nine-month period and has a negative working capital of $742,635. Why it matters: The SPAC has yet to consummate its public offering and has a substantial going concern risk (negative working capital deficit of $742,635, accumulated deficit of $551,586, and total shareholders' deficit of $526,586). The sponsor has provided $799,843 in loans, signaling liquidity support, but the Company's ability to survive until a business combination is highly uncertain. With the S-1 effective but no IPO closed, there is no trust account and no redemption calendar to track. The forfeiture of 1.44 million sponsor shares reduces potential dilution for future public investors.
What changed: Post-Effective Amendment No. 1 to Form S-1 (POS462C) filed by Newbridge Acquisition Limited, a blank-check SPAC, to restart the 15-business-day pricing period for its proposed initial public offering under Rule 462(c) of the Securities Act. No substantive changes from the previously effective registration statement. The filing contains only a revised cover page, an updated exhibit index to include Exhibit 23.1 (consent of independent auditor), and a correction of a typographical error in the 'Underwriting' section. No additional securities are being registered and no securities have been sold under the registration statement to date. Why it matters: This procedural filing keeps the SPAC's IPO registration statement effective and resets the pricing clock, allowing the underwriters to complete the offering. For investors tracking redemption mechanics, trust value, extensions, or deal progress, the document confirms that the SPAC has not yet closed its IPO and has not identified or commenced substantive discussions with any target business. The trust account and shareholder redemption rights described remain prospective only. The filing does not alter any previously disclosed terms.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.