Company: NBRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110861
Chunk: 21

Company: Newbridge Acquisition Ltd
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
 combination:

●may
                                            significantly dilute the equity interest of investors in this offering who would not have
                                            pre-emption rights in respect of any such issue;

●could
                                            cause a change in control if a substantial number of ordinary shares are issued, which may
                                            affect, among other things, our ability to use our net operating loss carry forwards, if
                                            any, and could result in the resignation or removal of our present officers and directors;

●may
                                            have the effect of delaying or preventing a change of control of us by diluting the share
                                            ownership or voting rights of a person seeking to obtain control of us; and

●may
                                            adversely affect prevailing market prices for our ordinary shares.

Similarly, if we issue debt
securities or otherwise incur significant indebtedness, it could result in:

●default
                                            and foreclosure on our assets if our operating revenues after our initial business combination
                                            are insufficient to repay our debt obligations;

●acceleration
                                            of our obligations to repay the indebtedness even if we make all principal and interest payments
                                            when due if we breach certain covenants that require the maintenance of certain financial
                                            ratios or reserves without a waiver or renegotiation of that covenant;

●our
                                            immediate payment of all principal and accrued interest, if any, if the debt is payable on
                                            demand;

●our
                                            inability to obtain necessary additional financing if any document governing such debt contains
                                            covenants restricting our ability to obtain such financing while the debt security is outstanding;

●our
                                            inability to pay dividends on our ordinary shares;

●using
                                            a substantial portion of our cash flow to pay principal and interest on our debt, which will
                                            reduce the funds available for dividends on our ordinary shares if declared, expenses, capital
                                            expenditures, acquisitions and other general corporate purposes;

●limitations
                                            on our flexibility in planning for and reacting to changes in our business and in the industry
                                            in which we operate;

●increased
                                            vulnerability to adverse changes in general economic, industry and competitive conditions
                                            and adverse changes in government regulation; and

●limitations
                                            on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions,
                                            debt service requirements, execution of our strategy and other purposes and other disadvantages
                                            compared to our competitors who have less debt.

As indicated in the accompanying
financial statements, at September 30, 2025, we had $57,208 in cash and a working capital deficit of $