Company: NBRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110861
Chunk: 24

Company: Newbridge Acquisition Ltd
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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$150,000
                                            of expenses for the legal, accounting and other third-party expenses in connection with initial
                                            business combination;

●$100,000
                                            of expenses relating to our SEC filing obligations and other legal and accounting fees related
                                            to regulatory reporting obligations;

●$120,000
                                            for office space and other administrative expenses;

●$100,000
                                            for D&O insurance premiums; and

●$30,000
                                            for general working capital that will be used for miscellaneous expenses.

If our estimates of the costs
of undertaking in-depth due diligence and negotiating our initial business combination is less than the actual amount necessary to do
so, we may have insufficient funds available to operate our business prior to our initial business combination. Moreover, we may need
to obtain additional financing either to consummate our initial business combination or because we become obligated to redeem a significant
number of our public shares upon consummation of our initial business combination, in which case we may issue additional securities or
incur debt in connection with such business combination. Subject to compliance with applicable securities laws, we would only consummate
such financing simultaneously with the consummation of our initial business combination. Following our initial business combination,
if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

16

Off-Balance Sheet Arrangements

We did not have any off-balance
sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K as of September 30, 2025. We do not participate in transactions
that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which
would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance
sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased
any non-financial assets.

Commitments and Contractual Obligations

We do not have any long-term
debt, capital lease obligations, operating lease obligations or long-term liabilities, other than agreements with affiliates of Sponsor
to pay an aggregate of $6,831 per month for office space, utilities, and secretarial and administrative support.

The underwriters will be entitled
to a cash underwriting discount of half and one percent (1.5%) of the gross proceeds of the Proposed Public Offering, or $750,000 (or
up to $862