Company: NBRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110861
Chunk: 32

Company: Newbridge Acquisition Ltd
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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 with interest on the funds held in the
trust account that is available to us, will be sufficient to allow us to operate for at least the next 15 months (or up to 21 months
from the closing of this offering if we extend the period of time to consummate a business combination by the full amount of time, as
described in more detail in this prospectus), assuming that a business combination is not consummated during that time. Over this time
period, we will be using these funds for identifying and evaluating prospective acquisition candidates, performing business due diligence
on prospective target businesses, traveling to and from the offices, plants or similar locations of prospective target businesses, reviewing
corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring,
negotiating and consummating the business combination. We anticipate that we will incur approximately:

●$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