Company: NBRG
Filing Date: 2025-10-22
Form Type: POS462C
Source: 0001213900-25-101203
Chunk: 158

Company: Newbridge Acquisition Ltd
Filing Date: 2025-10-22
Form: POS462C
Chunk 158
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 you and the other public shareholders will incur an immediate and substantial dilution of approximately 23.80% or $2.38 per share (the difference between the pro forma net tangible book value per share of $7.62 and the initial offering price of $10.00 per ordinary share) assuming full exercise of over -allotmentoption. We may issue our shares to investors in connection with our initial business combination at a price that is less than the prevailing market price of our shares at that time. In connection with our initial business combination, we may issue shares to investors in private placement transactions (so -calledPIPE transactions) at a price of $10.00 per share or which approximates the per -shareamounts in our trust account at such time, which is generally approximately $10.00. The purpose of such issuances will be to enable us to provide sufficient liquidity to the post -businesscombination entity. The price of the shares we issue may therefore be less, and potentially significantly less, than the market price for our shares at such time. The determination of the offering price of our units and the size of this offering is more arbitrary than the pricing of securities and size of an offering of an operating company in a particular industry. Prior to this offering there has been no public market for any of our securities. The public offering price of the units and the terms of the rights were negotiated between us and the underwriters. In determining the size of this offering, management held customary organizational meetings with representatives of the underwriters, both prior to our inception and thereafter, with respect to the state of capital markets, generally, and the amount the underwriters believed they reasonably could raise on our behalf. Factors considered in determining the size of this offering, prices and terms of the units, including the ordinary shares and rights underlying the units, include: •the history and prospects of companies whose principal business is the acquisition of other companies; •prior offerings of those companies; •our prospects for acquiring an operating business at attractive values; •a review of debt to equity ratios in leveraged transactions; •our capital structure; •an assessment of our management and their experience in identifying operating companies; •general conditions of the securities markets at the time of this offering; and •other factors as were deemed relevant. Although these factors were considered, the determination of our offering price is more arbitrary than the pricing of securities of an operating company in a particular industry since we have no historical operations or financial results. 88 There is currently no market for our