Company: NBRG
Filing Date: 2025-09-11
Form Type: S-1/A
Source: 0001213900-25-086861
Chunk: 153

Company: Newbridge Acquisition Ltd
Filing Date: 2025-09-11
Form: S-1/A
Chunk 153
---
 held in the trust account could bear a negative rate of interest, which could reduce the value of the assets held in trust such that the per-share redemption amount received by public shareholders may be less than $10.00 per share. The proceeds held in the trust account will be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a -7under the Investment Company Act, which invest only in direct U.S. government treasury obligations. While short -termU.S. government 86 treasury obligations currently yield a positive rate of interest, they have briefly yielded negative interest rates in recent years. Central banks in Europe and Japan pursued interest rates below zero in recent years, and the Open Market Committee of the Federal Reserve has not ruled out the possibility that it may in the future adopt similar policies in the United States. In the event that we are unable to complete our initial business combination or make certain amendments to our amended and restated memorandum and articles of association, our public shareholders are entitled to receive their pro -ratashare of the proceeds held in the trust account, plus any interest income, net of taxes paid or payable, and less up to $50,000 of interest to pay liquidation expenses in the event that we are unable to complete our initial business combination. Negative interest rates could reduce the value of the assets held in trust such that the per -shareredemption amount received by public shareholders may be less than $10.00 per share. Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares. Our amended and restated memorandum and articles of association provide that we will continue in existence only until 15 (or 21) months from the consummation of this offering if a business combination has not been consummated by such time. If we are unable to complete an initial business combination during such time period, it will trigger our automatic winding up, liquidation and subsequent dissolution. As such, our shareholders could potentially be liable for any claims to the extent of distributions received by them pursuant to such process and any liability of our shareholders may extend beyond the date of such distribution. Accordingly, we cannot assure you that third parties, or us under the control of an official liquidator, will not seek to recover from our shareholders amounts owed to them by us. If at any time we are deemed insolvent for the purposes of the Insolvency Act, (Revised