Company: NBRG
Filing Date: 2025-09-11
Form Type: S-1/A
Source: 0001213900-25-086861
Chunk: 149

Company: Newbridge Acquisition Ltd
Filing Date: 2025-09-11
Form: S-1/A
Chunk 149
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 best interests of our company, whether or not a conflict of interest may exist. Affiliates of our Sponsor may in the future be involved in other blank check companies like ours and may direct potential targets to those companies rather than to us. Affiliates of our sponsor may in the future invest in or be involved in the management of other SPACs. SPACs related to such affiliates may compete with us for acquisition opportunities. Because such affiliates do not owe us a fiduciary duty, they may direct opportunities to the other SPACs with which they have a relationship rather than to us. 84 The value of the founder shares following completion of our initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of our ordinary shares at such time is substantially less than $10.00 per share. Upon the closing of this offering, assuming no exercise of the underwriter’s over -allotmentoption, our sponsor will have invested in us an aggregate of $1,775,000, comprised of the $25,000 purchase price for the founder shares and the $1,750,000 purchase price for the private units. Assuming a trading price of $10.00 per share upon consummation of our initial business combination, the 1,250,000 founder shares would have an aggregate implied value of $12,500,000. Even if the trading price of our ordinary shares was as low as approximately $1.10 per share, the value of the founder shares and private units would be equal to the sponsor’s initial investment in us, assuming no over -allotment. As a result, our sponsor is likely to be able to recoup and profit on its investment in us and make a substantial profit on that investment, even if our public shares have lost significant value. Accordingly, our management team, which owns interests in our sponsor, may have an economic incentive that differs from that of the public shareholders to pursue and consummate an initial business combination rather than to liquidate and to return all of the cash in the trust to the public shareholders, even if that business combination were with a riskier or less -establishedtarget business. For the foregoing reasons, you should consider our management team’s financial incentive to complete an initial business combination when evaluating whether to redeem your shares prior to or in connection with the initial business combination. Since the sponsor will lose their entire investment in us if our initial business combination is not consummated and our officers and directors have significant