Company: NBRG
Filing Date: 2025-06-24
Form Type: DRS/A
Source: 0001213900-25-056981
Chunk: 151

Company: Newbridge Acquisition Ltd
Filing Date: 2025-06-24
Form: DRS/A
Chunk 151
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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 financial interests in us, a conflict of interest may arise in determining whether a particular acquisition target is appropriate for our initial business combination. The sponsor purchased an aggregate of 1,437,500 founder shares for an aggregate purchase price of $25,000, or approximately $0.017 per share. The founder shares will be worthless if we do not consummate an initial business combination. In addition, our initial shareholders have committed to purchase an aggregate of 175,000 private units (or up to 186,250 private units if the underwriters’ over -allotmentoption is exercised in full) for an aggregate purchase price of $1,750,000 (or up to $1,862,500 if the underwriters’ over -allotmentoption is exercised in full) that will also be worthless if we do not consummate our initial business combination. Reimbursement of out-of -pocket expenses incurred by our insiders, officers, directors or any of their affiliates in connection with certain activities on our