Company: NBRG
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001213900-25-068218
Chunk: 74

Company: Newbridge Acquisition Ltd
Filing Date: 2025-07-28
Form: DRS/A
Chunk 74
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allotmentliabilities. On May 1, 2021, we issued an unsecured promissory note to the sponsor, pursuant to which we may borrow up to an aggregate principal amount of $500,000. The promissory note is non -interestbearing and payable on closing of this offering. The actual liabilities of $469,351 on December 31, 2024, represent a related party loan from Wealth Path Holdings Limited, which will be repaid using the proceeds received from the offering on the date the offering is consummated. (4)The “as adjusted” value of ordinary shares which may be redeemed for cash equals the “as adjusted” total assets of $50,125,892 less the “as adjusted” total liabilities of $159,927 less the “as adjusted” shareholders’ equity of $5,215,943. The amount represents net proceeds to be held in the trust account related to this offering. The ordinary shares offered to the public contain redemption rights that make them redeemable by our public shareholders. Accordingly, they are classified within temporary equity in accordance with the guidance provided in ASC 480 -10-S99-3Aand will be subsequently accredited at redemption value. (5)Excludes 5,000,000 ordinary shares which may be redeemed in connection with our initial business combination and assuming no exercise of the over -allotmentoption. The actual number of shares that may be redeemed may exceed this amount. The “as adjusted” calculation equals the “as adjusted” total assets, less the “as adjusted” total liabilities, less the value of ordinary shares that may be redeemed in connection with our initial business combination (initially $10.00 per share or 100% of the gross proceeds from this offering). We will consummate our initial business combination only if we have net tangible assets of at least $5,000,001 either immediately prior to or upon such consummation, or otherwise we are exempt from the provisions of Rule 419 promulgated under the Securities Act (so that we are not subject to the SEC’s “penny stock” rules), and solely if we seek shareholder approval, a majority of the issued and outstanding ordinary shares voted are voted in favor of the business combination. If no business combination is completed within 15 months from the closing of this offering (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