Newbridge Acquisition closes $57.5M IPO; over-allotment fully exercised

Newbridge Acquisition Ltd

Closed IPO of 5,750,000 units at $10.00 each, gross proceeds $57.5M; includes 750,000 units from over-allotment.
Simultaneous private placement of 186,250 units to sponsor Wealth Path Holdings for $1.8625M.
Net proceeds of $57.5M deposited into trust account for benefit of public shareholders.
Units trade on Nasdaq (NBRGU); Class A shares (NBRG) and rights (NBRGR) to trade separately later.
Company is a blank-check SPAC targeting unspecified business combination; no target identified.

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Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

Newbridge Acquisition Ltd issued 186,250 units of unit to the Sponsor for $10.00 per Private Unit.

Security: unit
Shares: 186,250 units
Purchaser: the Sponsor
Consideration: $10.00 per Private Unit

Exact text from the filing

Simultaneously with the closing of the IPO, the Company consummated the private placement (“Private Placement”) with the Sponsor of 186,250 units (the “Private Units”) at a price of $10.00 per Private Unit, generating total proceeds of $1,862,500.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Newbridge Acquisition Ltd entered into Underwriting Agreement with Kingswood Capital Partners, LLC (effective 2026-01-29).

Action: entry
Agreement: underwriting
Counterparty: Kingswood Capital Partners, LLC
Effective: 2026-01-29

Exact text from the filing

an Underwriting Agreement, dated January 29, 2026, by and between the Company and Kingswood Capital Partners, LLC, as representative of the underwriters

View on SEC.gov

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Newbridge Acquisition Ltd filing history →

Source: SEC EDGAR

accession 0001213900-26-010805

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