Newbridge Acquisition Limited (Nasdaq: NBRGU) has executed a business combination agreement with Startech Group, a U.S.-based AI and fintech infrastructure company operating AQP functional water and StarOS platform segments. Before closing, Newbridge plans to re-domicile from the British Virgin Islands to Delaware, becoming a Delaware corporation (the “Domesticated Company”).
Under the agreement, Newbridge Merger Sub, a wholly owned Delaware subsidiary, will merge into Startech, making Startech a wholly owned subsidiary of the Domesticated Company. At closing, Startech stockholders and management are to receive 100,000,000 Domesticated Company common shares, with certain holders subject to a six‑month lock-up. The transaction has unanimous board approval and is subject to shareholder approvals, regulatory clearances, SEC effectiveness of a Form S‑4 registration statement, and Nasdaq approval of the combined company’s listing. The parties plan to remain Nasdaq-listed under a new ticker after closing.
Newbridge Acquisition (Nasdaq:NBRG) will allow separate trading of its Class A ordinary shares and rights starting March 23, 2026. Each right equals one-eighth of one Class A ordinary share upon an initial business combination; no fractional rights will be issued.
Separated Class A shares will trade under NBRG, separated rights under NBRGR, and unsplit units will remain under NBRGU. Holders must instruct brokers to contact the transfer agent, VStock Transfer LLC, to separate units. Relevant SEC registration amendments were declared effective in 2025.
Newbridge Acquisition (NASDAQ: NBRGU / expected NBRG) closed a $57.5 million initial public offering of 5,750,000 units at $10.00 per unit on Feb 2, 2026, including the 750,000‑unit overallotment option.
Each unit comprises one Class A ordinary share and one right; each right converts to one‑eighth of a share upon consummation of an initial business combination. Units began trading on NASDAQ Capital Market under NBRGU on Jan 30, 2026; separate listing of shares and rights is expected under NBRG and NBRGR.
Newbridge Acquisition Limited (NASDAQ: NBRG) priced a $50.0 million initial public offering of 5,000,000 units at $10.00 per unit. Units will trade as NBRGU beginning January 30, 2026, and consist of one Class A ordinary share plus one right (each right = 1/8 share upon a business combination).
The offering is expected to close February 2, 2026, subject to customary conditions, with a 45-day underwriter option for up to 750,000 additional units to cover over-allotments.