Newbridge Acquisition Limited Announces Closing of $57.5 Million Initial Public Offering

Rhea-AI Summary

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.

Positive

• $57.5 million gross proceeds raised from the IPO
• Offering included full exercise of 750,000 overallotment units
• Units began trading on NASDAQ Capital Market under ticker NBRGU

Negative

• Each right converts to 1/8 of a share on combination, creating potential future dilution
• Separate listing of underlying shares and rights is only expected, not yet effective

Key Figures

IPO gross proceeds: $57,500,000 Units offered: 5,750,000 units Over-allotment units: 750,000 units +5 more

8 metrics

IPO gross proceeds $57,500,000 Initial public offering aggregate gross proceeds

Units offered 5,750,000 units Total IPO units including over-allotment

Over-allotment units 750,000 units Units from full exercise of over-allotment option

Unit price $10.00 per unit IPO offering price

Right conversion ratio 1/8 share per right Each right converts to one-eighth of a Class A share

S-1 file number File No. 333-289966 SEC registration statement reference

S-1 effective date September 30, 2025 Registration statement became effective

Post-effective amendment date December 18, 2025 Post-effective amendment declared effective by SEC

Market Reality Check

normal vol

Market Pulse Summary

This announcement confirms the closing of Newbridge Acquisition Limited’s IPO, raising gross proceed...

Analysis

This announcement confirms the closing of Newbridge Acquisition Limited’s IPO, raising gross proceeds of $57,500,000 from 5,750,000 units at $10.00 each. Each unit includes a right to receive 1/8 of a Class A share upon completion of an initial business combination. Investors may focus on how the company deploys this capital, progresses toward a qualifying transaction, and manages the additional equity implied by the outstanding rights.

Key Terms

initial public offering, over-allotment option, prospectus, registration statement on Form S-1

4 terms

initial public offering financial

"announced today that it closed its initial public offering of 5,750,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

over-allotment option financial

"including 750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

prospectus regulatory

"A final prospectus relating to the offering was filed with the SEC"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

registration statement on Form S-1 regulatory

"A registration statement on Form S-1, as amended (File No. 333-289966), relating to these securities"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

AI-generated analysis. Not financial advice.

HONG KONG, CHINA, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Newbridge Acquisition Limited (NASDAQ: NBRGU) (the “Company”) announced today that it closed its initial public offering of 5,750,000 units, including 750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. Each unit consists of one Class A ordinary share and one right. Each right entitles the holder thereof to receive one-eighth (1/8) of one Class A ordinary share upon the consummation of an initial business combination. The offering was priced at $10.00 per unit, resulting in aggregate gross proceeds to the Company of $57,500,000.

The units are listed on the NASDAQ Capital Market (“NASDAQ”) and began trading under the ticker symbol “NBRGU” on January 30, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on NASDAQ under the ticker symbols “NBRG” and “NBRGR,” respectively.

Kingswood Capital Partners, LLC acted as the sole book running manager in the offering. Loeb & Loeb LLP served as legal counsel to the Company. Greenberg Traurig, LLP served as legal counsel to Kingswood Capital Partners, LLC. Forbes Hare served as British Virgin Islands legal counsel to the Company.

A registration statement on Form S-1, as amended (File No. 333-289966), relating to these securities was filed with the Securities and Exchange Commission (“SEC”) and became effective on September 30, 2025. The post-effective amendment to the registration statement was declared effective by the SEC on December 18, 2025. A final prospectus relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov. The offering was made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering may be obtained from Kingswood Capital Markets, LLC, 126 E 56th Street, Suite 22S, New York, NY 10022, or by email at ttian@kingswoodus.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Newbridge Acquisition Limited

Newbridge Acquisition Limited is a blank check company incorporated as a British Virgin Islands business company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, the expected trading of its Class A ordinary shares and rights on the Nasdaq Capital Market, and the anticipated use of the net proceeds from the offering. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact:

Yongsheng Liu
winstonca@163.com
Newbridge Acquisition Limited
Unit B 17/F, Success Commercial Building,
245-25, Hennessy Road, Wanchai, Hong Kong

FAQ

What did Newbridge Acquisition announce about its IPO and proceeds (NBRG)?

The company closed an IPO raising $57.5 million from 5,750,000 units priced at $10.00 each. According to the company, the offering included the full 750,000‑unit overallotment option and produced aggregate gross proceeds of $57,500,000.

How are Newbridge Acquisition's units structured and what do the rights convert into (NBRG)?

Each unit contains one Class A ordinary share and one right; each right converts to 1/8 of a Class A share upon an initial business combination. According to the company, conversion occurs only upon consummation of the initial business combination.

When did Newbridge Acquisition begin trading and under which ticker (NBRGU / NBRG)?

Units began trading on the NASDAQ Capital Market under NBRGU on January 30, 2026. According to the company, the Class A shares and rights are expected to trade separately as NBRG and NBRGR once separate listing begins.

Who managed Newbridge Acquisition's IPO and which counsel represented the parties (NBRG)?

Kingswood Capital Partners served as sole book running manager for the offering. According to the company, Loeb & Loeb and Greenberg Traurig acted as legal counsel to the company and underwriter respectively, with Forbes Hare as BVI counsel.

Where can investors obtain the Newbridge Acquisition final prospectus and registration details (NBRG)?

A final prospectus and the Form S‑1 registration (File No. 333‑289966) are available on the SEC website and from Kingswood Capital Markets. According to the company, electronic prospectus copies can be requested by email at ttian@kingswoodus.com.