Newbridge Acquisition Limited Announces the Separate Trading of its Class A Ordinary Shares and Rights Commencing March 23, 2026

Newbridge Acquisition (Nasdaq:NBRG) will allow separate trading of its Class A ordinary shares and rights starting March 23, 2026.

Rhea-AI Summary

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.

Positive

• Separate trading begins March 23, 2026
• Rights conversion ratio defined as one-eighth per right
• Distinct Nasdaq symbols for shares, rights, and units

Negative

• No fractional rights will be issued upon separation
• Holders must coordinate with brokers and the transfer agent

Argus Mar 23 session

+0.40% close to close Open Argus

Details

News Market Reaction – NBRGU

On Mar 23, the first trading day after this news, NBRGU closed 0.40% above the previous close.

Data tracked by StockTitan Argus for the Mar 23 session.

Key Figures

Unit separation start date: March 23, 2026 Rights conversion ratio: One-eighth of one Class A ordinary share Form S-1 file number: File No. 333-289966 +2 more

Unit separation start date

March 23, 2026

Date when Class A shares and rights can trade separately

Rights conversion ratio

One-eighth of one Class A ordinary share

Each right upon consummation of initial business combination

Form S-1 file number

File No. 333-289966

Registration statement for these securities

S-1 effectiveness date

September 30, 2025

Date registration statement became effective

Post-effective amendment date

December 18, 2025

Date post-effective amendment declared effective

Historical Context

1 past event · Latest: 2026-02-02

1 event

1. 2026-02-02

   IPO closing

   24h Move

   +0.1%

   Closed $57.5M IPO of 5,750,000 SPAC units at $10 each.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form s-1, registration statement, prospectus, nasdaq capital market

4 terms

form s-1 regulatory

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

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

registration statement regulatory

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

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

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.

nasdaq capital market financial

"will trade on The Nasdaq Capital Market under the symbols “NBRG” and “NBRGR,”..."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, CHINA, March 18, 2026 (GLOBE NEWSWIRE) -- Newbridge Acquisition Limited (Nasdaq: NBRGU) (the “Company”) today announced that, commencing March 23, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in the units. Each right entitles the holder thereof to receive one-eighth of one Class A ordinary share upon the consummation of a initial business combination. No fractional rights will be issued upon separation of the units.

The Class A ordinary shares and rights that are separated will trade on The Nasdaq Capital Market under the symbols “NBRG” and “NBRGR,” respectively. Those units not separated will continue to trade on The Nasdaq Capital Market under the symbol “NBRGU.” Holders of units will need to have their brokers contact VStock Transfer LLC, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and rights.

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 contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact:

Yongsheng Liu
winstonca@163.com
Newbridge Acquisition Limited
Unit B 17/F, Success Commercial Building,
245-25, Hennessy Road, Wanchai, Hong Kong
Telephone: +44 207 297 3592

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Newbridge (NBRG) allow separate trading of shares and rights?

Separate trading begins on March 23, 2026. According to the company, holders of IPO units may elect to split units so Class A shares trade under NBRG and rights trade under NBRGR, while unsplit units stay as NBRGU.

How many Class A ordinary shares does each NBRG right represent?

Each right represents one-eighth of one Class A ordinary share upon a qualifying business combination. According to the company, rights convert at that ratio and no fractional rights will be issued on separation.

What should holders of NBRGU units do to separate their units?

Holders must instruct their brokers to contact VStock Transfer LLC to separate units. According to the company, the transfer agent will process the split so shares and rights can trade under separate Nasdaq symbols.

Which Nasdaq symbols will trade after Newbridge separates units on March 23, 2026?

Separated Class A shares will trade as NBRG, separated rights as NBRGR, and unsplit units remain as NBRGU. According to the company, these symbols apply on The Nasdaq Capital Market starting March 23, 2026.

Are fractional rights issued when Newbridge units are split?

No, fractional rights will not be issued upon separation. According to the company, holders will receive whole rights at the stated one-eighth conversion and fractional interests will not be distributed.