Wolverine reports 364,829 shares (5.97%) in Newbridge

Newbridge Acquisition Limited ownership disclosure: Wolverine Asset Management, LLC and related holders report shared voting and dispositive power over 364,829 Class A Ordinary Shares, representing 5.97% of the outstanding Class A shares.

Rhea-AI Filing Summary

Newbridge Acquisition Limited ownership disclosure: Wolverine Asset Management, LLC and related holders report shared voting and dispositive power over 364,829 Class A Ordinary Shares, representing 5.97% of the outstanding Class A shares. Shares outstanding were 6,108,750 as of March 23, 2026.

The filing states that Wolverine Holdings, Christopher L. Gust, and Robert R. Bellick each may be deemed beneficial owners of the same 364,829 shares through shared authority as managers and that Wolverine Flagship Fund Trading Limited has rights to dividends or sale proceeds for those shares.

Insights

Corporate Governance Analyst

Holding shows a meaningful passive stake under shared control, typical for an investment adviser structure.

Wolverine Asset Management reports shared voting and dispositive power over 364,829 shares or 5.97% of Newbridge Acquisition Limited, based on March 23, 2026 outstanding shares. The structure names Wolverine Holdings and two managers as related controlling persons.

Key dependencies include the adviser-client arrangement and the fund identified as having dividend/receipt rights. Future filings may clarify whether this position remains passive or changes voting arrangements.

Compliance & SEC Filings Specialist

Schedule 13G disclosure aligns with passive/beneficial-ownership reporting conventions.

The statement attributes beneficial ownership to an adviser and its related entities, citing exact share count and the issuer CUSIP G6464L102. Signatures from the managers and an officer authenticate the filing dated 04/17/2026.

Monitor subsequent amendments or Form 13D if activism or control intentions are declared; until then, the filing reads as a passive disclosure under Schedule 13G rules.

Key Figures

Shares reported beneficially owned: 364,829 shares Percent of class: 5.97% Shares outstanding: 6,108,750 shares +1 more

4 metrics

Shares reported beneficially owned 364,829 shares Amount held with shared voting/dispositive power

Percent of class <percent>5.97%</percent> Calculated using 6,108,750 shares outstanding as of March 23, 2026

Shares outstanding 6,108,750 shares Outstanding Class A shares as of <date>March 23, 2026</date>

Filing execution date 04/17/2026 Signatures dated in the Schedule 13G

Key Terms

beneficially owned, shared dispositive power, Schedule 13G

3 terms

beneficially owned regulatory

"WAM may be deemed the beneficial owner of 5.97% of the Issuer's outstanding"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"Shared Dispositive Power 364,829.00"

Schedule 13G regulatory

"Item 1. (a) Name of issuer: Newbridge Acquisition Limited"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What stake does Wolverine Asset Management report in NBRG?

Wolverine Asset Management reports shared voting and dispositive power over 364,829 shares, equal to 5.97% of Class A Ordinary Shares. The percentage uses an outstanding share base of 6,108,750 as of March 23, 2026.

Who else is listed as having beneficial ownership in the filing for NBRG?

The filing names Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick as persons who may be deemed beneficial owners of the same 364,829 shares through shared managerial authority.

Does the filing indicate control or activist intent by Wolverine in NBRG?

The Schedule 13G lists shared voting and dispositive power and characterizes the interest as beneficial ownership; it does not state activist intent or control actions. The filing is a standard beneficial-ownership disclosure without express control claims.

Which fund is noted as having rights to dividends or proceeds for the NBRG shares?

The filing identifies Wolverine Flagship Fund Trading Limited as a party known to have the right to receive dividends or proceeds from sale of the shares that may be deemed beneficially owned by the adviser.

When was this Schedule 13G for NBRG signed and filed?

The signatures in the filing show execution by reporting persons on 04/17/2026, with the ownership percentages calculated using shares outstanding as of March 23, 2026.

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

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Accepted by SEC EDGAR 04/20/2026 - 03:41 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Newbridge Acquisition Limited

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G6464L102

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G6464L102

1

Names of Reporting Persons

Wolverine Asset Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 364,829.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 364,829.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

364,829.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.97 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): G6464L102

1

Names of Reporting Persons

Wolverine Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 364,829.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 364,829.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

364,829.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.97 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): G6464L102

1

Names of Reporting Persons

Christopher L. Gust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 364,829.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 364,829.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

364,829.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.97 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP Number(s): G6464L102

1

Names of Reporting Persons

Robert R. Bellick

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 364,829.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 364,829.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

364,829.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.97 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Newbridge Acquisition Limited
(b)	Address of issuer's principal executive offices: Unit B 17/F, Success Commercial Building, 245-25, Hennessy Road, Wanchai, Hong Kong
Item 2.
(a)	Name of person filing: Wolverine Asset Management, LLC Wolverine Holdings, LLC Christopher L. Gust Robert R. Bellick
(b)	Address or principal business office or, if none, residence: c/o Wolverine Asset Management, LLC 175 West Jackson Boulevard, Suite 340 Chicago, IL 60604
(c)	Citizenship: Wolverine Asset Management, LLC - Illinois Wolverine Holdings, LLC - Delaware Christopher L. Gust - U.S. Citizen Robert R. Bellick - U.S. Citizen
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP Number(s): G6464L102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Wolverine Asset Management, LLC ("WAM") is an investment adviser and has voting and dispositive power over 364,829 Class A Ordinary Shares of the Issuer. The sole member and manager of WAM is Wolverine Holdings, LLC ("Wolverine Holdings"). Robert R. Bellick and Christopher L. Gust, may be deemed to control Wolverine Holdings in their roles as Managers of Wolverine Holdings. Each of Wolverine Holdings, Mr. Bellick, and Mr. Gust have voting and dispositive power over 364,829 Class A Ordinary Shares of the Issuer.
(b)	Percent of class: WAM may be deemed the beneficial owner of 5.97% of the Issuer's outstanding Class A Ordinary Shares and each of Wolverine Holdings, Mr. Bellick, and Mr. Gust may be deemed the beneficial owner of 5.97% of the Issuer's outstanding Class A Ordinary Shares. Percentages were calculated by dividing the number of shares deemed beneficially owned by each reporting person by 6,108,750 (the number of shares outstanding as of March 23, 2026 according to the Issuer's Form 10-K filed March 23, 2026).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: WAM has shared power to vote or direct the vote of 364,829 Class A Ordinary Shares of the Issuer, and each of Wolverine Holdings, Mr. Bellick, and Mr. Gust has shared power to vote or direct the vote of 364,829 Class A Ordinary Shares of the Issuer, in each case as set forth in Item4(a) above.
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: WAM has shares power to vote or direct the vote of 364,829 Class A Ordinary Shares of the Issuer, and each of Wolverine Holdings, Mr. Bellick, and Mr. Gust has shared power to vote or direct the vote of 364,829 Class A Ordinary Shares of the Issuer, in each case as set forth in Item4(a) above.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Wolverine Flagship Fund Trading Limited is known to have the right to receive the receipt of dividends from, or the proceeds from the sale of, the shares of the Issuer's Ordinary Shares covered by this statement that may be deemed to be beneficially owned by WAM.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wolverine Asset Management, LLC

Signature:	/s/ Kenneth L. Nadel
Name/Title:	Kenneth L. Nadel, Chief Operating Officer
Date:	04/17/2026

Wolverine Holdings, LLC

Signature:	/s/ Christopher L. Gust
Name/Title:	Christopher L. Gust, Manager
Date:	04/17/2026

Christopher L. Gust

Signature:	/s/ Christopher L. Gust
Name/Title:	Christopher L. Gust
Date:	04/17/2026

Robert R. Bellick

Signature:	/s/ Robert R. Bellick
Name/Title:	Robert R. Bellick
Date:	04/17/2026