Here are the 10-Q quarterly reports from Newbridge Acquisition Limited Rights (NBRGR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NBRGR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NBRGR filings page.
Newbridge Acquisition Ltd (NBRG) reported third-quarter net income of $339,230, compared with a $63,873 loss a year earlier; nine-month net income was $724,582 versus a $152,478 loss. The quarter included $495,659 of trust-account interest income and $156,429 of general and administrative expenses. The company has not generated operating revenue.
Under its August 3, 2026 agreement, Startech Group Inc. equityholders would receive common shares calculated by dividing $1.0 billion by $10.00 in exchange for all Startech equity on a fully diluted basis. Newbridge Merger Sub would merge into Startech after Newbridge continues as a Delaware corporation; Startech would become a wholly owned subsidiary and the parent would be renamed Startech Inc. Completion is subject to shareholder approvals, registration-statement effectiveness, conditional listing approval and other closing conditions.
At September 30, 2026, the Trust Account held $58,781,228. The company had a $847,162 working capital deficit and used $556,646 in operating cash during the first nine months. Management said that mandatory liquidation if no business combination is completed raises substantial doubt about the company’s ability to continue as a going concern.
Newbridge Acquisition Limited is a SPAC that completed its IPO on February 2, 2026, selling 5,750,000 units at $10.00 each for gross proceeds of $57.5 million. As of June 30, 2026, total assets were $59.9 million, including $58.3 million of cash and marketable securities held in a Trust Account. There are 5,750,000 Class A ordinary shares classified as subject to redemption at $9.29 per share, totaling $53.4 million.
For the six months ended June 30, 2026, the company reported net income of $385,352, driven by $785,569 of income earned on trust investments, offset by $400,217 of general and administrative expenses. Newbridge had a working capital deficit of $690,733 and owed its sponsor $2,208,521 under a non‑interest‑bearing promissory note. Management disclosed substantial doubt about the company’s ability to continue as a going concern because it has only 15 months from the IPO closing (extendable to 21 months) to complete a business combination or liquidate. On August 3, 2026, Newbridge entered into a Business Combination Agreement to merge with Startech Group Inc., under which Startech equityholders would receive shares valued at $1.0 billion at $10.00 per share, subject to shareholder approvals and other customary closing conditions.
Newbridge Acquisition Limited, a SPAC based in the British Virgin Islands, completed its IPO on February 2, 2026, selling 5,750,000 units at $10.00 each plus 186,250 private units, raising gross proceeds of $57.5 million and $1.86 million, respectively. As of March 31, 2026, $57,806,561 was invested in a trust account, while cash outside the trust was $1,846,192 and total assets were $59,652,753.
The company reported Q1 2026 net income of $95,982, driven by $306,561 of interest on trust investments offset by $210,579 of general and administrative expenses. Newbridge has a working capital deficit of $501,095 and $52,163,181 of ordinary shares classified as redeemable. Management discloses substantial doubt about the company’s ability to continue as a going concern if it cannot complete a business combination within 15 months from the IPO closing, extendable up to 21 months.