Highbridge Capital Management filed a Schedule 13G reporting ownership of Class A Ordinary Shares of Newbridge Acquisition Ltd. The filing states Highbridge beneficially owns 530,990 shares, representing 8.7% of the Class A Ordinary Shares based on March 23, 2026 outstanding shares. The shares are held by Highbridge funds, and Highbridge Tactical Credit Master Fund, L.P. is identified as holding more than 5% of the class. The statement is signed by an authorized Executive Director on May 15, 2026.
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Insights
Filing documents a passive >5% holding by Highbridge funds in NBRG.
Highbridge reports beneficial ownership of 530,990 shares, equal to 8.7% based on an issuer-reported outstanding base of 6,108,750 shares as of March 23, 2026. The filing is in Schedule 13G form, indicating a passive investor status rather than an active acquiring intent.
Cash-flow treatment and disposition plans are not described in the excerpt; subsequent filings would show any change from passive status. Regulatory compliance items appear addressed by the cover-page disclosures and signature.
Disclosure attributes voting and dispositive powers to Highbridge consistent with fund holdings.
The cover-page fields list sole voting power and sole dispositive power as 530,990 shares. The filing names the Highbridge Funds as record holders and identifies a specific fund with >5% interest: Highbridge Tactical Credit Master Fund, L.P.
Investors can treat this as a passive, reportable stake; any move to active engagement would typically require an update to a different reporting form.
Key Figures
Beneficial ownership:530,990 sharesPercent of class:8.7%Shares outstanding used:6,108,750 shares
3 metrics
Beneficial ownership530,990 sharesreported holdings by Highbridge
Percent of class8.7%percent of Class A Ordinary Shares
Shares outstanding used6,108,750 sharesoutstanding as of <date>March 23, 2026</date>
Key Terms
Schedule 13G, beneficial ownership, sole dispositive power
3 terms
Schedule 13Gregulatory
"This statement is filed by Highbridge Capital Management, LLC... (Schedule 13G context)"
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.
beneficial ownershipregulatory
"Amount beneficially owned: The information required by Item 4(a)..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole dispositive powerfinancial
"Sole Dispositive Power 530,990.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Newbridge Acquisition Ltd
(Name of Issuer)
Class A Ordinary Shares, no par value
(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
Highbridge Capital 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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
530,990.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
530,990.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
530,990.00
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)
8.7 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Newbridge Acquisition Ltd
(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:
This statement is filed by Highbridge Capital Management, LLC ("Highbridge" or the "Reporting Person"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Highbridge Funds"), with respect to the Class A ordinary shares, no par value ("Class A Ordinary Shares") of Newbridge Acquisition Ltd, a British Virgin Islands business company (the "Issuer"), directly held by the Highbridge Funds;
The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of the Reporting Person is 390 Madison Avenue, 28th Floor, New York, NY 10017.
(c)
Citizenship:
Highbridge is a Delaware limited liability company.
(d)
Title of class of securities:
Class A Ordinary Shares, no par value
(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:
The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 6,108,750.00 Class A Ordinary Shares outstanding as of March 23, 2026, as reported in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 23, 2026.
(b)
Percent of class:
8.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference.
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.
See Item 2(a). The Highbridge Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Class A Ordinary Shares reported herein. Highbridge Tactical Credit Master Fund, L.P., a Highbridge Fund, has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of more than 5% of the outstanding Class A Ordinary Shares.
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.
What stake does Highbridge report in Newbridge Acquisition Ltd (NBRG)?
Highbridge reports beneficial ownership of 530,990 shares, representing 8.7% of Class A Ordinary Shares as of March 23, 2026. The position is held by Highbridge-managed funds and disclosed on Schedule 13G.
Does the filing indicate active control or passive ownership by Highbridge?
The filing is a Schedule 13G, which indicates a passive investor reporting status rather than an activist or acquiring intent. The statement lists voting and dispositive powers but does not assert an intent to influence control.
Which Highbridge fund holds more than 5% of NBRG shares?
Highbridge Tactical Credit Master Fund, L.P. is identified as having the right to receive dividends or proceeds for more than 5% of the outstanding Class A Ordinary Shares reported in the filing.
What outstanding share count does the filing use to calculate the percentage?
The percentage is calculated using an aggregate of 6,108,750 Class A Ordinary Shares outstanding reported in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025, as filed on March 23, 2026.
