Newbridge Acquisition (NBRGU) director reports 1,038,750 Class B shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Newbridge Acquisition Limited director and 10% owner Jining Li filed an initial statement of beneficial ownership. The filing reports 1,038,750 Class B ordinary shares held by Wealth Path Holdings Limited, the sponsor entity over which Li and Yongsheng Liu share voting and investment discretion.
These Class B ordinary shares automatically convert into Class A ordinary shares on a one-for-one basis at the time of Newbridge Acquisition Limited’s initial business combination, or earlier at the holder’s option, subject to adjustments. Li may be deemed a beneficial owner through this indirect interest and disclaims ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Li Jining
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 1,038,750 shares (Indirect, See Footnote)
Footnotes (1)
- As described in the registration statement on Form S-1 (File No. 333-289966) of Newbridge Acquisition Limited (the "Issuer") under the heading "Description of Securities--Founder Shares," Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. Represents 1,038,750 Class B ordinary shares held by Wealth Path Holdings Limited (the "Sponsor"), over which Jining Li and Yongsheng Liu jointly have voting and investment discretion. As such, Jining Li and Yongsheng Liu may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Jining Li disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
FAQ
What does Newbridge Acquisition (NBRGU) Form 3 filing disclose?
The Form 3 shows director and 10% owner Jining Li’s indirect interest in 1,038,750 Class B ordinary shares held by Wealth Path Holdings Limited, the sponsor, with shared voting and investment discretion alongside Yongsheng Liu.
What ownership does Jining Li disclaim in the Newbridge (NBRGU) Form 3?
Jining Li disclaims beneficial ownership of the 1,038,750 Class B ordinary shares held by Wealth Path Holdings Limited, except to the extent of his pecuniary interest in those securities under the sponsor structure described.
What roles does Jining Li have at Newbridge Acquisition Ltd (NBRGU)?
The Form 3 identifies Jining Li as both a director and a 10% owner of Newbridge Acquisition Limited. His reported stake arises indirectly through sponsor-held Class B ordinary shares with shared voting and investment discretion.