Director at Newbridge (NASDAQ: NBRGU) holds 20,000 Class B shares
Rhea-AI Filing Summary
Newbridge Acquisition Ltd director Laurent Patrick Andre Michelon filed an initial Form 3 reporting beneficial ownership of 20,000 Class B ordinary shares of the company. These Class B shares are designated as founder shares and will automatically convert into Class A ordinary shares on a one-for-one basis at the time of Newbridge’s initial business combination, or earlier at the holder’s option, subject to specified adjustments.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
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FAQ
What insider position does the Newbridge Acquisition Ltd (NBRGU) Form 3 disclose?
The Form 3 discloses that director Laurent Patrick Andre Michelon beneficially owns 20,000 Class B ordinary shares of Newbridge Acquisition Ltd. These shares are reported as directly owned and represent his initial statement of beneficial ownership as a director.
Is the Newbridge Acquisition Ltd (NBRGU) director’s ownership direct or indirect?
The Form 3 shows the director’s beneficial ownership as direct (D). The reported position is 20,000 Class B ordinary shares, and the filing does not describe any indirect holding entity or separate nature of indirect beneficial ownership for this position.
Does the Newbridge Acquisition Ltd (NBRGU) Form 3 indicate any exercise price or expiry?
The filing treats the Class B ordinary shares as converting into Class A ordinary shares on a one-for-one basis. It does not state a separate exercise price or traditional expiration date, instead tying conversion to the initial business combination or earlier at the holder’s option.