Newbridge sponsor reports 1,038,750 founder shares
Wealth Path Holdings Ltd, the sponsor of Newbridge Acquisition Ltd, filed an initial ownership report as a 10% owner.
Rhea-AI Filing Summary
Wealth Path Holdings Ltd, the sponsor of Newbridge Acquisition Ltd, filed an initial ownership report as a 10% owner. It reports beneficial ownership of 1,038,750 Class B ordinary shares, purchased for $25,000. These Class B shares automatically convert into Class A shares on a one-for-one basis at Newbridge’s initial business combination, or earlier at the holder’s option, subject to adjustments. The total includes up to 187,500 Class B shares that may be forfeited if the underwriters’ over-allotment option for the IPO is not fully exercised.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. Represents 1,038,750 Class B ordinary shares held by Wealth Path Holdings Limited, the Issuer's sponsor. The 1,038,750 Class B ordinary shares were purchased for $25,000. Includes an aggregate of up to 187,500 Class B ordinary shares that are subject to forfeiture to the extent the over-allotment option is not exercised in full in connection with the Issuer's initial public offering.
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What insider ownership does the Form 3 disclose for Newbridge Acquisition Ltd (NBRGU)?
What role does Wealth Path Holdings Ltd play in Newbridge Acquisition Ltd (NBRGU)?
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