Newbridge director reports 20,000 founder shares
Newbridge Acquisition Ltd director Choi Kinpui has filed an initial ownership report showing founder shares in the SPAC.
Rhea-AI Filing Summary
Newbridge Acquisition Ltd director Choi Kinpui has filed an initial ownership report showing founder shares in the SPAC. The Form 3 discloses beneficial ownership of 20,000 Class B ordinary shares, held directly. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis at or before Newbridge’s initial business combination, subject to certain adjustments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Choi Kinpui
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 20,000 contracts (Direct)
Footnotes (1)
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Newbridge Acquisition Ltd (NBRGU) Form 3 filing report?
The Form 3 reports director Choi Kinpui’s initial beneficial ownership in Newbridge Acquisition Ltd. It shows 20,000 Class B ordinary shares held directly, which are founder shares that can convert into Class A ordinary shares on a one-for-one basis around the initial business combination.
AI-generated analysis. How Rhea-AI works. Not financial advice.