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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Class B ordinary shares | -- | -- | -- |
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.
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What does the Newbridge Acquisition Ltd (NBRGU) Form 3 filing report?
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