Director Choi Kinpui reports 20,000 founder shares in Newbridge (NBRGU)
Filing Impact
Filing Sentiment
Form Type
3
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 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
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.