Wealth Path adds 186,250 units in Newbridge Acquisition (NBRGU)
Rhea-AI Filing Summary
Wealth Path Holdings Ltd, a 10% owner of Newbridge Acquisition Ltd, reported buying 186,250 private units on February 2, 2026. Each unit includes one Class A ordinary share and one right, at $10 per unit, for a total of $1,862,500.
These units represent 186,250 Class A ordinary shares and 186,250 rights, with each right automatically converting into one-eighth of a Class A ordinary share upon completion of Newbridge’s initial business combination, supporting potential issuance of up to 23,281 additional Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Rights to receive Class A ordinary shares | 186,250 | $0.00 | -- |
| Purchase | Class A Ordinary Shares, no par value | 186,250 | $0.00 | -- |
Footnotes (1)
- Reflects the 186,250 private units owned by Wealth Path Holdings Limited, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one right. The private units were purchased at $10 per unit for an aggregate purchase price of $1,862,500. Messrs. Yongsheng Liu and Jining Li jointly have voting and investment discretion with respect to the securities held of record by the sponsor. Messrs. Yongsheng Liu and Jining Li disclaim any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of their pecuniary interest therein. Each right converts automatically into one-eighth of one Class A ordinary share upon the consummation of an initial business combination of the Issuer.
FAQ
What insider transaction did Wealth Path report for Newbridge Acquisition Ltd (NBRGU)?
Wealth Path Holdings Ltd reported purchasing 186,250 private units of Newbridge Acquisition Ltd on February 2, 2026. Each unit contains one Class A ordinary share and one right, for a total cash outlay of $1,862,500 at $10 per unit.
What do the private units in Newbridge Acquisition Ltd (NBRGU) consist of?
The 186,250 private units held by Wealth Path each consist of one Class A ordinary share and one right. In total, they represent 186,250 Class A shares and 186,250 rights linked to additional share issuance.
What was the total dollar amount Wealth Path invested in Newbridge Acquisition Ltd (NBRGU) units?
Wealth Path invested an aggregate of $1,862,500 in Newbridge private units. The filing states the 186,250 private units were purchased at $10 per unit, reflecting sponsor-level participation in the SPAC’s equity and associated rights.
Who controls voting and investment decisions for Newbridge Acquisition Ltd (NBRGU) securities held by Wealth Path?
The filing explains that Yongsheng Liu and Jining Li jointly have voting and investment discretion over securities held by Wealth Path. They each disclaim beneficial ownership, except to the extent of any pecuniary interest they may have in those holdings.
How many Newbridge Acquisition Ltd (NBRGU) securities does Wealth Path beneficially own after this transaction?
After the reported transaction, Wealth Path beneficially owns 186,250 Class A ordinary shares and 186,250 rights to receive Class A ordinary shares, all held directly as the issuer’s sponsor through its private unit investment.