[Form 4] Newbridge Acquisition Ltd Insider Trading Activity
Rhea-AI Filing Summary
Newbridge Acquisition Ltd director and 10% owner Jining Li reported indirect beneficial ownership tied to 186,250 private units of the company held by its sponsor, Wealth Path Holdings Limited. Each private unit consists of one Class A ordinary share and one right and was purchased at $10 per unit, for an aggregate purchase price of $1,862,500.
The filing shows indirect holdings of 186,250 Class A ordinary shares and 186,250 rights, all held through the sponsor. Each right automatically converts into one-eighth of one Class A ordinary share upon consummation of the issuer’s initial business combination. Li may be deemed a beneficial owner due to shared voting and investment discretion, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
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. Jining Li and Yongsheng Liu jointly have voting and investment discretion with respect to the securities held of record by the sponsor. As such, Messrs. Jining Li and Yongsheng Liu may be deemed to have beneficial ownership of the securities held of record by the sponsor. Mr. Li disclaims any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of his 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.