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.
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.
Feis Equities LLC and Lawrence M. Feis report a significant ownership position in Newbridge Acquisition Ltd’s Class A ordinary shares. They beneficially own 499,000 shares, equal to 8.68% of the class, based on 5,750,000 shares outstanding as of February 2, 2026.
They report sole voting and dispositive power over all 499,000 shares. They also certify the shares were not acquired, and are not held, for the purpose of changing or influencing control of Newbridge Acquisition Ltd, but as a passive investment.
Newbridge Acquisition Limited completed its initial public offering of 5,750,000 units at $10.00 per unit, raising gross proceeds of $57,500,000. Each unit includes one Class A ordinary share and one right to receive one-eighth of a Class A ordinary share upon a future business combination.
Underwriters fully exercised a 45-day option to buy an additional 750,000 units, and $57,500,000 of IPO and private placement proceeds were placed in a trust account for public shareholders. Simultaneously, the sponsor purchased 186,250 private units at $10.00 per unit, providing an additional $1,862,500. The company also entered into customary SPAC agreements, adopted amended governing documents, and issued press releases announcing the IPO pricing and closing.