Shaolin Capital discloses 5.4% Newbridge (NBRGU) stake in 13G filing
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Shaolin Capital Management LLC and David Puritz reported a 5.4% beneficial ownership stake in Newbridge Acquisition Ltd. They hold 330,000 units, each unit consisting of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share.
The reporting persons have shared power to vote and dispose of all 330,000 units, with no sole voting or dispositive power. They certify that the securities were not acquired and are not held for the purpose of changing or influencing control of Newbridge Acquisition Ltd, and the filing is made as a joint Schedule 13G.
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FAQ
What ownership stake in Newbridge Acquisition Ltd (NBRGU) did Shaolin Capital report?
Shaolin Capital Management LLC and David Puritz reported beneficial ownership of 330,000 units, equal to 5.4% of the class. The units consist of Class A ordinary shares and related rights, giving them shared voting and dispositive power over this stake.
What securities of Newbridge Acquisition Ltd (NBRGU) are covered in this Schedule 13G?
The filing covers units of Newbridge Acquisition Ltd. Each unit consists of one Class A ordinary share with no par value and one right entitling the holder to receive one-eighth of one Class A ordinary share, identified by CUSIP G6464L110.
Who are the reporting persons in the Newbridge Acquisition Ltd (NBRGU) Schedule 13G?
The reporting persons are Shaolin Capital Management LLC and David Puritz. Both list Delaware as their citizenship or organization, share identical ownership figures, and file jointly, with shared voting and dispositive power over the same block of units.
How much voting power do the reporting persons have over NBRGU units?
The reporting persons report shared voting power over 330,000 units and no sole voting power. They also report shared dispositive power over the same 330,000 units, reflecting joint control over how these securities are voted and disposed of.
Do Shaolin Capital and David Puritz seek to influence control of Newbridge Acquisition Ltd (NBRGU)?
The reporting persons certify that the securities were not acquired to change or influence control of Newbridge Acquisition Ltd. They state the holdings are not connected with any transaction having that purpose or effect, consistent with a passive Schedule 13G filing.
What is the CUSIP and class title for the Newbridge Acquisition Ltd (NBRGU) securities reported?
The reported securities have CUSIP G6464L110 and are described as units. Each unit includes one Class A ordinary share, with no par value, and one right that entitles the holder to receive one-eighth of one Class A ordinary share in the future.