Newbridge Acquisition Ltd (NASDAQ: NBRG) is a blank check company incorporated in the British Virgin Islands that was formed to identify and complete an initial business combination with one or more target businesses. The company raised capital through an IPO that closed on or around January 29, 2026, with proceeds held in a trust account targeting a per-share redemption value of $10.00. NBRG has disclosed a preference for target businesses in the PRC, with its filing extensively addressing China-specific regulatory risks including CSRC filing requirements under the Trial Measures effective March 31, 2023, RMB foreign exchange controls, and dividend remittance restrictions. The company must complete an initial business combination within a completion window of 15 months, extendable up to 21 months from IPO closing, or face liquidation. The sponsor is Wealth Path Holdings Limited, a BVI entity whose ultimate beneficial owner is director Jining Li. No operating revenue has been generated as of the 10-K filed March 23, 2026.
Blank check SPAC vehicle. Services consist solely of identifying, evaluating, and executing an initial business combination. No products or commercial services are offered as of the 10-K filed March 23, 2026.
No operating revenue. The company holds IPO proceeds in a trust account and earns interest on those funds prior to completing an initial business combination. Revenue generation depends entirely on the post-combination operating business.
No customers in the traditional sense. The company's counterparties are target business owners, shareholders, and public investors. The disclosed target focus includes PRC-based operating companies.
Incorporated in the British Virgin Islands. Listed on Nasdaq. Primary deal target geography disclosed as the PRC, based on extensive regulatory discussion of China-specific risks in the 10-K filed March 23, 2026.
Source: SEC 10-K, filed 2026-03-23
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