Newbridge Acquisition Limited (NBRGU) Prices $50M IPO
Newbridge Acquisition Limited (NASDAQ:NBRGU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NBRGU”, Friday, Thursday, January 29, 2025.
The new SPAC intends to mount a broad search for a target company that will not be limited to a particular industry or geographic region.
Newbridge Acquisition Limited is to be led by Chief Executive Officer and Chairman Yongsheng Liu and Chief Financial Officer Zhen Li. Jining Li, Russelle Kinpui Choi, Angela Lee and Laurent Patric Andre Michelon will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 22. This offering is expected to close on Monday, February 2, 2025.
Kingswood Capital Partners, LLC is acting as the sole book running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Greenberg Traurig, LLP serving as Underwriter’s Counsel. Enrome LLP serves as auditor. Equiniti Trust Company, LLC is acting as trustee.
