Newbridge Acquisition Limited Unit

Newbridge Acquisition Limited Unit (NBRGU), a blank check company, reported a net loss of $221K for FY2025 ended December 31, 2025, up from $141K in FY2024, driven solely by formation and operating costs with no revenue generated. Total assets stood at $4.8M, comprising $1.8M cash, $2.7M cash and marketable securities held in trust, and $295K deferred offering costs. Liabilities totaled $5.4M, primarily from a related party promissory note, resulting in a shareholders' deficit of $595K and accumulated deficit of $620K. Cash flows reflected $221K used in operations, $2.7M used in investing for trust deposit, and $4.7M provided by financing, yielding a $1.8M net increase in cash. Basic and diluted net loss per ordinary share was $0.00 on 1.6M weighted average shares. Post-period, on February 2, 2026, the company completed its IPO of 5.75M units at $10.00, raising $57.5M gross proceeds deposited into trust, positioning it to pursue an initial business combination within 15-21 months. Management highlights going concern doubts due to working capital deficit of $3.6M and ongoing public company costs, reliant on sponsor loans and potential business combination.

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