NBRG · Newbridge Acquisition Ltd · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company's ability to continue as a going concern. Therefore, management has determined that such additional condition raise substantial doubt about the Company's ability to continue as a going concern until the earlier of the consummation of the Business Combination or the date the Company is required to liquidate.”View the 10-Q filed Aug 7, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-02-02 | Li Jining |
Director, 10% Owner |
Buy↑
Filing footnotes — Class A Ordinary Shares, no par value (Indirect)
Reflects the 186,250 private units owned by Wealth Path Holdings Limited, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one right. The private units were purchased at $10 per unit for an aggregate purchase price of $1,862,500. Messrs. Jining Li and Yongsheng Liu jointly have voting and investment discretion with respect to the securities held of record by the sponsor. As such, Messrs. Jining Li and Yongsheng Liu may be deemed to have beneficial ownership of the securities held of record by the sponsor. Mr. Li disclaims any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of his pecuniary interest therein. |
Class A Ordinary Shares, no par value
(I)
|
186,250 |
| 2026-02-02 | Liu Yongsheng |
Director, Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Rights to receive Class A ordinary shares (Indirect)
Each right converts automatically into one-eighth of one Class A ordinary share upon the consummation of an initial business combination of the Issuer. Reflects the 186,250 private units owned by Wealth Path Holdings Limited, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one right. The private units were purchased at $10 per unit for an aggregate purchase price of $1,862,500. Messrs. Yongsheng Liu and Jining Li jointly have voting and investment discretion with respect to the securities held of record by the sponsor. As such, Messrs. Jining Li and Yongsheng Liu may be deemed to have beneficial ownership of the securities held of record by the sponsor. Mr. Liu disclaims any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of his pecuniary interest therein. |
Rights to receive Class A ordinary shares
(I)
|
186,250 |
| 2026-02-02 | Wealth Path Holdings Ltd |
10% Owner |
Buy↑
Filing footnotes — Class A Ordinary Shares, no par value (Direct)
Reflects the 186,250 private units owned by Wealth Path Holdings Limited, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one right. The private units were purchased at $10 per unit for an aggregate purchase price of $1,862,500. Messrs. Yongsheng Liu and Jining Li jointly have voting and investment discretion with respect to the securities held of record by the sponsor. Messrs. Yongsheng Liu and Jining Li disclaim any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of their pecuniary interest therein. |
Class A Ordinary Shares, no par value
|
186,250 |
| 2026-02-02 | Li Jining |
Director, 10% Owner |
Buy↑
Filing footnotes — Rights to receive Class A ordinary shares (Indirect)
Each right converts automatically into one-eighth of one Class A ordinary share upon the consummation of an initial business combination of the Issuer. Reflects the 186,250 private units owned by Wealth Path Holdings Limited, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one right. The private units were purchased at $10 per unit for an aggregate purchase price of $1,862,500. Messrs. Jining Li and Yongsheng Liu jointly have voting and investment discretion with respect to the securities held of record by the sponsor. As such, Messrs. Jining Li and Yongsheng Liu may be deemed to have beneficial ownership of the securities held of record by the sponsor. Mr. Li disclaims any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of his pecuniary interest therein. |
Rights to receive Class A ordinary shares
(I)
|
186,250 |
| 2026-02-02 | Liu Yongsheng |
Director, Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Class A Ordinary Shares, no par value (Indirect)
Reflects the 186,250 private units owned by Wealth Path Holdings Limited, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one right. The private units were purchased at $10 per unit for an aggregate purchase price of $1,862,500. Messrs. Yongsheng Liu and Jining Li jointly have voting and investment discretion with respect to the securities held of record by the sponsor. As such, Messrs. Jining Li and Yongsheng Liu may be deemed to have beneficial ownership of the securities held of record by the sponsor. Mr. Liu disclaims any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of his pecuniary interest therein. |
Class A Ordinary Shares, no par value
(I)
|
186,250 |
| 2026-02-02 | Wealth Path Holdings Ltd |
10% Owner |
Buy↑
Filing footnotes — Rights to receive Class A ordinary shares (Direct)
Each right converts automatically into one-eighth of one Class A ordinary share upon the consummation of an initial business combination of the Issuer. Reflects the 186,250 private units owned by Wealth Path Holdings Limited, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one right. The private units were purchased at $10 per unit for an aggregate purchase price of $1,862,500. Messrs. Yongsheng Liu and Jining Li jointly have voting and investment discretion with respect to the securities held of record by the sponsor. Messrs. Yongsheng Liu and Jining Li disclaim any beneficial ownership of the securities held by Wealth Path Holdings Limited, except to the extent of their pecuniary interest therein. |
Rights to receive Class A ordinary shares
|
186,250 |