SPAC: Newbridge Acquisition prices $50 million US IPO, targeting small-cap businesses
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Newbridge Acquisition, a Hong Kong-based SPAC, has priced its US IPO at $50 million, offering 5 million units at $10 each. Each unit includes one share of common stock and a right to receive one-eighth of a share upon completing a business combination. Led by CEO Yongsheng Liu, the SPAC aims to target small-cap companies in North America, Europe, and Asia Pacific, focusing on green businesses, new energy, AI, and healthcare. It plans to list on Nasdaq under the symbol NBRGU, with Kingswood Capital Markets as the sole bookrunner.
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