Newbridge Acquisition, a blank check company targeting small-cap businesses across a range of industries, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
The Hong Kong-based company plans to raise $50 million by offering 5 million units at $10. Each unit consists of one share of common stock and one right to receive one-eighth of a share upon the completion of an initial business combination.
Newbridge Acquisition is led by CEO and Chairman Yongsheng Liu, the former CEO of Royal China Holdings. Liu also has prior blank check experience. The SPAC plans to target small-cap companies in North America, Europe, and/or the Asia Pacific regions, focusing on areas such as green and sustainable business, new energy, cutting-edge technologies, AI applications, business software, and healthcare products.
Newbridge Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol NBRGU. The company filed confidentially on May 9, 2025. Kingswood Capital Markets is the sole bookrunner on the deal.
