Newbridge Acquisition Limited filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, reporting its first full quarter of operating results following a completed initial public offering.

Key Highlights

  • Trust Account balance: Cash held in Trust Account stood at $58,781,228 as of September 30, 2026, up from $2,700,000 as of December 31, 2025.
  • Net income for Q3 2026: The company reported net income of $339,230 for the three months ended September 30, 2026, compared to a net loss of $63,873 for the same period in 2025.
  • Interest income on trust: Interest income earned on cash held in Trust Account was $495,659 for the three months ended September 30, 2026, and $1,281,228 for the nine months ended September 30, 2026.
  • Shares outstanding: As of November 3, 2026, there were 7,546,250 ordinary shares outstanding, including 6,108,750 Class A ordinary shares and 1,437,500 Class B ordinary shares.
  • Redemption shares: 5,750,000 ordinary shares are subject to possible redemption at a redemption price of $9.50 per share, totaling $54,626,331 on the balance sheet.
  • Total assets: Total assets were $60,282,355 as of September 30, 2026, compared to $4,819,641 as of December 31, 2025.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Newbridge Acquisition Reports First Post-IPO Quarter Results and Trust Account Growth

According to the filing, Newbridge Acquisition Limited (NASDAQ:NBRG), a blank check company incorporated in the British Virgin Islands and headquartered in Wanchai, Hong Kong, reported a significant increase in total assets to $60,282,355 as of September 30, 2026, driven primarily by the cash held in its Trust Account of $58,781,228. The company disclosed that proceeds from its public offering totaled $57,500,000 for the nine months ended September 30, 2026, with $54,800,000 placed into the Trust Account as an investing activity.

The company reported net income of $724,582 for the nine months ended September 30, 2026, compared to a net loss of $152,478 for the same period in 2025. According to the filing, this income was driven by interest earned on the Trust Account, as general and administrative expenses of $556,646 represented the company's only operating costs for the nine-month period. For the three months ended September 30, 2026, general and administrative expenses were $156,429, offset by $495,659 in Trust Account interest income.

The filing disclosed that the company's capital structure includes 358,750 Class A ordinary shares issued and outstanding (excluding the 5,750,000 shares subject to possible redemption) and 1,437,500 Class B ordinary shares as of September 30, 2026. The company also reported proceeds from private placement of $1,862,500, which related to 186,250 Class A ordinary shares underlying private units. A promissory note payable to a related party stood at $2,158,521 as of September 30, 2026, down from $5,414,763 as of December 31, 2025, reflecting a repayment of $3,556,242 during the nine-month period. Total shareholders' equity improved to $3,307,735 as of September 30, 2026, from a deficit of $595,122 as of December 31, 2025.

What Was Disclosed

Newbridge Acquisition Limited filed its quarterly report covering the period ended September 30, 2026, disclosing post-IPO financial results including a Trust Account balance of $58,781,228, net income of $724,582 for the nine-month period, and total assets of $60,282,355.