Recent Updates — NBRG
Newbridge Acquisition Limited (NBRG) entered into a Business Combination Agreement with Startech Group Inc., an AI technology company operating in functional water and the StarOS platform. Under the agreement, NBRG will re-domicile from the British Virgin Islands to Delaware and merge its subsidiary into Startech, resulting in Startech becoming a wholly owned subsidiary of the combined entity, which will be renamed Startech Inc. Startech equityholders will receive an aggregate 100,000,000 shares of common stock, valued at $1 billion based on a $10.00 per share reference price. The transaction requires shareholder and regulatory approvals, with an outside date of November 2, 2027. Newbridge Acquisition Limited is a blank check company formed for the purpose of effecting a merger, share exchange, or other business combination.