Noticias y eventos de Newbridge Acquisition Ltd (NBRG)NBRGNewbridge Acquisition Ltd

Newbridge Acquisition Executes Business Combination Agreement with Startech Group

Newbridge Acquisition announced the execution of the business combination agreement with Startech Group. Pursuant to the business combination agreement, at least one business day prior to the closing date of the business combination, the company will continue out of the British Virgin Islands and into the State of Delaware so as to re-domicile as and become a Delaware corporation by way of continuation, Newbridge Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the company, will be merged with and into Startech, resulting in Startech being a wholly owned subsidiary of the domesticated company. Upon the closing of the transaction, the parties plan to remain Nasdaq-listed under a new ticker symbol. Under the terms of the business combination agreement, Merger Sub, the company's wholly owned subsidiary, will be merged with and into Startech, resulting in Startech being a wholly owned subsidiary of the domesticated company. At the effective time of the Transaction, Startech's stockholders and management will receive 100,000,000 common stock of the domesticated company. The shares held by certain Startech's stockholders will be subject to lock-up agreements for a period of six months following the closing of the Transaction, subject to certain exceptions. The transaction, which has been unanimously approved by the boards of directors of both the company and Startech, is subject to regulatory approvals, the approvals by the shareholders of the company and Startech, respectively, and the satisfaction of certain other customary closing conditions, including, among others, a registration statement, of which the proxy statement/prospectus forms a part, being declared effective by the SEC, and the approval by Nasdaq of the listing application of the combined company.