Goldenbridge Acquisition Limited

Goldenbridge Acquisition Limited

GBRG
Goldenbridge Acquisition LimitedUS flagNASDAQ Capital Market
6.11
USD
-0.97
- -
21.76MMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Yongsheng Liu
Full Time Employees
3
Sector
Financial Services
Industry
Shell Companies
Address
Aubin House Wan Chai Hong Kong
IPO Date
Apr 16, 2021
Business
Goldenbridge Acquisition Limited Goldenbridge Acquisition Limited (NASDAQ:GBRG), a blank check company formed in 2020 and headquartered in Wan Chai, Hong Kong, focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses, primarily targeting artificial intelligence, technology innovation, healthcare technology, renewable energy, and related sectors; it raised $57.5 million in its March 2021 initial public offering through 5.75 million units priced at $10 each, with proceeds held in trust for deployment post-combination. The company, incorporated in the Cayman Islands with operations spanning global markets but emphasizing Asia, previously pursued targets in automotive services before a terminated deal with AgiiPlus in May 2022. In May 2022, Goldenbridge Acquisition Limited announced a definitive merger agreement with Auto Services Group Limited (SunCar), a Shanghai-based provider of digitalized automotive after-sales services and online auto insurance intermediation; the deal, valued at an estimated pro-forma enterprise value of $858 million, received shareholder approval on April 14, 2023, and closed on May 17, 2023, after which the combined entity rebranded as SunCar Technology Group Inc. SunCar Technology Group Inc., trading on Nasdaq under tickers SDA and SDAWW, while Goldenbridge's legacy shell persists with minimal operations, low market capitalization around $22 million, and no significant revenue as of recent filings.