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Newbury Street II Acquisition Corp(NTWOU) - 2025 Q3 - Quarterly Report
2025-11-14 21:24
IPO and Financial Proceeds - The company completed its Initial Public Offering (IPO) on November 4, 2024, raising gross proceeds of $172,500,000 from the sale of 17,250,000 Public Units at $10.00 each[112]. - The company incurred total fees of $10,113,129 related to the IPO, which included a cash underwriting fee of $3,450,000 and a deferred fee of $6,037,500[120]. Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $1,732,107, primarily from interest earned on marketable securities held in the Trust Account[118]. - As of September 30, 2025, the company had approximately $180,109,893 in marketable securities held in the Trust Account, including $7,609,893 of interest income[122]. - As of September 30, 2025, the company had working capital of $959,617 and cash of $949,601 outside the Trust Account to fund ongoing operations[121]. - The company has not generated any operating revenues to date and has only engaged in organizational activities and evaluating acquisition candidates since its inception[117]. Business Combination and Obligations - The company has until November 4, 2026, to complete a Business Combination, or it will liquidate and redeem Public Shares[115]. - The company has a contractual obligation to pay $10,000 per month for administrative support until the completion of the Business Combination or liquidation[130]. - The company may seek Working Capital Loans from the Sponsor or affiliates to fund working capital deficiencies related to the Business Combination[129]. Shareholder Rights and Equity - The holders of Founder Shares and other securities are entitled to registration rights, allowing them to demand registration for resale up to three times[134]. - The Sponsor, directors, and officers waived their rights to liquidating distributions from the Trust Account for Founder Shares if the initial Business Combination is not completed within the Combination Period[135]. - Class A Ordinary Shares subject to possible redemption are classified as temporary equity and presented at redemption value outside of shareholders' equity[139]. - Net income (loss) per Ordinary Share is calculated using the two-class method, allocating net income (loss) pro rata to different classes of shares[140]. Regulatory and Reporting Requirements - The company expects to incur increased expenses due to being a public company, including legal and financial reporting costs[117]. - Recent accounting standards require public entities to disclose significant segment expenses and other segment items regularly provided to the Chief Operating Decision Maker (CODM)[141].
Newbury Street II Acquisition Corp(NTWOU) - 2025 Q2 - Quarterly Report
2025-08-13 21:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-42391 Newbury Street II Acquisition Corp (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1797287 | ...
Newbury Street II Acquisition Corp(NTWOU) - 2025 Q1 - Quarterly Report
2025-05-15 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-42391 Newbury Street II Acquisition Corp (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1797287 | ...
Newbury Street II Acquisition Corp(NTWOU) - 2024 Q4 - Annual Report
2025-03-31 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) Registrant's telephone number, including area code: (617) 334-2805 Securities registered pursuant to Section 12(b) of the Act: | | | Name of each exchange on | | --- | --- | --- | | Title of each class | Trading Symbol(s) | which registered | | Units, each consisting of one Class A | NTWOU | The Nasdaq Stock Market LLC | | Ordinary Share and one-half of one | | | | Redeemable Warrant | | | | Class A Ordinary Shares, ...
Newbury Street II Acquisition Corp(NTWOU) - 2024 Q3 - Quarterly Report
2024-12-16 22:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-42391 Newbury Street II Acquisition Corp (Exact Name of Registrant as Specified in its Charter) | --- | --- | |------------------------ ...