secwatch.observer — SEC 8-K summary
======================================

Issuer:     Newbury Street II Acquisition Corp (NTWO)
CIK:        0002028027
Form:       8-K
Filed at:   2026-09-30T21:15:27+00:00
Accession:  0001185185-26-004446
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Newbury Street II files draft S-4 for Fort Robotics deal; FORT valued at $556.6M EV, ticker FROB
--------------------------------------------------------------------------------

- Newbury Street II and Fort Robotics confidentially submitted a draft Form S-4 on Sept 29, 2026; combined company to be named FORT Robotics Holdings, Inc. with Nasdaq ticker FROB.
- Deal values FORT at ~$556.6M enterprise value ($500.0M pre-money equity); expected ~$201M gross proceeds including ~$31M PIPE, ~$182M net cash assuming no redemptions.
- FORT deployed >19,500 units to over 600 customers (Agility Robotics, DoorDash, Zoox, Textron, Google DeepMind); 2025 revenue grew 62% YoY at 66% gross margin, no customer >9% of revenue.
- Newbury Street II engaged Donerail Group (affiliate of then-director William Wyatt) for $350,000 cash plus up to $75,000 expenses; Sponsor to grant ~599,166 Class B founder shares at closing.
- Director William Z. Wyatt resigned Sept 29, 2026 to avoid conflict; he forfeits 40,000 founder shares to be granted to each director at closing. Director Vinciquerra gets 50% of Donerail fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028027/000118518526004446/0001185185-26-004446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028027/000118518526004446/ntwo28k425092826.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004446

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer