FORT Robotics adds ~$20M led by Tiger Global; SPAC PIPE commitments with Newbury Street II top $50M

Newbury Street II Acquisition Corp

Tiger Global leads an approximately $10M financing with participation from Mark Cuban Companies, expected to close this week, and adds another $10M to the previously announced common equity PIPE.
October 21 PIPE subscription agreement: 1,000,000 Newbury Street II shares at $10.00 for $10.0M, with up to 313,604 sponsor founder shares and up to 86,957 conversion shares to the investor.
Total committed capital tied to the business combination now exceeds $50 million, up from the initial $31.25M PIPE of 3,125,000 shares at $10.00 per share.
FORT's Trust Layer is deployed on more than 19,500 units across 600+ customers, including Agility Robotics, DoorDash, Zoox, Textron and Google DeepMind.
Combined company to be named FORT Robotics Holdings, Inc., expected to list on Nasdaq under ticker "FROB" at closing, subject to regulatory approvals.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.