secwatch.observer — SEC 8-K summary
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Issuer:     Newbury Street II Acquisition Corp (NTWO)
CIK:        0002028027
Form:       8-K
Filed at:   2026-10-22T12:30:17+00:00
Accession:  0001185185-26-004909
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028027/000118518526004909/0001185185-26-004909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028027/000118518526004909/ntwo28k425102126.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004909

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