secwatch.observer — SEC 8-K summary
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Issuer:     Newbury Street Acquisition Corp (—)
CIK:        0001831978
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001213900-23-078873
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newbury Street Acquisition shareholders approve extension to March 25, 2024; ~$31.9M redeemed
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- Shareholders voted to extend business combination deadline from Sep 25, 2023 to Mar 25, 2024.
- Holders of 3,060,282 shares redeemed at ~$10.41/share, aggregate ~$31.9M removed from trust.
- After redemptions, Company has 2,039,570 Public Shares remaining.
- Infinite Reality to contribute up to $62,500/month to trust during extension period.
- Charter amendment filed to effect extension.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831978/000121390023078873/0001213900-23-078873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831978/000121390023078873/ea185654-8k_newbury.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-078873

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