{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-017114","form_type":"8-K","ticker":null,"cik":"0001831978","company_name":"Newbury Street Acquisition Corp","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.825958+00:00","generated_at":"2026-06-05T12:47:15.436882+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Newbury Street Acquisition amends merger deal with Infinite Reality; sets financial delivery deadlines","bullets":["Target must file registration statement with audited 2022/2023 financials by May 14, 2024 and Q1 2024 unaudited by June 21, 2024.","If target fails any deadline, Purchaser may terminate after a 45-day cure period.","Termination fee of $4.5M (cash or stock at $1.25B valuation) payable to Purchaser; aggregate cap of $8M.","Monthly Extension Fee definition updated; all past extension fees confirmed paid in full.","Upon failure, certain target covenants cease and Sponsor Letter Agreement terminates."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-017114","json":"https://secwatch.observer/filing/0001213900-24-017114.json","markdown":"https://secwatch.observer/filing/0001213900-24-017114.md","text":"https://secwatch.observer/filing/0001213900-24-017114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831978/000121390024017114/0001213900-24-017114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831978/000121390024017114/ea0200734-8k425_newbury.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T12:47:15.436882+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ecb2878689fd7c0ee029aacb667e3c6308af359b","claim":"Newbury Street Acquisition Corp amended Third Merger Amendment with Infinite Reality, Inc. (effective 2024-02-26).","evidence_excerpt":"On February 26, 2024, the Purchaser, Pubco, Purchaser Merger Sub, Company Merger Sub and the Target entered into a third amendment to the Original Merger Agreement (the \"Third Merger Amendment\"","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831978/000121390024017114/0001213900-24-017114-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Infinite Reality, Inc."},{"label":"Effective","value":"2024-02-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}