---
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"
generated_at: "2026-06-05T12:47:15.436882+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Newbury Street Acquisition amends merger deal with Infinite Reality; sets financial delivery deadlines

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-017114
- form_type: 8-K
- cik: 0001831978
- company_name: Newbury Street Acquisition Corp
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-017114
- JSON: https://secwatch.observer/filing/0001213900-24-017114.json
- Plain text: https://secwatch.observer/filing/0001213900-24-017114.txt

## Key facts
- Material Agreements
  Newbury Street Acquisition Corp amended Third Merger Amendment with Infinite Reality, Inc. (effective 2024-02-26).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Infinite Reality, Inc.
  - Effective: 2024-02-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1831978/000121390024017114/0001213900-24-017114-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.