NBST stockholders approve extension to Sept 25, 2024; 908K shares redeemed

Newbury Street Acquisition Corp

Extension approved by 4,786,330 votes for, 38,316 against; quorum 82.4% of outstanding shares.
908,496 shares redeemed at ~$10.66 per share, totaling ~$9.68M removed from trust account.
Following redemptions, 1,131,074 Public Shares remain in trust.
Infinite Reality to contribute lesser of $50K/month or $0.03 per public share monthly to trust during extension.
New deadline for business combination extended from March 25 to September 25, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Newbury Street Acquisition Corp: Amended Second Amended and Restated Certificate of Incorporation to extend the deadline for consummating a business combination from March 25, 2024 to September 25, 2024 (effective 2024-03-20).

Change: charter amendment
Effective: 2024-03-20

Exact text from the filing

On March 20, 2024, the Company filed an amendment to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Charter Amendment”) to extend the date by which the Company has to consummate a business combination to from March 25, 2024 to September 25, 2024.

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Source: SEC EDGAR

accession 0001213900-24-025609

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