secwatch.observer — SEC 8-K summary
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Issuer:     Newbury Street Acquisition Corp (—)
CIK:        0001831978
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001213900-24-025609
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831978/000121390024025609/0001213900-24-025609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831978/000121390024025609/ea0202405-8k_newbury.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025609

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