Newbury Street Acquisition Corp: Nasdaq/NYSE listing notice — Newbury Street Acquisition receives Nasdaq delisting notice for missing business combination deadline

Newbury Street Acquisition Corp

Nasdaq notified NBST on March 26, 2024 of non-compliance with Listing Rule IM-5101-2 requiring SPAC completion within 36 months.
Registration statement effective March 22, 2021; business combination required by March 22, 2024 but not completed.
Company intends to request a hearing before a Nasdaq Hearings Panel to stay any suspension or delisting.
Failure to comply will result in Staff Delisting Determination under Rule 5810 if hearing not requested or unsuccessful.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Newbury Street Acquisition Corp received a nasdaq deficiency notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: deficiency notice
Rules: IM-5101-2

Exact text from the filing

March 26, 2024, Newbury Street Acquisition Corporation (the “Company”) received a notice (the “Nasdaq Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Listing Rule IM-5101-2 (the “Rule”), which requires that a special purpose acquisition company (“SPAC”) complete one or more business combinations within 36 months of the effectiveness of the registration statement filed in connection with its initial public offering. Since the Company’s registration statement became effective on March 22, 2021, it w

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Source: SEC EDGAR

accession 0001213900-24-028012

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