secwatch.observer — SEC 8-K summary
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Issuer:     Newbury Street II Acquisition Corp (NTWO)
CIK:        0002028027
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001213900-24-096002
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newbury Street II Acquisition Corp completes IPO of 17.25M units, raises $172.5M gross
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- IPO of 17,250,000 units at $10.00/unit, including full exercise of overallotment; gross proceeds $172.5M.
- Private placement of 648,375 units to sponsor & BTIG at $10/unit raised $6.48M.
- Trust account funded with $173.36M ($10.05 per unit) from IPO net proceeds and private placement.
- Cash held outside trust $1.26M; deferred underwriting fee $6.04M; shareholders' deficit $4.56M.
- Company has 24 months from IPO to complete an initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028027/000121390024096002/0001213900-24-096002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028027/000121390024096002/ea0220381-8k_newbury2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-096002

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