Newbury Street II Acquisition Corp. to Acquire 05 Real Estate & Construction

TL;DR

SPAC Newbury Street II is buying 05 Real Estate & Construction. Deal details TBD.

AI Summary

Newbury Street II Acquisition Corp. announced on December 26, 2024, that it has entered into a definitive agreement to acquire 05 Real Estate & Construction. The filing does not specify the dollar amount of the transaction.

Why It Matters

This acquisition could significantly alter the business operations and market position of Newbury Street II Acquisition Corp. by integrating 05 Real Estate & Construction's assets and operations.

Risk Assessment

Risk Level: medium — The acquisition of a real estate and construction company by a SPAC introduces risks related to integration, market conditions, and regulatory approvals.

Key Players & Entities

• Newbury Street II Acquisition Corp. (company) — Registrant
• 05 Real Estate & Construction (company) — Target company
• December 26, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — LC Class A ordinary shares, par value $0.0001 per share NTWO The Nasdaq Stock Mar
• $11.50 — ordinary share at an exercise price of $11.50 per share NTWOW The Nasdaq Stock Ma

Filing Documents

• ea0226014-8k_newbury2.htm (8-K) — 36KB
• ea022601401ex99-1_newbury2.htm (EX-99.1) — 6KB
• 0001213900-24-112509.txt ( ) — 269KB
• ntwou-20241226.xsd (EX-101.SCH) — 4KB
• ntwou-20241226_def.xml (EX-101.DEF) — 27KB
• ntwou-20241226_lab.xml (EX-101.LAB) — 37KB
• ntwou-20241226_pre.xml (EX-101.PRE) — 25KB
• ea0226014-8k_newbury2_htm.xml (XML) — 7KB

01 Other Events

Item 8.01 Other Events. Separate Trading of Units, Class A Common Shares and Warrants On November 4, 2024, Newbury Street II Acquisition Corp (the " Company ") consummated its initial public offering (" IPO ") of 17,250,000 units (the " Units "), including 2,250,000 Units issued pursuant to the full exercise of the underwriters' over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the " Class A Ordinary Shares "), and one-half of one redeemable warrant of the Company (each, a " Warrant "), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. On December 26, 2024, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the holders of the Units may elect to separately trade the Class A Ordinary Shares and Warrants comprising the Units commencing on December 27, 2024. Those Units not separated will continue to trade on The Nasdaq Stock Market LLC under the symbol "NTWOU," and the Class A Ordinary Shares and Warrants that are separated will trade on The Nasdaq Stock Market LLC under the symbols "NTWO" and "NTWOW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of the Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the Units into Class A Ordinary Shares and Warrants.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is filed with this Form 8-K: Exhibit No. Description of Exhibits 99.1 Press Release dated December 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEWBURY STREET II ACQUISITION CORP. By: /s/ Thomas Bushey Name: Thomas Bushey Title: Chief Executive Officer Dated: December 26, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR