Newbury Street II SPAC Files S-1/A Amendment

TL;DR

Newbury Street II SPAC filed an S-1/A. Looks like they're still working on it.

AI Summary

Newbury Street II Acquisition Corp filed an S-1/A amendment on October 8, 2024, for its registration statement. The company, incorporated in the Cayman Islands, is a blank check company with its principal executive offices located at 121 High Street, Boston, MA. Thomas Bushey is listed as the Chief Executive Officer.

Why It Matters

This filing indicates progress in the SPAC's regulatory process, potentially moving it closer to a business combination or IPO event.

Risk Assessment

Risk Level: medium — SPACs inherently carry higher risk due to their speculative nature and reliance on finding a suitable acquisition target.

Key Numbers

• 333-281456 — SEC File Number (Identifies the specific registration filing with the SEC.)
• 20241008 — Filing Date (Indicates when this amendment was submitted to the SEC.)

Key Players & Entities

• Newbury Street II Acquisition Corp (company) — Registrant
• October 8, 2024 (date) — Filing Date
• Cayman Islands (jurisdiction) — Place of Incorporation
• Thomas Bushey (person) — Chief Executive Officer
• 121 High Street, Floor 3, Boston, MA 02110 (address) — Principal Executive Offices
• 333-281456 (registration_number) — SEC File Number

FAQ

Key Financial Figures

• $150,000,000 — BER 7 , 2024 PRELIMINARY PROSPECTUS $150,000,000 Newbury Street II Acquisition Co
• $10.00 — ies. Each unit has an offering price of $10.00 and consists of one Class A ordi
• $0.0001 — lass A ordinary share, par value $0.0001 per share and one -half of one redeemab
• $11.50 — s A ordinary share at a price of $11.50 per share, subject to adjustment as pro
• $25,000 — purchased 5,750,000 founder shares for $25,000 (or approximately $0.004 per share) and
• $0.004 — er shares for $25,000 (or approximately $0.004 per share) and subsequently received an
• $10,000 — te of our sponsor in an amount equal to $10,000 per month for office space, utilities a
• $300,000 — n of this offering, we will repay up to $300,000 in loans made to us by our sponsor to c
• $1,500,000 — our initial business combination, up to $1,500,000 of such loans may be convertible into p
• $100,000 — shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses
• $5,950,000 — rwriter) at a price of $10.00 per unit ($5,950,000 in the aggregate, or $6,483,750 in the
• $6,483,750 — r unit ($5,950,000 in the aggregate, or $6,483,750 in the aggregate if the over -allotment
• $4,525,000 — nits for an aggregate purchase price of $4,525,000 (or 484,500 private placement units for
• $4,845,000 — nits for an aggregate purchase price of $4,845,000 if the underwriter exercises the over -
• $1,425,000 — nits for an aggregate purchase price of $1,425,000 (or 163,875 private placement units for

Filing Documents

• ea0209761-04.htm (S-1/A) — 4121KB
• ea020976104ex1-1_newbury2.htm (EX-1.1) — 233KB
• ea020976104ex10-2_newbury2.htm (EX-10.2) — 50KB
• ea020976104ex10-3_newbury2.htm (EX-10.3) — 92KB
• ea020976104ex23-1_newbury2.htm (EX-23.1) — 2KB
• 0001213900-24-085986.txt ( ) — 4500KB

Underwriting

Underwriting Discounts and Commissions (1)   Proceeds, Before Expenses, to Us Per Unit   $ 10.00   $ 0.55   $ 9.45 Total   $ 150,000,000   $ 8,250,000   $ 141,750,000 ____________ (1)        Includes up to $0.35 per unit, or up to $5,250,000 (or up to $6,037,500 if the underwriter’s overallotment option is exercised in full), payable to the underwriter for deferred underwriting discounts and commissions to be placed in a trust account located in the United States as described herein and released to BTIG, LLC (“BTIG”) only upon the completion of an initial business combination, as described in this prospectus. The underwriter has received and will receive compensation in addition to the underwriting discount, including 100,000 ordinary shares, which we refer to herein as the “representative founder shares.” See “ Underwriting ” for further information relating to the underwriting compensation and other items of value payable to the underwriter.   Table of Contents Of the proceeds we receive from this offering and the sale of the private placement units described in this prospectus, $150,750,000, or $173,362,500 if the underwriter’s over -allotment option is exercised in full ($10.05 per unit), will be deposited into a U.S. -based trust account maintained with Continental Stock Transfer & Trust Company acting as trustee. Except with respect to interest earned on the funds held in the trust account that may be released to us to pay income taxes, if any, the funds held in the trust account will not be released from the trust account until the earliest to occur of: (1) our completion of an initial business combin

View Full Filing

View this S-1/A filing on SEC EDGAR