Newbury Street II SPAC Files S-1/A Amendment

TL;DR

SPAC Newbury Street II filed an S-1/A. Looks like they're still aiming for a deal.

AI Summary

Newbury Street II Acquisition Corp. filed an S-1/A amendment on October 24, 2024, for its registration statement (No. 333-281456). The company, incorporated in the Cayman Islands, is a blank check company focused on real estate and construction. Its principal executive offices are located at 121 High Street, Boston, MA.

Why It Matters

This filing indicates Newbury Street II Acquisition Corp. is moving forward with its plans as a special purpose acquisition company, potentially leading to a future business combination.

Risk Assessment

Risk Level: medium — As a blank check company, its success is entirely dependent on identifying and completing a suitable acquisition, which carries inherent risks.

Key Numbers

• 333-281456 — SEC File Number (Identifies this specific registration)
• 6770 — SIC Code (Indicates industry focus (Blank Checks))

Key Players & Entities

• Newbury Street II Acquisition Corp (company) — Registrant
• 333-281456 (dollar_amount) — SEC File Number
• October 24, 2024 (date) — Filing Date
• Thomas Bushey (person) — Chief Executive Officer
• 121 High Street, Floor 3, Boston, MA 02110 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $150,000,000 — BER 23, 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

• ea0209761-06.htm (S-1/A) — 4149KB
• ea020976106ex1-1_newbury2.htm (EX-1.1) — 232KB
• ea020976106ex3-2_newbury2.htm (EX-3.2) — 321KB
• ea020976106ex5-1_newbury2.htm (EX-5.1) — 13KB
• ea020976106ex5-2_newbury2.htm (EX-5.2) — 57KB
• ea020976106ex10-2_newbury2.htm (EX-10.2) — 47KB
• ea020976106ex10-3_newbury2.htm (EX-10.3) — 93KB
• ea020976106ex23-1_newbury2.htm (EX-23.1) — 2KB
• ex5-1_001.jpg (GRAPHIC) — 2KB
• ex5-2_001.jpg (GRAPHIC) — 2KB
• 0001213900-24-090011.txt ( ) — 4920KB

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