Newbury Street Acquisition Corporation
NBSTU
Other OTC12.99
USD
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Newbury Street Acquisition Corporation
NBSTU
(Other OTC)
Recent
price
12.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Newbury Street Acquisition Corporation (NBSTU) operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting technology companies in the consumer internet or media sectors, including sports and entertainment verticals; it holds proceeds from its initial public offering in a trust account pending identification and completion of a target transaction and does not engage in any other operations or generate revenue. The company, incorporated in 2020 and headquartered in Boston, Massachusetts, trades its units over-the-counter following delisting from Nasdaq; it functions as a subsidiary of Newbury Street Acquisition Sponsor LLC. In recent developments, Newbury Street terminated its proposed business combination with Infinite Reality, Inc., originally announced in December 2022 and valued at an enterprise value of approximately $1.85 billion for the combined entity, with Infinite Reality agreeing to pay a $7 million termination fee and later settling a related dispute for $5.25 million in installments through September 2025; shareholders approved multiple deadline extensions, most recently to March 25, 2025, with approximately 504,543 shares redeemed removing $5.7 million from trust, positioning the company to either complete a new transaction or face liquidation thereafter.
Newbury Street Acquisition Corporation Announces the Separate Trading of its Common Stock and Warrants, Commencing April 16, 2021
Newbury Street Acquisition Corporation Announces Closing of $120 Million Initial Public Offering