- Business
- Newbury Street II Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses; it may pursue initial business combination targets in any industry, with a focus on high-growth enterprises exhibiting strong secular tailwinds, innovative technologies and scalable business models in sectors such as technology, healthcare and consumer discretionary. The company offers no current operational products or services beyond its SPAC structure, which provides a platform for private companies to access public markets through a business combination. Newbury Street II Acquisition Corp was founded in 2024 and is headquartered in Boston, Massachusetts, with certain records indicating operations based in Fernandina Beach, Florida. In its initial public offering priced on October 31, 2024, the company raised $150 million by issuing 15 million units at $10.00 each, listing on Nasdaq under the ticker NTWO (with warrants under NTWOW), following a reduction from the originally planned 20 million units. Recent major developments include new board appointments on May 28, 2025, with Tony Vinciquerra, former CEO of Fox Corporation, named Chairman and William Wyatt, Managing Partner of Donerail Group, joining as a director to strengthen expertise in media, consumer and finance; earlier board changes featured Matthew Hong stepping down as Chairman. The company, led by CEO Thomas Bushey and sponsored by Newbury Street II Acquisition Sponsor LLC, maintains sufficient working capital to fund operations through at least September 30, 2026, pending a business combination, and reports ongoing SEC filings including 10-Q for Q3 2025 showing net income.