Newbury Street II Acquisition Corp Announces the Trading of Class A Shares and Warrants
Deal News | Dec 26, 2024 | EIN
Newbury Street II Acquisition Corp., a special purpose acquisition company (SPAC), has announced the commencement of separate trading for its Class A ordinary shares and warrants, initially included in its unit offering. Starting December 27, 2024, holders of these units will be able to trade the shares and warrants independently on Nasdaq under the symbols NTWO and NTWOW, respectively. The units originally traded under the symbol NTWOU. For separation, brokers must coordinate with the company’s transfer agent. The initial public offering was managed by BTIG, LLC. Newbury Street II Acquisition Corp. is focused on mergers, stock exchanges, and other business combinations. Its leadership team is headed by CEO Thomas Bushey and CFO Jake Gudoian. Forward-looking statements in the announcement caution on market risks and uncertainties but outline a strong foundation for strategic financial maneuvers.
Sectors
- Finance
- Investment
Geography
- United States – The company and its trading operations are located in Boston, MA, with additional corporate linkage to New York, NY, thus concentrating on the US market.
Industry
- Finance – The article revolves around financial transactions involving a special purpose acquisition company (SPAC) facilitating the trading of securities.
- Investment – The activity relates to SPAC investments, merging different business entities and raising capital through public offerings.
Financials
- N/A – No specific financial amount was disclosed in the article regarding the trading of Class A shares and warrants.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Newbury Street II Acquisition Corp | Target | Company | A special purpose acquisition company (SPAC) aiming to partner with other businesses via merger, stock exchange, or acquisition. |
| BTIG, LLC | Underwriter | Company | Acted as the sole book-running manager for Newbury Street II’s initial public offering. |
| Thomas Bushey | Chief Executive Officer | Person | CEO of Newbury Street II Acquisition Corp, leading the company's strategic and operational functions. |
| Jake Gudoian | Chief Financial Officer | Person | CFO of Newbury Street II Acquisition Corp, overseeing financial strategies and activities. |