Newbury Street II Acquisition Corp (NTWO) Form 8-K — Oct 22, 2026
Newbury Street II Acquisition Corp (Nasdaq: NTWO) signed a subscription agreement on October 21, 2026 for an additional $10.0 million PIPE — 1,000,000 shares at $10.00 per share — with one of its initial PIPE investors, conditioned on closing of the Fort Robotics business combination. Contemporaneously, FORT Robotics announced approximately $20 million in new funding, including the October PIPE plus an approximately $10 million financing led by Tiger Global with participation from Mark Cuban Companies, bringing total committed capital for the de-SPAC to more than $50 million.
Key figures
- Gross Proceeds
- 10000000
- Offering Price
- 10
- Shares Offered
- 1000000
- Patents
- 25
- Customers
- over 600
- Units deployed
- more than 19,500
- Initial pipe shares
- 3125000
- Warrant exercise price
- 11.5
- Total committed capital
- more than $50 million
- Incentive founder shares
- 2038424
- Initial pipe gross proceeds
- $31.25 million (3,125,000 shares at $10.00)
- Total new funding announced
- approximately $20 million
- Additional financing announced
- approximately $10 million led by Tiger Global with Mark Cuban Companies
- Fort shares converting to ntwo shares
- 86957
- Sponsor incentive shares transfer to october pipe investor
- 313604
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