Newbury Street II Acquisition Corp (NTWO) Form 10-Q — May 12, 2026
Newbury Street II Acquisition Corp, a blank check company, reported a net income of $1,386,245 for the three months ended March 31, 2026. This net income primarily consists of interest earned on marketable securities held in the Trust Account, amounting to $1,598,972, and general and administrative costs of $219,150. The company has a mandatory liquidation date of November 4, 2026, at which time it will cease all operations except for winding up, redeeming public shares, and liquidating. As of March 31, 2026, the company had a working capital of $536,236 and cash of $497,393 outside the Trust Account available to fund ongoing operating expenses.
Key figures
- Eps
- 0
- Eps Beat
- 0
- Revenue
- 0
- Net Income
- 1386245
- Total Debt
- 6164622
- Debt Amount
- 0
- Revenue Yoy
- 0
- Total Assets
- 184109704
- Cash Position
- 497393
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 17998375
- Trust account balance
- 183446346
- General and administrative costs
- 219150
- Interest earned on trust account
- 1598972
Price after filing
Close on the filing date to close N calendar days later (from $10.64). Historical, not a forecast.
AI analysis
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