Newbury Street Acquisition CORP
Market Movers (8-K)
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Newbury Street Acquisition Corporation announces the resignation of Marcum LLP as its independent registered public accounting firm, effective November 21, 2025.
Worse than expected
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Newbury Street Acquisition Corporation stockholders approved an extension to complete its initial business combination until March 25, 2026.
Delay expected
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Newbury Street Acquisition Corporation filed an amendment to correct the final payment date for a $5.25 million settlement from Infinite Reality to October 17, 2025.
Better than expected
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Newbury Street Acquisition Corporation has reached a General Release and Settlement Agreement with Infinite Reality, Inc., securing a payment of $5.25 million to resolve a dispute over a termination fee.
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8-K: Newbury Street Acquisition Corporation Announces Board and Audit Committee Chairman Resignation
Matthew Hong has resigned from the Board of Directors and as Chairman of the Audit Committee of Newbury Street Acquisition Corporation, effective May 28, 2025, to accept a new executive role at VERSANT.
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Newbury Street Acquisition Corporation successfully extends its deadline to complete a business combination to September 25, 2025, following stockholder approval.
Delay expected
Insider Trading (Form 4)
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Newbury Street Acquisition Corporation has terminated its merger agreement with Infinite Reality, Inc., and will receive a $7 million termination fee.
Worse than expected
Proxy Statements (Def-14A)
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Newbury Street Acquisition Corporation requests stockholder approval to extend its deadline to complete a business combination to March 25, 2026, following the termination of its merger agreement with Infinite Reality and significant prior share redemptions.
Delay expected
Capital raise
Worse than expected
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Newbury Street Acquisition Corporation is seeking stockholder approval to extend the deadline for completing an initial business combination from March 25, 2025, to September 25, 2025.
Delay expected