SCHEDULE 13G/A: K2 Entities Report Zero Beneficial Ownership in Newbury Street II Acquisition Corp
Beneficial Ownership Statement (Amendment)
An amended Schedule 13G filing indicates that The K2 Principal Fund, L.P. and its related entities no longer hold any beneficial ownership in Newbury Street II Acquisition Corp.
Summary
- The K2 Principal Fund, L.P., K2 Genpar 2017 Inc., Shawn Kimel Investments, Inc., and K2 & Associates Investment Management Inc. (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
- The filing reports that as of December 31, 2024, the Reporting Persons beneficially own 0.00 Class A ordinary shares of Newbury Street II Acquisition Corp.
- This represents 0% of the Class A ordinary shares outstanding.
- The calculation of the percentage is based on 17,250,000 ordinary shares issued and outstanding as of November 4, 2024, as reported in the company's 8K filing on December 26, 2024.
- The Reporting Persons certify that the securities were not acquired or held for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a neutral, factual regulatory filing reporting zero beneficial ownership, with no positive or negative implications for the company's operations or financial performance.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership, indicating a change in the reported holdings of a specific investment group in a Special Purpose Acquisition Company (SPAC). It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: The filing indicates that the K2 entities no longer hold any shares, which could be interpreted as a divestment, though the document does not provide reasons. This specific filing itself has minimal direct impact given the 0% reported ownership.
Key Dates
| Date | Description |
|---|---|
| 2024-11-04 | Date as of which 17,250,000 ordinary shares of Newbury Street II Acquisition Corp. were reported as issued and outstanding in the company's 8K filing. |
| 2024-12-26 | Date of the company's 8K filing with the SEC, reporting the number of outstanding shares. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G Amendment No. 1. |
| 2025-02-11 | Signature date of the Schedule 13G Amendment No. 1 filing. |
Keywords
Schedule 13G, Beneficial Ownership, Newbury Street II Acquisition Corp, K2 Principal Fund, K2 Genpar 2017 Inc., Shawn Kimel Investments Inc., K2 & Associates Investment Management Inc., SEC Filing, Class A ordinary share, Ownership Disclosure
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