SCHEDULE 13G: LMR Partners Discloses 8.1% Stake in Newbury Street II Acquisition Corp

LMR Partners and its affiliates have disclosed a significant 8.1% beneficial ownership stake in Newbury Street II Acquisition Corp, primarily through Class A Ordinary Shares and associated warrants.

Summary

• LMR Partners LLP, along with its affiliated entities LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited, and LMR Partners (Ireland) Limited (collectively, the "LMR Investment Managers"), and individuals Ben Levine and Stefan Renold, have filed a Schedule 13G.
• The filing discloses beneficial ownership of 1,450,000 Class A Ordinary Shares of Newbury Street II Acquisition Corp.
• This aggregate amount represents 8.1% of the outstanding Class A Ordinary Shares, based on 17,998,375 shares as of December 13, 2024, as reported in the Issuer's Form 10-Q.
• The shares are directly held by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, with each fund holding 725,000 Class A Ordinary Shares.
• In addition to the shares, each fund also holds warrants to purchase 362,500 Class A Ordinary Shares, exercisable at $11.50 per share 30 days after the completion of the Issuer's initial business combination, and expiring five years after the business combination or earlier upon redemption or liquidation.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

N/A

Industry Context

This filing is a standard disclosure of a significant passive investment by an institutional investor group in a Special Purpose Acquisition Company (SPAC). It indicates LMR Partners' position as a substantial shareholder in Newbury Street II Acquisition Corp, a company typically formed to merge with or acquire another private company.

Stakeholder Impact

• Shareholders: The disclosure of a significant 8.1% stake by LMR Partners provides transparency regarding the company's ownership structure and may signal institutional interest in the company.

Key Dates

Keywords

Newbury Street II Acquisition Corp, LMR Partners, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Warrants, Investment Management, SEC Filing, Institutional Investor