Newbury Street II Acquisition Corp
Business
Newbury Street II Acquisition Corp is a blank check company formed to identify and consummate an initial business combination that takes a private company public. It offers public units and private placement units, maintains a trust account, conducts due diligence, structures financings and merger transactions, and provides sponsor and management expertise to facilitate a target’s transition to a public company. Its operating activities are organized around sponsor/management sourcing and transaction execution, IPO-related trust and shareholder processes, and diligence/structuring functions. It pursues target opportunities across industries and seeks businesses that can scale domestically and internationally, using Nasdaq listing and public markets as distribution channels.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative costs | 688,452 | |
| Loss from Operations | −688,452 | |
| Interest earned on cash and securities held in Trust Account | 7 | |
| Interest on operating account | 42,405 | |
| Total other income | 7 | |
| Net Income | 7 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-06-30 |
|---|---|---|---|---|
| Cash | 772,506 | 1 | — | |
| Due from Sponsor | 32,590 | 25,000 | — | |
| Prepaid expenses | 91,171 | 185,085 | — | |
| Total Current Assets | 896,267 | 1 | — | |
| Long-term prepaid insurance | — | 86,667 | — | |
| Cash and securities held in Trust Account | 182 | 175 | — | |
| Total Assets | 183 | 176 | — | |
| Accounts payable and accrued expenses | 122,304 | 38,679 | — | |
| Accrued offering costs | 25,000 | 100,264 | — | |
| Total Current Liabilities | 147,304 | 138,943 | — | |
| Deferred underwriting fee | 6 | 6 | — | |
| Total Liabilities | 6 | 6 | — | |
| Commitments and Contingencies (Note 6) | — | — | — | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and December 31, 2024 | — | — | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −5 | −5 | — | |
| Total Shareholders Deficit | −5 | −5 | — | |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT | 183 | 176 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Payment of formation costs through issuance of Class B Ordinary Shares | — | |
| Payment of operation costs through IPO Promissory Note - related party | — | |
| Prepaid expenses | 93,914 | |
| Due from Sponsor | −7,590 | |
| Long-term prepaid insurance | 86,667 | |
| Accounts payables and accrued expenses | 83,625 | |
| Accrued offering costs | −75,264 | |
| Net cash used in operating activities | −464,695 | |
| Investment of cash into Trust Account | — | |
| Net cash used in investing activities | — | |
| Proceeds from sale of Public Units, net of underwriting discounts paid | — | |
| Proceeds from sale of Private Placement Units | — | |
| Repayment of IPO Promissory Note-related party | — | |
| Payment of offering costs | — | |
| Net cash provided by financing activities | — | |
| Net Change in Cash | −464,695 | |
| Deferred offering costs included in accrued offering costs | — | |
| Deferred offering costs paid through IPO Promissory Note-related party | — | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | — | |
| Accretion of Class A Ordinary Shares to redemption value | — | |
| Deferred underwriting fee payable | — |