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Newbury Street II Acquisition Corp. (NASDAQ: NTWOU) has announced that starting December 27, 2024, unit holders from its initial public offering can separately trade Class A ordinary shares and warrants. The separated securities will trade on Nasdaq under symbols NTWO (Class A shares) and NTWOW (warrants), while unseparated units continue trading as NTWOU.
Only whole warrants will be tradeable, with no fractional warrants issued. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units. The initial underwritten offering was managed by BTIG, , with the registration statement becoming effective on October 31, 2024.
Newbury Street II Acquisition Corp has successfully completed its initial public offering (IPO) of 17,250,000 units at $10.00 per unit, raising $172.5 million in gross proceeds. The offering included 2,250,000 units from the full exercise of the underwriter's over-allotment option. Each unit comprises one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share. Trading began on Nasdaq under 'NTWOU'. $173,362,500 was placed in trust. The blank check company, led by CEO Thomas Bushey, aims to pursue business combinations across any sector.
Newbury Street II Acquisition Corp has announced the pricing of its initial public offering of 15,000,000 units at $10.00 per unit, totaling $150,000,000. The units will trade on Nasdaq under 'NTWOU' starting November 1, 2024. Each unit includes one Class A ordinary share and one-half redeemable warrant, with whole warrants allowing purchase of one Class A share at $11.50. The company granted underwriters a 45-day option to purchase up to 2,250,000 additional units. As a blank check company, it aims to pursue business combinations across any industry. BTIG, serves as the sole book-running manager for the offering.
