Newbury Street Acquisition Corp
Cash in trust
$21.9M
$21,949,846
Trust per share
$10.00
Redemption value
IPO
Mar 2021
—
Combination deadline
Sep 25, 2024
Deadline passed
Filings on record
139
Latest Nov 26, 2025
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Dec 12, 2022
Overview
Newbury Street Acquisition Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001831978. It completed its initial public offering in Mar 2021. The vehicle is sponsored by Newbury Street through Newbury Street Acquisition Sponsor LLC. The mandate targets technology, consumer, media & entertainment. Definitive business-combination agreement signed, closing pending.
“we intend to focus our search on a technology business in the consumer internet or media space, including sports and entertainment verticals, with enterprise values of approximately $500 million to $2.”
Reading the filings
Arithmetic on what Newbury Street Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.00 per public share, effectively the $10.00 the units were sold at, so little or no interest has accrued to the account yet.
Time on the clock
The stated combination deadline of Sep 25, 2024 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
Extension history
Shareholders have already approved 8 extensions. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Sponsor promote
The sponsor's founder block is 862,500 shares against 2,039,570 public shares, or 29.7% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.
Warrant coverage
Each unit carried one-half of one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Sponsor record
Newbury Street has launched 3 vehicles, none of which has resolved yet, so there is no completion record to read.
Underwriting
EarlybirdCapital led the offering. It has been named on 72 SPAC IPOs, book-running 1 of them, and 65.5% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date Newbury Street Acquisition Corp must close a deal, extend again, or return the trust. The marker is today.
At every shareholder vote holders may hand their shares back for their cash. Each bar is one vote, read out of the 8-K that reported it.
13M shares handed back across 5 votes, 626% of the shares sold at IPO.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
139 filings in all. 4 in the last three months, against a busiest month of 16.
Scores
Recomputed 21m agoThree readings of Newbury Street Acquisition Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
LowHow much does the structure protect a holder right now?
5/100
- Trust accretion3
$10.00 per share
- Runway7
-754 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
2/100
- Filing activity0
0 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness7
announced 1407 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ElevatedHow likely is this vehicle to complete a combination, and at what scale?
51/100
- Lead bank record50
65.5%
- Bank franchise55
72 SPAC mandates
- Trust scale15
$22M
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on Newbury Street Acquisition Corp
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Current report
Items 4.01, 9.01 · Accession 0001213900-25-115608
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001213900-25-091663
- 8-K/A
Other events
Items 8.01, 9.01 · Accession 0001213900-25-091656
- DEF 14A
Definitive proxy statement
Accession 0001213900-25-086234
- PRE 14A
PROXY STATEMENT
Accession 0001213900-25-081224
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-061575
- 8-K
Current report
Items 5.02, 9.01 · Accession 0001213900-25-061573
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001013762-25-001695
- DEF 14A
Definitive proxy statement
Accession 0001213900-25-022835
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-021261
- 25-NSE
Notification of delisting
Accession 0001354457-25-000163
- PRE 14A
PROXY STATEMENT
Accession 0001213900-25-018860
- 425
Business-combination communication
Accession 0001213900-24-110801
- 8-K
Entry into a material definitive agreement; Termination of a material definitive agreement
Items 1.01, 1.02, 9.01 · Accession 0001213900-24-110798
- SC 13G/A
SC 13G/A
Accession 0001193125-24-256925
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001213900-24-082301
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-24-078977
- DEF 14A
Definitive proxy statement
Accession 0001213900-24-078662
- 425
Business-combination communication
Accession 0001213900-24-076530
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001213900-24-076522
- 425
Business-combination communication
Accession 0001213900-24-076260
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001213900-24-076257
- PRER14A
PROXY STATEMENT
Accession 0001213900-24-075114
- PRE 14A
PROXY STATEMENT
Accession 0001213900-24-074638
- 8-K
Notice of delisting or failure to satisfy a listing rule
Items 3.01, 9.01 · Accession 0001213900-24-074612
- NT 10-Q
Late quarterly report notification
Accession 0001104659-24-090173
- 425
Business-combination communication
Accession 0001013762-24-001209
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001013762-24-001203
- 425
Business-combination communication
Accession 0001213900-24-059983
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001213900-24-059980
Pro
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Newbury Street Acquisition Corp: questions answered
What is Newbury Street Acquisition Corp?
Newbury Street Acquisition Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001831978. It completed its initial public offering in Mar 2021. The vehicle is sponsored by Newbury Street through Newbury Street Acquisition Sponsor LLC. The mandate targets technology, consumer, media & entertainment. Definitive business-combination agreement signed, closing pending.
How much does Newbury Street Acquisition Corp hold in trust?
Approximately $21,949,846, or about $10.00 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Newbury Street Acquisition Corp complete a merger?
By Sep 25, 2024, after 8 shareholder-approved extensions. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Newbury Street Acquisition Corp does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Newbury Street Acquisition Corp, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.00 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for Newbury Street Acquisition Corp?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Newbury Street Acquisition Corp's founder shares and warrants create?
The founder block is 862,500 shares against 2,039,570 public shares, so roughly 29.7% of the combined count sits with the sponsor at nominal cost. Each unit also carried one-half of one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Newbury Street Acquisition Corp, and what is their track record?
Newbury Street Acquisition Sponsor LLC is the sponsor entity, part of the Newbury Street franchise. That franchise has launched 3 vehicles in total, none of which has resolved yet. Named principals: Matthew Hong, Thomas Bushey.
Which banks underwrote the Newbury Street Acquisition Corp IPO?
EarlyBirdCapital, Joseph Gunnar &. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Newbury Street Acquisition Corp a good investment?
That is not a question this site answers. Newbury Street Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Newbury Street Acquisition Corp data come from?
Filings Newbury Street Acquisition Corp submitted to the SEC under CIK 0001831978: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Newbury Street: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
EarlyBirdCapital in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.