Newbury Street II Acquisition CorpNTWO
Redeem by
Oct 26, 20266 days left
Shareholder meeting
Oct 28, 2026
The election deadline is when you must tender to take the trust. Miss it and you hold through whatever the meeting decides. Read from the proxy statement, not assumed from the meeting date.
“two business days prior to the Meeting (or October 26, 2026)”
Cash in trust
$185M
$185,070,108
Trust per share
$10.95
Redemption value
IPO
Oct 2024
$6.0M raised
Combination deadline
Nov 4, 2026
15 days remaining
Filings on record
72
Latest Oct 10, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Aug 18, 2026
Overview
Newbury Street II Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002028027. It completed its initial public offering in Oct 2024, raising $6.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker NTWO, units under NTWOU, warrants under NTWOW on Nasdaq. The vehicle is sponsored by Newbury Street. Definitive business-combination agreement signed, closing pending.
Reading the filings
Arithmetic on what Newbury Street II 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.
Trading at a discount to trust
At $10.82 the shares change hands 1.17% below the $10.95 they can be redeemed for. A holder buying here is paid that spread to carry deadline and redemption risk until the vote, and the trust keeps accreting underneath it.
Trust versus the $10 unit
The trust holds $10.95 per public share, 9.5% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
15 days to the Nov 4, 2026 deadline. Inside ninety days a sponsor has three routes and no others: close, call a shareholder vote to extend (which opens a redemption window and usually costs a monthly contribution into the trust), or liquidate and return the cash. This is the window where redemption arithmetic starts to dominate the share price.
Sponsor record
Newbury Street has launched 3 vehicles, none of which has resolved yet, so there is no completion record to read.
From listing to the date Newbury Street II Acquisition Corp must close a deal, extend again, or return the trust. The marker is today.
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.
72 filings in all. 22 in the last three months, against a busiest month of 15.
Scores
Recomputed 5h agoThree readings of Newbury Street II 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
ElevatedHow much does the structure protect a holder right now?
62/100
- Discount to trust78
1.17%
- Trust accretion87
$10.95 per share
- Runway21
16 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
ElevatedHow much attention is this vehicle attracting right now?
59/100
- Filing activity87
7 in 30 days
- News coverage52
2 stories in 30 days
- News tone50
neutral
- Premium to trust22
-1.17%
- Deal freshness85
announced 62 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?
70/100
- Trust scale56
$185M
- 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 II Acquisition Corp
Last 90 daysNews sentiment
NeutralAcross 1 recent story, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- DEF 14A
Definitive proxy statement
Accession 0001185185-26-004681
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001140361-26-038777
- 425
Business-combination communication
Accession 0001185185-26-004474
- 425
Business-combination communication
Accession 0001185185-26-004447
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 5.02, 8.01, 9.01 · Accession 0001185185-26-004446
- 8-K
Other events
Items 5.08, 8.01 · Accession 0001185185-26-004379
- PRE 14A
FORM PRE 14A
Accession 0001185185-26-004378
- 425
Business-combination communication
Accession 0001213900-26-093105
- 425
Business-combination communication
Accession 0001213900-26-093104
- 425
Business-combination communication
Accession 0001213900-26-093099
- 425
Business-combination communication
Accession 0001213900-26-092091
- 425
Business-combination communication
Accession 0001213900-26-091818
- 425
Business-combination communication
Accession 0001213900-26-091322
- 425
Business-combination communication
Accession 0001213900-26-091320
- 425
Business-combination communication
Accession 0001213900-26-091319
- 425
Business-combination communication
Accession 0001213900-26-091193
- 425
Business-combination communication
Accession 0001213900-26-091192
- 425
Business-combination communication
Accession 0001213900-26-091191
- 425
Business-combination communication
Accession 0001213900-26-090997
- 8-K
Entry into a material definitive agreement; Regulation FD disclosure
Items 1.01, 3.02, 7.01, 9.01 · Accession 0001213900-26-090994
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000886982-26-000479
- 10-Q
Quarterly report
Accession 0001213900-26-088583
- 10-Q
Quarterly report
Accession 0001213900-26-055084
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000886982-26-000237
- 10-K
Annual report
Accession 0001213900-26-024817
- 10-Q
Quarterly report
Accession 0001213900-25-110889
- 10-Q
Quarterly report
Accession 0001213900-25-075827
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000950170-25-107992
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001140361-25-026608
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-049467
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Newbury Street II Acquisition Corp: questions answered
What is Newbury Street II Acquisition Corp (NTWO)?
Newbury Street II Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002028027. It completed its initial public offering in Oct 2024, raising $6.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker NTWO, units under NTWOU, warrants under NTWOW on Nasdaq. The vehicle is sponsored by Newbury Street. Definitive business-combination agreement signed, closing pending.
How much does Newbury Street II Acquisition Corp hold in trust?
Approximately $185,070,108, or about $10.95 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 II Acquisition Corp complete a merger?
By Nov 4, 2026. 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 II 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 II 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 $10.95 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.
What tickers does Newbury Street II Acquisition Corp trade under?
Class A shares trade as NTWO on Nasdaq, the units as NTWOU, and the warrants as NTWOW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Newbury Street II Acquisition Corp?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.95, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $10.82, a discount of 1.17% to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
Who sponsors Newbury Street II Acquisition Corp, and what is their track record?
Newbury Street 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.
Is Newbury Street II Acquisition Corp tradeable, and where?
Yes. NTWO returned a live quote of $10.82 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Newbury Street II Acquisition Corp a good investment?
That is not a question this site answers. Newbury Street II 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 II Acquisition Corp data come from?
Filings Newbury Street II Acquisition Corp submitted to the SEC under CIK 0002028027: 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 20, 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.
Read the full methodology · What is in the dataset · Report a correction
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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.
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.