Newbury Street II Acquisition CorpNTWO
Cash in trust
$185.1M
$185,070,108
Trust per share
—
Redemption value
IPO
Oct 2024
$6.0M raised
Combination deadline
Nov 4, 2026
61 days remaining
Filings on record
65
Latest Aug 24, 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.
Time on the clock
61 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. Of the 2 that have resolved, 0 closed a combination and 2 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Scores
Recomputed 4m 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
LowHow much does the structure protect a holder right now?
23/100
- Runway12
61 days
- Sponsor record33
0.0%
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?
64/100
- Filing activity97
15 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness94
announced 17 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?
55/100
- Sponsor record33
0.0%
- Trust scale46
$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.
SEC filing history
Free tier: filings older than 24 hours- 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
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-049466
- 8-K
Current report
Item 5.02 · Accession 0001213900-25-048331
- 10-Q
Quarterly report
Accession 0001213900-25-044415
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001085146-25-003125
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000312069-25-000397
- 10-K
Annual report
Accession 0001213900-25-026387
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000950170-25-021141
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, 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. 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. 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.
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, of which 0 closed a combination and 2 liquidated, a 0% completion rate on resolved vehicles. Named principals: Matthew Hong, Thomas Bushey.
Is Newbury Street II Acquisition Corp tradeable, and where?
Yes. NTWO returned a live quote of $10.98 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 Sep 4, 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.