Welcome to our dedicated page for NWTO news (Ticker: NWTO), a resource for investors and traders seeking the latest updates and insights on NWTO stock.
NWTO (company null) is a special purpose acquisition company (SPAC) focused on identifying strategic merger opportunities. This page serves as the definitive source for all official news and regulatory filings related to NWTO's progress as a blank-check company.
Investors and analysts will find timely updates on acquisition targets, SEC filings, and leadership announcements. Our curated collection includes earnings reports, prospectus updates, and material event disclosures essential for tracking this SPAC's journey toward a business combination.
All content is verified against primary sources including EDGAR database filings and official company communications. Bookmark this page for streamlined access to NWTO's latest developments as it works to complete a qualifying merger within its established timeframe.
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.
