Here are the 10-K annual reports from Newbury Street II Acquisition Corp (NTWO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NTWO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NTWO filings page.
Newbury Street II Acquisition Corp, a Cayman Islands blank check company, filed its annual report describing its structure, cash position and search for a merger target. The SPAC raised $172.5 million from 17,250,000 public units and $6.48 million from 648,375 private placement units, placing $173.36 million in a trust account initially.
As of December 31, 2025, funds in the trust account were about $181.85 million, or $10.54 per public share, and public shareholders will be able to redeem at completion of a business combination or certain charter amendments. The company must complete a business combination by November 4, 2026 or liquidate, and discloses substantial doubt about its ability to continue as a going concern if no transaction occurs. The filing also highlights significant potential dilution from founder shares and warrants, strict redemption limits for large holders, and reliance on third parties for cybersecurity despite holding substantial cash and investments.