Every 10-Q that Newbury Street II Acquisition Corp (NTWO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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 SPAC, reported total assets of $185.6 million as of June 30, 2026, including $185.1 million in a Trust Account invested in Treasury-focused money market funds. Current assets outside the Trust totaled $0.5 million, against current liabilities of $1.3 million, resulting in a working capital deficit of $(776,222) and an accumulated deficit of $(6.8 million).
For the six months ended June 30, 2026, the company recorded net income of $1.7 million, driven by $3.2 million of interest on Trust investments, partly offset by $1.5 million in general and administrative costs, mainly legal expenses. Management states it has not yet entered into a definitive agreement for a business combination and will generate no operating revenue until one is completed. The charter provides until November 4, 2026 to consummate an initial business combination, after which the SPAC must liquidate and redeem public shares. Management concludes that the working capital deficit and mandatory liquidation deadline raise substantial doubt about the company’s ability to continue as a going concern.
Newbury Street II Acquisition Corp, a blank check company, reported net income of $1.39 million for the three months ended March 31, 2026, driven entirely by interest on IPO proceeds held in its trust account. The trust held $183.45 million, while cash outside the trust was $497,393, giving working capital of $536,236 to fund ongoing search and deal costs. General and administrative expenses rose to $219,150 as the company continued evaluating potential merger targets but had not yet signed a business combination agreement. The filing highlights that Newbury Street II must complete a business combination by November 4, 2026 or liquidate the trust and return funds to public shareholders, and this mandatory liquidation deadline creates substantial doubt about its ability to continue as a going concern if no deal is finalized in time.
Newbury Street II Acquisition Corp (NTWO), a Cayman Islands SPAC, reported Q3 2025 results driven entirely by interest on its IPO trust while it continues to search for a merger target. As of September 30, 2025, total assets were $181.2 million, including $180.1 million held in the trust account and $949,601 of cash outside the trust to fund expenses.
For the three months ended September 30, 2025, the company generated net income of $1,732,107, mainly from $1,862,239 of interest on trust investments, partially offset by $140,317 of general and administrative costs. Nine‑month net income was $5,102,832 on trust interest of $5,529,558 and operating costs of $460,363.
There were 17,250,000 Class A ordinary shares classified as redeemable at $10.44 per share and a shareholders’ deficit of $5.1 million, typical of the SPAC structure. The company has until November 4, 2026 to complete a business combination and discloses that this deadline raises substantial doubt about its ability to continue as a going concern if no deal is completed.
Newbury Street II Acquisition Corp is a blank-check company formed to complete a business combination. As of June 30, 2025, the company held $178,247,654 in a Trust Account invested in money market funds backing the Public Units and had total assets of $179,480,894. Cash outside the Trust Account was $1,065,294, with working capital of $1,063,749. The Trust Account was funded with $173,362,500 from the IPO and private placement proceeds.
The company reported net income of $1,685,471 for the three months and $3,370,725 for the six months ended June 30, 2025, driven primarily by interest income on Trust Account investments ($1,839,175 and $3,667,319, respectively) versus operating costs of $164,940 and $320,046. Total liabilities were $6,172,324, including a deferred underwriting fee of $6,037,500. There were 17,250,000 Class A shares subject to possible redemption (redemption value $10.33 per share) and 8,949,188 warrants outstanding. Management has not identified a business combination target and governance changes occurred on May 28, 2025 with the board chair resigning and two new directors appointed.