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Newbury Street II Acquisition Corp (NTWO) is the subject of a Schedule 13G reporting that The K2 Principal Fund, L.P., K2 Genpar 2017 Inc., Shawn Kimel Investments, Inc., and K2 & Associates Investment Management Inc. may each be deemed beneficial owners of the same 241,100 Class A ordinary shares, or 7.74% of the class. The shares are held of record by the Fund; the reports concern the same shares.
Each reporting person reports shared voting and dispositive power over those shares, with zero sole voting or dispositive power. Todd Sikorski, Secretary of K2 Genpar 2017 Inc. and President of K2 & Associates, exercises ultimate voting and investment powers over the shares. The percentage uses 3,113,295 ordinary shares outstanding as of November 4, 2026.
Key Figures
Beneficial ownership:241,100 Class A ordinary sharesPercent of class:7.74%Ordinary shares issued and outstanding:3,113,295 ordinary shares
3 metrics
Beneficial ownership241,100 Class A ordinary sharesSame shares held of record by The K2 Principal Fund, L.P.; each reporting person may be deemed a beneficial owner
Percent of class7.74%Based on ordinary shares issued and outstanding as of November 4, 2026
Ordinary shares issued and outstanding3,113,295 ordinary sharesAs of November 4, 2026
Key Terms
beneficially owned, shared voting power, shared dispositive power
3 terms
beneficially ownedregulatory
"may be deemed to be beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerregulatory
"Shared Voting Power 241,100.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"Shared Dispositive Power 241,100.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many NTWO shares do the reporting persons beneficially own?
The four reporting persons each report 241,100 Class A ordinary shares, equal to 7.74% of the class. The shares are held of record by The K2 Principal Fund, L.P., and the reports concern the same shares.
Who has voting and investment power over NTWO shares held by The K2 Principal Fund?
Todd Sikorski exercises the ultimate voting and investment powers over the 241,100 shares held of record by the Fund. Sikorski is Secretary of K2 Genpar 2017 Inc. and President of K2 & Associates Investment Management Inc.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Newbury Street II Acquisition Corp
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G6439S109
(CUSIP Number)
11/04/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G6439S109
1
Names of Reporting Persons
The K2 Principal Fund, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
241,100.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
241,100.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
241,100.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.74 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
G6439S109
1
Names of Reporting Persons
K2 Genpar 2017 Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
241,100.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
241,100.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
241,100.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.74 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
G6439S109
1
Names of Reporting Persons
SHAWN KIMEL INVESTMENTS, INC.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
241,100.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
241,100.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
241,100.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.74 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
G6439S109
1
Names of Reporting Persons
K2 & Associates Investment Management Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
241,100.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
241,100.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
241,100.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.74 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Newbury Street II Acquisition Corp
(b)
Address of issuer's principal executive offices:
121 HIGH STREET FLOOR 3, BOSTON, MA, 022110
Item 2.
(a)
Name of person filing:
The persons filing this statement are Shawn Kimel Investments, Inc., an Ontario corporation ("SKI"), The K2 Principal Fund, L.P., an Ontario limited partnership (the "Fund"), K2 Genpar 2017 Inc., an Ontario corporation and the General Partner to the Fund ("Genpar 2017"), and K2 & Associates Investment Management Inc., an Ontario corporation ("K2 & Associates"). Together SKI, the Fund, Genpar2017, and K2 & Associates are the "Reporting Persons". Mr.Kimel is President of SKI. Mr.Sikorski is Secretary of Genpar 2017, and President of K2 & Associates. K2 & Associates is a direct 66.5% owned subsidiary of SKI, and is the investment manager of the Fund.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 2 Bloor St West, Suite 801, Toronto, Ontario, M4W 3E2.
(c)
Citizenship:
Mr.Kimel is a citizen of Canada.
Mr.Sikorski is a citizen of Canada.
The Fund is an Ontario limited partnership.
Each of SKI and GenPar 2017 Inc and K2 & Associates is an Ontario corporation.
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP Number(s):
G6439S109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
241100 Class A Ordinary Shares, par value $0.0001 per share held of record (and may be deemed to be beneficially owned) by The K2 Principal Fund, L.P. See Item 2 for a description of the corporate structure of the Reporting Persons.
Each of the Reporting Persons may be deemed to be beneficial owners of the 241100 Issuer's Class A Ordinary Shares, par value $0.0001 per share that are held by The K2 Principal Fund, L.P.
Mr.Kimel is President of SKI. Mr. Todd Sikorski is Secretary of GenPar 2017 and President of K2 & Associates, and exercises ultimate voting and investment powers over the 241100 Issuer's Class A Ordinary Shares, par value $0.0001 per share that are held of record by The K2 Principal Fund, L.P
The percentages used in this Schedule 13G are calculated based upon 3113295 ordinary shares issued and outstanding as of 2026-11-04, as reported in the companies 10-Q filed with the SEC on 2026-11-04.
(b)
Percent of class:
7.74 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
241100
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
241100
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Each of the Reporting Persons hereby makes the following certification:
By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
