The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report shared beneficial ownership of Newbury Street II Acquisition Corp Class A ordinary shares. The filing shows 941,519 shares with shared voting and dispositive power and indicates a 5.2% stake in the class. The submission includes a joint filing agreement and exhibits clarifying parent/subsidiary reporting relationships and the reporting units whose holdings are reflected.
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.