Recent Updates — NTWOU

Newbury Street II Acquisition Corp entered into a subscription agreement for an additional 1,000,000 shares at $10.00 per share, raising $10 million in a private placement led by Tiger Global. This October PIPE investment brings total committed capital to more than $50 million in connection with the proposed business combination with Fort Robotics. The transaction includes trust account non-redemption waivers and incentive founder share transfers from the sponsor. Newbury Street II is a blank check company formed for effecting a merger or acquisition.

Newbury Street II Acquisition Corp announced the confidential submission of a draft registration statement on Form S-4 with the SEC for its proposed business combination with Fort Robotics. The transaction values Fort Robotics at an enterprise value of approximately $556.6 million and is expected to provide roughly $201 million in gross proceeds, resulting in approximately $182 million of net cash to the combined company assuming no redemptions. Concurrently, Newbury Street II engaged Donerail Group & Co LLC as a transaction advisor for a $350,000 fee and granted approximately 599,166 founder shares to Donerail. Director William Zachre Wyatt resigned effective September 29, 2026, in connection with the advisory engagement to eliminate conflicts of interest. The combined entity will be named FORT Robotics Holdings, Inc., targeting a Nasdaq listing under ticker 'FROB' by late 2026 or early 2027. Newbury Street II is a special purpose acquisition company formed to effect a merger with one or more businesses.

Newbury Street II Acquisition Corp entered into a Merger Agreement with Fort Robotics on August 17, 2026. The transaction values Fort Robotics at $500 million in equity consideration, plus the conversion of permitted SAFEs. Newbury Street will domesticate from Cayman Islands to Delaware and merge a subsidiary into Fort Robotics, which will survive as a wholly-owned subsidiary. The combined company will be renamed Fort Robotics Holdings, Inc. Concurrently, Newbury Street secured $31.25 million in Initial PIPE financing at $10.00 per share for 3,125,000 shares. The underwriting commission was reduced from approximately $6.04 million to $2 million. Shareholder approval and regulatory clearances are required conditions. Newbury Street II Acquisition Corp operates as a blank check company in the financial services industry.