Newbury Street II Acquisition Corp
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
NTWO$10.92-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets as of December 31, 2025 and 2024
BALANCE SHEETS
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash | $772,506 | $1,237,201 |
| Due from Sponsor | 32,590 | 25,000 |
| Prepaid expenses | 91,171 | 185,085 |
| Total Current Assets | 896,267 | 1,447,286 |
| Long-term prepaid insurance | — | 86,667 |
| Cash and securities held in Trust Account | 181,847,374 | 174,580,335 |
| Total Assets | $182,743,641 | $176,114,288 |
| LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $122,304 | $38,679 |
| Accrued offering costs | 25,000 | 100,264 |
| Total Current Liabilities | 147,304 | 138,943 |
| Deferred underwriting fee | 6,037,500 | 6,037,500 |
| Total Liabilities | 6,184,804 | 6,176,443 |
| Commitments and Contingencies (Note 6) | ||
| Class A Ordinary Shares subject to possible redemption 17,250,000 shares issued and outstanding, at redemption value of $10.54 per share as of December 31, 2025 and $10.12 as of December 31, 2024 | 181,847,374 | 174,580,335 |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Class A Ordinary Shares, $0.0001 par value; 500,000,000 shares authorized; 748,375 shares issued and outstanding (excluding 17,250,000 shares subject to possible redemption) as of December 31, 2025 and December 31, 2024 | 75 | 75 |
| Class B Ordinary Shares, $0.0001 par value; 50,000,000 shares authorized; 6,118,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 612 | 612 |
| Additional paid-in capital | — | — |
| Accumulated deficit | (5,289,224) | (4,643,177) |
| Total Shareholders’ Deficit | (5,288,537) | (4,642,490) |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT | $182,743,641 | $176,114,288 |
STATEMENTS OF OPERATIONS
| For the Year Ended December 31, 2025 | For the Period from June 18, 2024 (inception) through December 31, 2024 | |
|---|---|---|
| General and administrative costs | $688,452 | $175,611 |
| Loss from Operations | (688,452) | (175,611) |
| Other income: | ||
| Interest earned on cash and securities held in Trust Account | 7,267,039 | 1,217,835 |
| Interest on operating account | 42,405 | — |
| Total other income | 7,309,444 | 1,217,835 |
| Net Income | $6,620,992 | $1,042,224 |
| Weighted average shares outstanding of redeemable Class A Ordinary Shares outstanding | 17,250,000 | 5,016,582 |
| Basic Net Income per Ordinary Share, redeemable Class A Ordinary Shares | $0.27 | $0.10 |
| Weighted average shares outstanding of non-redeemable Class A Ordinary Shares and Class B Ordinary Shares outstanding | 6,866,375 | 5,715,425 |
| Basic Net Income per Ordinary Share, non-redeemable Class A Ordinary Shares and Class B Ordinary Shares | $0.27 | $0.10 |
STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT
FOR THE YEAR ENDED DECEMBER 31, 2025 AND FOR THE PERIOD FROM JUNE 18, 2024
(INCEPTION) THROUGH DECEMBER 31, 2024
| Class A · Class B · Additional · Total | |||||||
|---|---|---|---|---|---|---|---|
| Ordinary Shares · Ordinary Shares · Paid-in · Accumulated · Shareholders’ | |||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance as of June 18, 2024 (inception) | — | $— | — | $— | $— | $— | $— |
| Issuance of Class B Ordinary Shares to Sponsor | — | — | 6,118,000 | 612 | 24,388 | — | 25,000 |
| Accretion for Class A Ordinary Shares to redemption amount | — | — | — | — | (7,721,375) | (5,685,401) | (13,406,776) |
| Sale of Private Placement Units | 648,375 | 65 | — | — | 6,483,685 | — | 6,483,750 |
| Fair value of Public Warrants at issuance | — | — | — | — | 517,500 | — | 517,500 |
| Fair value of Representative Shares deferred until IPO | 100,000 | 10 | — | — | 750,990 | — | 751,000 |
| Allocated value of transaction costs | — | — | — | — | (55,188) | — | (55,188) |
| Net income | — | — | — | — | — | 1,042,224 | 1,042,224 |
| Balance – December 31, 2024 | 748,375 | $75 | 6,118,000 | $612 | $— | $(4,643,177) | $(4,642,490) |
| Accretion for Class A Ordinary Shares to redemption amount | — | — | — | — | — | (7,267,039) | (7,267,039) |
| Net income | — | — | — | — | — | 6,620,992 | 6,620,992 |
| Balance - December 31, 2025 | 748,375 | $75 | 6,118,000 | $612 | $— | $(5,289,224) | $(5,288,537) |
STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, 2025 | For the Period from June 18, 2024 (inception) through December 31, 2024 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $6,620,992 | $1,042,224 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Payment of formation costs through issuance of Class B Ordinary Shares | — | 5,402 |
| Payment of operation costs through IPO Promissory Note - related party | — | 30,487 |
| Interest earned on cash and securities held in Trust Account | (7,267,039) | (1,217,835) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 93,914 | (85,685) |
| Due from Sponsor | (7,590) | (25,000) |
| Long-term prepaid insurance | 86,667 | (86,667) |
| Accounts payables and accrued expenses | 83,625 | 38,679 |
| Accrued offering costs | (75,264) | — |
| Net cash used in operating activities | (464,695) | (298,395) |
| Cash flows from investing activities: | ||
| Investment of cash into Trust Account | — | (173,362,500) |
| Net cash used in investing activities | — | (173,362,500) |
| Cash flows from financing activities: | ||
| Proceeds from sale of Public Units, net of underwriting discounts paid | — | 169,050,000 |
| Proceeds from sale of Private Placement Units | — | 6,483,750 |
| Repayment of IPO Promissory Note-related party | — | (329,693) |
| Payment of offering costs | — | (305,961) |
| Net cash provided by financing activities | — | 174,898,096 |
| Net Change in Cash | (464,695) | 1,237,201 |
| Cash - Beginning of period | 1,237,201 | — |
| Cash - End of period | $772,506 | $1,237,201 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Deferred offering costs included in accrued offering costs | $— | $100,264 |
| Deferred offering costs paid through IPO Promissory Note-related party | $— | $205,806 |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | $— | $19,598 |
| Accretion of Class A Ordinary Shares to redemption value | $— | $13,406,776 |
| Deferred underwriting fee payable | $— | $6,037,500 |
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