Newbury Street II Acquisition Corp Announces Closing of $172.5 Million Initial Public Offering

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New York, NY, Nov.04, 2024 (GLOBE NEWSWIRE) -- Newbury Street II Acquisition Corp (the "Company") today announced the closing of its initial public offering of 17,250,000 units, which includes 2,250,000 units issued pursuant to the exercise of the underwriter's  over-allotment option in full.

Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "NTWO" and "NTWOW," respectively.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share.

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Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United States

Topics: Press Releases IPOs NWTO News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 21:01:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23426283

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