Newbury Street II Acquisition Corp Reports $6.6M Net Income for Fiscal Year 2025

Newbury Street II Acquisition Corp, a special purpose acquisition company (SPAC), reported a net income of $6.6 million for the fiscal year ending December 31, 2025, a significant increase from the $1.04 million net income recorded in the previous fiscal period. This growth was primarily driven by interest income from marketable securities held in the Trust Account, which amounted to $7.27 million, compared to $1.22 million in the prior year. The company has not yet engaged in any operational activities or generated revenue from business operations, as it is still in the process of identifying a target for its initial business combination.

The company completed its Initial Public Offering (IPO) on November 4, 2024, raising gross proceeds of $172.5 million from the sale of 17.25 million Public Units, which included the full exercise of an over-allotment option. Additionally, it raised $6.48 million through a private placement of 648,375 Private Placement Units. As of December 31, 2025, the Trust Account held approximately $181.85 million, reflecting a slight increase from $174.58 million at the end of 2024. The company has until November 4, 2026, to complete its initial business combination, or it will liquidate and return funds to shareholders.

Operationally, Newbury Street II Acquisition Corp has maintained a lean structure, with only two officers and no full-time employees. The company incurred general and administrative costs of $688,452 during the year, up from $175,611 in the previous period, as it ramped up efforts to identify and evaluate potential acquisition targets. The company’s working capital as of December 31, 2025, was approximately $748,963, down from $1.31 million in 2024, indicating a need for careful management of resources as it approaches the end of its combination period.

The management team, led by CEO Thomas Bushey, is focused on leveraging its extensive network and experience to identify suitable acquisition targets. The company has not yet selected a target but is actively evaluating opportunities across various sectors. The filing indicates that the management team is prepared to seek additional financing if necessary to complete a business combination, although no specific arrangements have been made at this time.

Looking ahead, Newbury Street II Acquisition Corp faces several risks, including the potential inability to complete a business combination within the designated timeframe, which could lead to liquidation. The company has acknowledged the uncertainty surrounding market conditions and competition for attractive acquisition targets, which may impact its ability to execute its strategy effectively. The management remains optimistic about identifying a suitable target and completing a business combination before the deadline.