Newbury Street II Acquisition Corp Reports $1.7 Million Net Income for Quarter Ending June 30, 2025

Newbury Street II Acquisition Corp reported its financial results for the quarter ending June 30, 2025, revealing a net income of $1.7 million, a significant increase from a net loss of $15,822 during the same period last year. The company generated $1.8 million in interest income from cash and securities held in its Trust Account, which totaled $178.2 million as of June 30, 2025, compared to $174.6 million at the end of 2024. Operating costs for the quarter were $164,940, leading to a loss from operations of $164,940, which was offset by the interest income.

In terms of operational changes, Newbury Street II Acquisition Corp has maintained its focus on identifying potential acquisition targets since its inception in June 2024. The company has not yet completed any business combinations but has been actively evaluating candidates. As of June 30, 2025, the company had 17,998,375 Class A Ordinary Shares and 6,118,000 Class B Ordinary Shares outstanding. The Class A shares are subject to possible redemption, with 17.25 million shares issued and outstanding at a redemption value of $10.33 per share.

Strategically, the company has made significant changes to its board of directors. On May 28, 2025, Matthew Hong resigned as chairman and a member of the board, and Anthony James Vinciquerra and William Zachre Wyatt were appointed as new directors. Vinciquerra was also named chairman of the board. These changes are part of the company's efforts to strengthen its leadership as it prepares for its initial business combination.

The company has reported a working capital of $1.06 million as of June 30, 2025, indicating sufficient liquidity to cover operational expenses for at least the next year. Newbury Street II Acquisition Corp has also indicated that it does not anticipate needing to raise additional funds to meet its operational expenditures. However, it acknowledged the potential need for further financing to complete a business combination or to address any significant redemptions of public shares.

Looking ahead, Newbury Street II Acquisition Corp remains focused on completing its initial business combination by the deadline of November 4, 2026. The company is actively seeking acquisition opportunities and is prepared to extend its combination period if necessary, subject to shareholder approval. The management team continues to monitor market conditions and potential targets to ensure a successful transaction.