Newbury Street II Acquisition Corp has reported its financial results for the third quarter of 2025, revealing a net income of $1.73 million for the three months ending September 30, 2025, compared to a net loss of $25,780 during the same period in 2024. The company generated total revenue of $1.87 million, primarily from interest earned on cash and securities held in its Trust Account, which increased from zero in the prior year. For the nine months ended September 30, 2025, the net income was $5.10 million, a significant improvement from a loss of $41,602 in the same period of the previous year.
The company’s total assets as of September 30, 2025, amounted to $181.21 million, up from $176.11 million at the end of 2024. This increase was largely attributed to the growth in cash and securities held in the Trust Account, which rose to $180.11 million from $174.58 million. The company reported a working capital of $959,617, a decrease from $1.31 million at the end of 2024, reflecting increased general and administrative costs, which totaled $460,363 for the nine months ended September 30, 2025, compared to $41,602 for the same period in 2024.
In terms of operational developments, Newbury Street II Acquisition Corp has not yet identified a target for its initial business combination, which must be completed by November 4, 2026. The company has been actively evaluating potential acquisition candidates and incurred costs related to these efforts. As of the reporting date, 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 $10.44 per share.
The company has also undergone some organizational changes, including the appointment of two new directors to its board on May 28, 2025, following the resignation of a previous board member. The new directors have agreed to waive certain redemption rights and to vote in favor of any initial business combination. Looking ahead, the company acknowledges the risks associated with completing a business combination, including market conditions and potential economic downturns, which could impact its ability to execute its plans. The management remains optimistic about identifying suitable acquisition opportunities within the stipulated timeframe.
About Newbury Street II Acquisition Corp
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