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Newbury Street II Acquisition Q1 FY26 net income falls to $1.39 million
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Newbury Street II Acquisition Q1 FY26 net income falls to $1.39 million
  • Newbury Street II Acquisition posted net income of USD 1.39 million for quarter ended March 31, 2026, down from USD 1.69 million a year earlier.
  • Interest earned on marketable securities held in Trust Account fell to USD 1.6 million from USD 1.83 million, while general and administrative costs climbed to USD 219,150 from USD 155,106.
  • Cash in operating account declined to USD 497,393 at March 31, 2026 from USD 772,506 at Dec. 31, 2025, with working capital narrowing to USD 536,236 from USD 748,963.
  • Marketable securities held in Trust Account rose to about USD 183.45 million from USD 181.85 million, including about USD 10.08 million of interest income versus USD 8.48 million.
  • Management flagged substantial doubt about going concern tied to mandatory liquidation date of Nov. 4, 2026 if no Business Combination is completed, while stating current working capital is expected to fund operations for 12 months from issuance of the financial statements.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newbury Street II Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-055084), on May 12, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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