Newbury Street II Acquisition Corp (Nasdaq: NTWOU), announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NTWOU”, Friday, November 1, 2024.
The new SPAC intends to capitalize on the deal making and business building experience of their management team when conducting the search for a target business.
The sponsor team for Newbury Street II is to be led by Chief Executive Officer and Director Thomas Bushey, Chairman Matthew Hong, and Chief Financial Officer Jake Gudoian. Its Board is to be made up of Jennifer Vescio, Josh Gold and Ted Seides.
Total SPAC deal count for 2024 year-to-date is now 42. This offering is expected to close on Monday, November 4, 2024.
BTIG, LLC is acting as sole book-running manager and representative of the underwriters in the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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