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Newbury Street II Acquisition Corp. (NASDAQ: NTWOU) has announced that starting December 27, 2024, unit holders from its initial public offering can separately trade Class A ordinary shares and warrants. The separated securities will trade on Nasdaq under symbols NTWO (Class A shares) and NTWOW (warrants), while unseparated units continue trading as NTWOU.
Only whole warrants will be tradeable, with no fractional warrants issued. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units. The initial underwritten offering was managed by BTIG, , with the registration statement becoming effective on October 31, 2024.
Newbury Street II Acquisition Corp. (NASDAQ: NTWOU) ha annunciato che a partire dal 27 dicembre 2024, i detentori di unità della sua offerta pubblica iniziale potranno scambiare separatamente le azioni ordinarie di Classe A e i warrant. I titoli separati verranno scambiati su Nasdaq con i simboli NTWO (azioni di Classe A) e NTWOW (warrant), mentre le unità non separate continueranno a essere scambiate come NTWOU.
Solo i warrant interi saranno negoziabili, senza emissione di warrant frazionali. I detentori di unità devono contattare la Continental Stock Transfer & Trust Company tramite i loro broker per separare le unità. L’offerta iniziale garantita è stata gestita da BTIG, con la dichiarazione di registrazione che è diventata efficace il 31 ottobre 2024.
Newbury Street II Acquisition Corp. (NASDAQ: NTWOU) ha anunciado que a partir del 27 de diciembre de 2024, los titulares de unidades de su oferta pública inicial podrán comerciar por separado las acciones ordinarias de Clase A y los warrants. Los valores separados se comercializarán en Nasdaq bajo los símbolos NTWO (acciones de Clase A) y NTWOW (warrants), mientras que las unidades no separadas continuarán comerciándose como NTWOU.
Solo se podrán negociar warrants enteros, sin emisión de warrants fraccionarios. Los titulares de unidades deben contactar a Continental Stock Transfer & Trust Company a través de sus corredores para separar las unidades. La oferta inicial suscrita fue gestionada por BTIG, con la declaración de registro entrando en vigor el 31 de octubre de 2024.
뉴버리 스트리트 II 인수 법인 (NASDAQ: NTWOU)는 2024년 12월 27일부터 초기 공모에 참여한 주주들이 A 클래스 보통주와 워런트를 개별적으로 거래할 수 있다고 발표했습니다. 분리된 증권은 A 클래스 주식의 경우 NTWO, 워런트의 경우 NTWOW라는 심볼로 나스닥에서 거래되며, 분리되지 않은 유닛은 여전히 NTWOU로 거래됩니다.
온전한 워런트만 거래할 수 있으며, 분수 워런트는 발행되지 않습니다. 유닛 소유자는 유닛을 분리하기 위해 브로커를 통해 Continental Stock Transfer & Trust Company에 연락해야 합니다. 초기 인수 공모는 BTIG에서 관리했으며, 등록 서류는 2024년 10월 31일에 효력이 발생했습니다.
Newbury Street II Acquisition Corp. (NASDAQ: NTWOU) a annoncé qu’à partir du 27 décembre 2024, les détenteurs d’unités de son introduction en bourse pourront négocier séparément des actions ordinaires de Classe A et des warrants. Les valeurs mobilières séparées seront échangées sur le Nasdaq sous les symboles NTWO (actions de Classe A) et NTWOW (warrants), tandis que les unités non séparées continueront à être échangées sous NTWOU.
Seuls les warrants entiers seront négociables, sans émission de warrants fractionnés. Les détenteurs d’unités doivent contacter la Continental Stock Transfer & Trust Company par l’intermédiaire de leurs courtiers pour séparer les unités. L’offre publique initiale a été gérée par BTIG, la déclaration d’enregistrement étant entrée en vigueur le 31 octobre 2024.
Newbury Street II Acquisition Corp. (NASDAQ: NTWOU) hat angekündigt, dass ab dem 27. Dezember 2024 die Inhaber von Einheiten aus ihrem Börsengang die Klasse A Stammaktien und Warrants separat handeln können. Die getrennten Wertpapiere werden an der Nasdaq unter den Symbolen NTWO (Klasse A Aktien) und NTWOW (Warrants) gehandelt, während die nicht getrennten Einheiten weiterhin als NTWOU gehandelt werden.
Es werden nur ganze Warrants gehandelt, es werden keine teilweisen Warrants ausgegeben. Einheitseigentümer müssen die Continental Stock Transfer & Trust Company über ihre Broker kontaktieren, um Einheiten zu trennen. Das anfängliche überzeichnete Angebot wurde von BTIG verwaltet, wobei die Registrierungsanmeldung am 31. Oktober 2024 in Kraft trat.
Boston, MA, Dec. 26, 2024 (GLOBE NEWSWIRE) — Newbury Street II Acquisition Corp. (NASDAQ: NTWOU, the “Company”) announced today that, commencing on December 27, 2024, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on The Nasdaq Stock Market LLC under the symbols “NTWO” and “NTWOW,” respectively. Those units not separated will continue to trade on The Nasdaq Stock Market LLC under the symbol “NTWOU”. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.
The units were initially offered by the Company in an underwritten offering. BTIG, LLC acted as the sole book-running manager of the offering.
A registration statement relating to these securities were declared effective by the Securities and Exchange Commission on October 31, 2024. The offering was made only by means of a prospectus, copies of which may be obtained by contacting BTIG, LLC, 65 E. 55th Street, New York, New York 10022.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Newbury Street Acquisition Corporation
The Company is a special purpose acquisition company (“SPAC”) whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company is sponsored by Newbury Street II Acquisition Sponsor LLC. The Company is led by Thomas Bushey, Chief Executive Officer. The Company’s directors include Matthew Hong, Jennifer Vescio, Josh Gold and Ted Seides. The Company’s Chief Financial Officer is Jake Gudoian.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Investor Contact
Newbury Street II Acquisition Corp.
info@NewburyStreetII.com
(617) 334-2805
FAQ
When will Newbury Street II (NTWO) Class A shares start trading separately from warrants?
Newbury Street II’s Class A shares will begin trading separately from warrants on December 27, 2024, under the symbol NTWO on the Nasdaq Stock Market.
What are the new trading symbols for Newbury Street II’s separated securities?
The separated securities will trade under NTWO (Class A ordinary shares) and NTWOW (warrants), while unseparated units will continue trading as NTWOU.
How can NTWOU unit holders separate their units into shares and warrants?
Unit holders need to have their brokers contact Continental Stock Transfer & Trust Company, the company’s transfer agent, to separate units into Class A shares and warrants.
When did the SEC declare Newbury Street II’s registration statement effective?
The Securities and Exchange Commission declared the registration statement effective on October 31, 2024.
Will fractional warrants be issued when NTWOU units are separated?
No, fractional warrants will not be issued upon separation of the units, and only whole warrants will be eligible for trading.
