Newbury Street II Acquisition Corp

Newbury Street II Acquisition Corp (NTWO) reported a going concern doubt due to its liquidity condition and the approaching mandatory liquidation date of November 4, 2026, if a business combination is not completed. As of June 30, 2026, the SPAC had not entered into a definitive agreement with any target. The company experienced a decrease in net income and an increase in its accumulated deficit for the six months ended June 30, 2026, compared to the prior year.

Newbury Street II Acquisition Corp reported a net income of $1.39 million for the three months ended March 31, 2026, a decrease from $1.69 million in the same period last year. The company's general and administrative costs increased, while interest earned on its Trust Account decreased. The SPAC continues to seek a business combination, with a deadline of November 4, 2026, and noted board changes from May 2025.