Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that the liquidity condition and mandatory liquidation, should a Business Combination not occur, raise substantial doubt about the Company's ability to continue as a going concern for a period of time within one year after the date that the accompanying unaudited condensed financial statements are issued.”View the 10-Q filed Aug 13, 2026
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Newbury Street II agreed to issue 1,000,000 additional common shares at $10.00 per share for $10.00 million. FORT Robotics, Inc. announced approximately $20 million in additional funding, bringing total business-combination commitments to more than $50 million.
Newbury Street II Acquisition Corp will ask shareholders on October 28, 2026 to extend its Fort Robotics deal deadline from November 4, 2026 to February 4, 2027, ratify WithumSmith+Brown, PC as auditor for 2026, and permit adjournment if votes are insufficient.
Newbury Street II Acquisition Corp engaged Donerail for transaction advisory services, paying $350,000 and reimbursing up to $75,000 at closing, plus equity corresponding to approximately 599,166 Class B ordinary shares; William Zachre Wyatt resigned as a director.
Newbury Street II Acquisition Corp will hold an extraordinary general meeting. Nasdaq Stock Market LLC requires the company’s first annual meeting by December 31, 2026; proposals due no later than October 8, 2026, and Class I director terms will not expire.
Newbury Street II Acquisition Corp seeks shareholder approval to extend the Fort Robotics Business Combination deadline from November 4, 2026 to February 4, 2027, ratify WithumSmith+Brown, PC for the year ending December 31, 2026, and permit meeting adjournment; failure to extend risks liquidation.
