Newbury Street II Acquisition FY26 Q2 net income drops to $311,304; general and administrative costs rise to $1.32 million
Reuters2026/08/13 10:06Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Newbury Street II Acquisition posted Q2 net income of USD 311,304, down 81.53% from USD 1.69 million a year earlier.
- Interest income from Trust Account investments fell 11.71% to USD 1.62 million, while general and administrative costs jumped to USD 1.32 million.
- First-half net income slid 49.64% to USD 1.7 million, as general and administrative costs rose to USD 1.54 million.
- Trust Account marketable securities totaled USD 185.07 million as of June 30, 2026, including USD 11.71 million of interest income.
- Working capital deficit widened to USD 776,222, with operating cash of USD 396,294; the SPAC has until Nov. 4, 2026 to close a deal.
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: 0001213900-26-088583), on August 13, 2026, and is solely responsible for the information contained therein.
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