Newbury Street Acquisition Corporation Announces the Separate Trading of its Common Stock and Warrants, Commencing April 16, ...
14 Aprile 2021 - 10:15PM
Newbury Street Acquisition Corporation (NASDAQ: NBSTU, the
"Company") announced today that, commencing on April 16, 2021,
holders of the units sold in the Company’s initial public offering
may elect to separately trade shares of the Company’s common stock
and warrants included in the units. No fractional warrants will be
issued upon separation of the units and only whole warrants will
trade. The shares of common stock and warrants that are separated
will trade on The Nasdaq Stock Market LLC under the symbols "NBST"
and "NBSTW," respectively. Those units not separated will continue
to trade on The Nasdaq Stock Market LLC under the symbol “NBSTU”.
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 shares of
common stock and warrants.
The units were initially offered by the Company
in an underwritten offering. EarlyBirdCapital, Inc. acted as the
sole book-running manager of the offering.
Registration statements relating to these
securities were declared effective by the Securities and Exchange
Commission on March 22, 2021. The offering was made only by means
of a prospectus, copies of which may be obtained by contacting
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York,
New York 10017.
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. While the Company may pursue an acquisition or business
combination target in any business or industry, it intends to focus
its search on a technology business in the consumer internet or
media space, including sports and entertainment verticals, with
enterprise values of approximately $500 million to $2.5 billion.
The Company is sponsored by Newbury Street Acquisition Sponsor LLC.
The Company is led by Thomas Bushey, Chief Executive Officer and
Kenneth King, Chief Financial Officer. The Company’s directors
include Jennifer Vescio, Matthew Hong, and Teddy Zee. Additionally,
the Company’s advisors include Kenneth Ng, Ted Seides, and Katie
Soo.
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.
Contact:Thomas Bushey, CEO
Tom.bushey@newburystreetspac.com
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