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425 ·Filed Aug 18, 2026

NTWO

Newbury Street II Acquisition Corp
NEUTRAL
Impact 4/10
Horizonweeks Processed2mo ago SEC0001213900-26-091193
Rule 425 M&A communications
Actionable Insight • Neutral

Monitor for the filing of the S-4 registration statement and definitive proxy statement, which will contain the shareholder vote date and redemption details. The key risk for SPAC holders is the redemption rate, which will determine the cash available to the combined company post-close. No trading catalyst from this filing alone.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled — T+20d ⚠ clustered
NTWO ▼ -6.27% at T+20d
NEUTRAL call -6.27% · α vs SPY -5.28% · entry $11.65 → $10.92
Next anchor: T+60d in 14d
Latest observation: T+47 -7.86% FF3 residual α
Entry = T+0 close
Aug 18, 2026
via day close
T+1d
-1.12%
call -1.12% · α -1.33%
$11.52
settled 2mo ago
T+5d
-3.69%
call -3.69% · α -3.49%
$11.22
settled 2mo ago
T+20d
-6.27%
call -6.27% · α -5.28%
$10.92
settled 6w ago
T+60d
Pending
in 14d

Price Chart

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Executive Summary

Newbury Street II Acquisition Corp (SPAC) filed a Rule 425 communication in connection with its proposed business combination with Fort Robotics, Inc. The filing consists solely of a LinkedIn post by Fort Robotics' Founder and CEO Samuel Reeves, which contains no new material information about the deal terms, timeline, or regulatory status. This is a routine procedural filing to comply with SEC Rule 425 and Rule 14a-12, confirming the active deal process but providing no actionable updates for traders.

Key Financial Metrics

Deal Value
$500.0M
Deal Type
merger

Key Facts

  • Fort Robotics Founder and CEO Samuel Reeves shared a LinkedIn post on August 18, 2026, regarding the proposed business combination with Newbury Street II Acquisition Corp.
  • The filing contains no new information about deal terms, valuation, financing, regulatory approvals, or shareholder vote timeline.
  • The aggregate merger consideration is $500 million in SPAC common stock, with a $31.25 million PIPE financing at $10.00 per share (effective price $9.20 after incentive shares), as detailed in the prior 8-K filing.
  • The SPAC intends to file an S-4 registration statement with the SEC, which will include proxy/prospectus materials for shareholder consideration.
  • Multiple 425 filings on the same day indicate an active deal process but no escalation or opposition is noted.

Financial Impact

No new financial information disclosed; prior deal terms: $500M aggregate merger consideration in SPAC common stock, $31.25M PIPE at $10.00/share (effective $9.20)

Risk Factors

  • Shareholder redemptions could reduce the cash available to the combined company post-close
  • Fort Robotics has a limited operating history and is pursuing an emerging technology with commercialization risks
  • The transaction is subject to regulatory approvals and shareholder vote, with no guarantee of completion

Market Snapshot

Exchange
Nasdaq
Sector
Blank Checks

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001213900-26-091193
Document: 0001213900-26-091193-index-headers.html0001213900-26-091193
Document: 0001213900-26-091193-index.html0001213900-26-091193
Document: 0001213900-26-091193.txt0001213900-26-091193
15 reports for NTWO
Performance horizon
0% Hit rate @ T+1 0 of 3 directional calls Went positive at some point 0 of 3 best @ T+5▼ −0.07%Oct 1, 2026
Filters
Rows
Reports for NTWO — sortable, filterable
TypeNow
Oct 22, 2026
5d ago
425
BULLISH ★ 6/10
$10.84 $10.83▼ −0.09%▲ +0.43%$10.86 (+0.18%)
Oct 22, 2026
5d ago
8-K
BULLISH ★ 6/10
$10.84 $10.83▼ −0.09%▲ +0.43%$10.86 (+0.18%)
Oct 9, 2026
18d ago
DEF 14A
NEUTRAL ★ 5/10
$10.81 $10.82▲ +0.09%▲ +0.10%$10.86 (+0.46%)
Oct 6, 2026
21d ago
SC 13G/A
NEUTRAL ★ 2/10
$10.81 $10.82▲ +0.09%▲ +0.33%$10.86 (+0.46%)
Oct 1, 2026
26d ago
425
BULLISH ★ 5/10
$10.83 $10.81▼ −0.16%▼ −0.90%$10.86 (+0.30%)
Sep 30, 2026
27d ago
425
NEUTRAL ★ 5/10
$10.83 $10.81▼ −0.16%▼ −0.90%$10.86 (+0.30%)
Sep 30, 2026
27d ago
8-K
NEUTRAL ★ 5/10
$10.83 $10.81▼ −0.16%▼ −0.90%$10.86 (+0.30%)
Sep 28, 2026
29d ago
8-K
NEUTRAL ★ 2/10
$10.83 $10.83· 0.00%▲ +0.21%$10.86 (+0.32%)
Aug 24, 2026
9w ago
425
NEUTRAL ★ 4/10
$11.22 $11.24▲ +0.18%▲ +0.16%$10.86 (−3.21%)
Aug 24, 2026
9w ago
425
NEUTRAL ★ 3/10
$11.22 $11.24▲ +0.18%▲ +0.16%$10.86 (−3.21%)
Showing 10 of 15

US Market Status

Market Closed — Opens Thu (11h 28m)

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Report published Aug 18, 2026