Newbury Street II Acquisition FY26 Q2 net income drops to $311,304; general and administrative costs rise to $1.32 million - NTWO News | RalliesNewbury Street II Acquisition FY26 Q2 net income drops to $311,304; general and administrative costs rise to $1.32 million
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NTWO• Quarterly results and trust account update
- 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.
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