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NBST does not currently pay a dividend.
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Newbury Street Acquisition Corporation currently lacks substantial active business operations. Its primary purpose is to pursue a strategic business combination, such as a merger, share exchange, asset acquisition, stock purchase, corporate restructuring, or comparable transaction, involving one or more existing enterprises. Established in 2020, the firm's principal office is situated in Boston, Massachusetts.
Transactions Fuel Growth and Innovation Initiatives and Help Cement Company's Position as a Leader in Immersive Platform Technology and Enterprise Services Transactions Fuel Growth and Innovation Initiatives and Help Cement Company's Position as a Leader in Immersive Platform Technology and Enterprise Services
NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality (“Infinite Reality” or “iR”), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced that, on June 10, 2024, its partner for its previously announced business combination (the “Business Combination”), Newbury Street Acquisition Corporation (Nasdaq: NBST) (“Newbury” or the “Company”), received notice from the Nasdaq Office of General Counsel that the Nasdaq Hearings Panel (the “Panel”) had granted the Company's request to continue its listing on Nasdaq through September 23, 2024 (the “Extended Date”).
Boston, MA, May 03, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ: NBST, the "Company") announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Infinite Reality (“iR” or the “Company”), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced that its previously announced business combination partner, Newbury Street Acquisition Corporation (Nasdaq: NBST) (“Newbury”), has engaged BTIG, LLC (“BTIG”) as its capital markets advisor.
Acquisition of the Drone Racing League, the global, premier, professional sports property that merges the digital with the real, will accelerate Infinite Reality's valuation to $3.5 billion Acquisition of the Drone Racing League, the global, premier, professional sports property that merges the digital with the real, will accelerate Infinite Reality's valuation to $3.5 billion