Form 8-K - Current report
December 29 2023 - 5:20PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): December 29, 2023
Newbury Street Acquisition Corporation
(Exact name of registrant as specified in its charter)
Delaware |
|
001-40251 |
|
85-3985188 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
121 High Street, Floor 3, Boston, MA
(Address of principal executive offices)
02110
(Zip Code)
Registrant’s telephone number, including
area code: (617) 893-3057
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant
to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange
on which registered |
Units, each consisting of one share of Common Stock and one-half of one redeemable warrant |
|
NBSTU |
|
The Nasdaq
Stock Market LLC |
|
|
|
|
|
Common
Stock, par value $0.0001 per share |
|
NBST |
|
The Nasdaq
Stock Market LLC |
|
|
|
|
|
Warrants, each exercisable for one share of Common Stock for $11.50 per share |
|
NBSTW |
|
The Nasdaq
Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company x
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
5.07. Submission of Matters to a Vote of Security Holders.
On
December 29, 2023, Newbury Street Acquisition Corporation (the “Company”) held its 2023 annual meeting of stockholders
for the fiscal year ended December 31, 2022 (the “Annual Meeting”). At the Annual Meeting, stockholders (i) re-elected
two directors as the Class B directors of the Company’s board of directors (the “Board”) until the annual meeting
of the stockholders of the Company to be held in 2026 or until a successor is appointed and qualified (the “Director Election
Proposal”) and (ii) ratified the selection by the audit committee of the Board of Marcum LLP (“Marcum”),
to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2023 (the “Auditor
Ratification Proposal”, and together with the Director Election Proposal, the “Proposals”).
At
the Annual Meeting, 5,857,433 shares of the Company’s common stock, par value $0.0001 per share, were outstanding and entitled
to vote on the Proposals. Set forth below are the final voting results for each of the Proposals:
Director Election Proposal
Teddy
Zee and Matthew Hong were re-elected to serve as the Class B directors of the Company. The election of Teddy Zee and Matthew Hong
required a plurality of the votes cast by the Company’s stockholders represented in person (including virtually) or by proxy at
the Annual Meeting and entitled to vote thereon. “Plurality” means that the individuals who received the largest number of
votes cast “FOR” were elected as directors. The voting results were as follows:
| |
For | |
Withhold |
Teddy Zee | |
4,557,864 | |
7,065 |
Matthew Hong | |
4,557,864 | |
7,065 |
Auditor Ratification Proposal
The
Company’s stockholders ratified the selection of Marcum to serve as the Company’s independent registered public accounting
firm for the year ending December 31, 2023. Approval of the Auditor Ratification Proposal required the affirmative vote of the majority
of the votes cast by the Company’s stockholders represented in person (including virtyally) or by proxy at the Annual Meeting and
entitled to vote thereon. The voting results were as follows:
For | |
Against | |
Abstain |
4,564,825 | |
0 | |
104 |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
Newbury Street Acquisition Corporation |
|
|
|
|
By: |
/s/ Thomas Bushey |
|
|
Name: |
Thomas Bushey |
|
|
Title: |
Chief Executive Officer |
|
|
|
Date: December 29, 2023 |
|
|
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Dec. 29, 2023 |
Document Information [Line Items] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Dec. 29, 2023
|
Entity File Number |
001-40251
|
Entity Registrant Name |
Newbury Street Acquisition Corporation
|
Entity Central Index Key |
0001831978
|
Entity Tax Identification Number |
85-3985188
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
121 High Street, Floor 3
|
Entity Address, City or Town |
Boston
|
Entity Address, State or Province |
MA
|
Entity Address, Postal Zip Code |
02110
|
City Area Code |
617
|
Local Phone Number |
893-3057
|
Written Communications |
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Pre-commencement Issuer Tender Offer |
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Entity Emerging Growth Company |
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|
Elected Not To Use the Extended Transition Period |
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|
Units, each consisting of one share of Common Stock and one-half of one Redeemable Warrant [Member] |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
Units, each consisting of one share of Common Stock and one-half of one redeemable warrant
|
Trading Symbol |
NBSTU
|
Security Exchange Name |
NASDAQ
|
Common Stock [Member] |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
Common
Stock, par value $0.0001 per share
|
Trading Symbol |
NBST
|
Security Exchange Name |
NASDAQ
|
Warrant [Member] |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
Warrants, each exercisable for one share of Common Stock for $11.50 per share
|
Trading Symbol |
NBSTW
|
Security Exchange Name |
NASDAQ
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