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Newbury Street (NBST) has issued an update.
Newbury Street Acquisition Corporation is set to merge with Infinite Reality, Inc., consolidating under a complex structure involving multiple wholly-owned subsidiaries. The anticipated $350 million investment in Infinite Reality is expected to be funded shortly, promising significant financial developments for stakeholders. This transaction, while reported, is not for regulatory filing purposes under the Securities Exchange Act of 1934.
Learn more about NBST stock on TipRanks’ Stock Analysis page.