Newbury Street II Acquisition Corp to merge with FORT Robotics, Inc. in a $500M deal
Newbury Street II Acquisition Corp agreed to merge with FORT Robotics, Inc., an Information Technology company, at a headline value of $500M.
The agreement was announced on Tuesday 18 August, and we hold no shareholder vote date for it yet.
The companies expect to close in Q4 2026.
A $31.3M PIPE is committed alongside the deal, and the combined company is to trade as FROB.