Newbury Street II Acquisition Corp Class A Ordinary Shares

Mark Cuban-backed FORT Robotics and Newbury Street II Acquisition have agreed to combine in a deal valuing the merged company at a pro forma enterprise value of $556.6 million. The combined company will be named FORT Robotics Holdings and is expected to list on Nasdaq under the ticker FROB. The companies said FORT has signed commitments for more than $31 million in PIPE and non-redemption investments from investors including Tiger Global, Prologis Ventures, and Mark Cuban. The deal creates the first publicly traded company dedicated principally to the safe and scalable deployment of physical AI, as a universal safety layer across the robotics industry.