# EDGAR Filing Document

**Accession Number:** 0001831978
**File Stem:** 0001104659-23-003686
**Filing Date:** 2023-1
**Character Count:** 19223
**Document Hash:** 1df138c21d61e0b6fbd2da0bef3f5bcb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-003686.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001104659-23-003686

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20230113

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Newbury Street Acquisition Corp
- **CENTRAL INDEX KEY:** 0001831978
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40251
- **FILM NUMBER:** 23527700

**BUSINESS ADDRESS:**
- **STREET 1:** 121 HIGH STREET FLOOR 3
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 16178943057

**MAIL ADDRESS:**
- **STREET 1:** 121 HIGH STREET FLOOR 3
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

?xml version="1.0" encoding="utf-8"?

**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): January 13, 2023**

**Newbury Street Acquisition Corporation**

**(Exact Name of Registrant as Specified in Charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40251** | **85-3985188** |
| **(State or Other Jurisdiction<br> of Incorporation)** | **(Commission<br> File Number)** | **(IRS Employer<br> Identification No.)** |

---

---

| | |
|:---|:---|
| **121 High Street, Floor 3** |  |
| **Boston, MA** | **02110** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

 **(617) 893-3057**

**(Registrant's telephone number, including area code)**

**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 (see General Instruction A.2. below):

---

| | |
|:---|:---|
| ⌧ | 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 <br> Symbol(s)** | **Name of each exchange <br> on which registered** |
| **Units, each consisting of one share of Class A ordinary shares 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** |
| **Redeemable warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50** | **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 ⌧

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 7.01. Regulation FD Disclosure.**

As previously disclosed, on December 12, 2022, Newbury Street Acquisition Corporation, a Delaware Corporation (the "Purchaser"), entered into an Agreement and Plan of Merger (the "Merger Agreement") by and among (i) the Purchaser, (ii) Infinite Reality Holdings, Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Purchaser ("Pubco"), (iii) Infinity Purchaser Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of Pubco ("Purchaser Merger Sub"), (iv) Infinity NBIR Company Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of Pubco ("Company Merger Sub" and, together with Purchaser Merger Sub, the "Merger Subs," and the Merger Subs collectively with the Purchaser and Pubco, the "Purchaser Parties"), and (v) Infinite Reality, Inc., a Delaware corporation (the "Target").

Attached hereto as Exhibit 99.1 and incorporated by reference herein is an Investor Presentation that the Target has prepared with the Purchaser for use in meetings and conferences with investors.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and will not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

**Important Information and Where to Find It** 

In connection with the proposed business combination, the Purchaser and Pubco, as applicable, plan to file relevant materials with the SEC, including a registration statement on Form S-4, which will include a preliminary proxy statement/prospectus and other documents relating to the proposed business combination. After the registration statement is declared effective by the SEC, the Purchaser will mail the definitive proxy statement/final prospectus to holders of shares of Purchaser common stock of a record date to be established in connection with the Purchaser's solicitation of proxies for vote by Purchaser shareholders with respect to the proposed business combination and other matters as described in the proxy statement/prospectus. Purchaser shareholders and other interested persons are urged to read the preliminary proxy statement/prospectus and the amendments thereto, the definitive proxy statement/final prospectus, and documents incorporated by reference therein, as well as other documents filed with the SEC in connection with the proposed business combination as these materials will contain important information about the proposed business combination. Shareholders will be able to obtain copies of the preliminary and definitive proxy statement/prospectus and other documents containing important information about the Purchaser, the Target and the proposed business combination filed with the SEC once such documents are available on the website maintained by the SEC at <u>www.sec.gov</u>.

**Participants in the Solicitation** 

The Purchaser and the Target and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of the Purchaser in connection with the proposed transactions under the rules of the SEC. Information about the directors and executive officers of the Purchaser and their ownership of shares of the Purchaser's common stock is set forth in its Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 31, 2022, and in subsequent documents filed with the SEC, including the joint proxy statement/prospectus to be filed with the SEC. Additional information regarding the persons who may be deemed participants in the proxy solicitations and a description of their direct and indirect interests in the proposed transactions, by security holdings or otherwise, will also be included in the joint prospectus/proxy statement and other relevant materials to be filed with the SEC when they become available.

**No Offer or Solicitation**

This communication is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities in connection with the proposed business combination shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

**Forward Looking Statements** 

This communication contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may generally be identified by terminology such as "will," "shall," "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words or expressions that predict or indicate future events or trends that are not statements of historical matters. These statements are only predictions. The Purchaser and the Target have based these forward-looking statements largely on their then-current expectations and projections about future events and financial trends as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond each of the Purchaser's and the Target's control. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: (i) risks associated with the Purchaser's ability to obtain the shareholder approval required to consummate the proposed transactions and the timing of the closing of the proposed transaction, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing of the proposed transactions will not occur; (ii) the outcome of any legal proceedings that may be instituted against the parties and others related to the proposed transactions; and (iii) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the proposed transactions. We refer you to the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Purchaser's Annual Report on Form 10-K for the year ended December 31, 2021, and other filings made with the SEC and that are available on the SEC's website at www.sec.gov. All of the forward-looking statements made in this Current Report on Form 8-K are expressly qualified by the cautionary statements contained or referred to herein. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Neither the Purchaser nor the Target can assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this communication relate only to events as of the date on which the statements are made. Except as required by applicable law or regulation, the Purchaser and the Target undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of an unanticipated event.

**Item 9.01 Financial Statements and Exhibits.** 

(d) <u>Exhibits</u>:

---

| | |
|:---|:---|
| **Exhibit** | **Description** |
| [99.1](tm233410d1_ex99-1.htm) | [Investor Presentation](tm233410d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**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.

Dated: January 13, 2023

---

| | |
|:---|:---|
| Newbury Street Acquisition Corporation | Newbury Street Acquisition Corporation |
| By: | /s/ Thomas Bushey |
|  | Thomas Bushey |
|  | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](image_001.jpg)

INVESTOR UPDATE AGENDA ● Introduction to Newbury Street Acquisition Corporation (Nasdaq: NBST) w/ Tom Bushey, CEO & Director of NBST ● Recent Inﬁnite Reality News w/ John Acunto, CEO ● Live Demo of Discovery Sports Events' Track Champions League Metaverse w/ Elliott Jobe, CIO ● FAQ w/ John Acunto, CEO

![](image_002.jpg)

NEWBURY STREET OVERVIEW Private and Conﬁdential 5 Newbury Street's executive and advisory teams have extensive deal - making and business - building experience. Tom Bushey, CEO & Director Matt Hong, Chairman of the Board Ɣ Ɣ ● Former COO of Turner Sports; oversaw the management of key sports businesses and properties including Bleacher Report, NBA, NCAA Digital and March Madness Live, SI Digital, NASCAR.com, PGA, GOLF.com, and the B/R Live OTT offering. Led several company milestones including the original and current NCAA rights agreements, the current renewal of Turner's partnership with the NBA, the acquisition of Bleacher Report, and the acquisition of UEFA Champions League rights. Previously, executive at AOL overseeing the company's multi - billion - dollar partnership with Google. Kenneth King, CFO & Director Jennifer Vescio, Director Teddy Zee, Director Katie Soo, Advisor Ted Seides, Advisor Ɣ Ɣ Ɣ Ɣ ● Founder and CEO of Sunderland Capital Partners, an operationally focused, long term oriented investment ﬁrm investing in emerging technologies and consumer Internet. Board member of Ondas Holdings . Brings a wealth of experience from his two decade long career as an investor, board member and capital allocator . Lead investor for the private equity round into WM Holdings and also a major shareholder in Edreams Odigeo SL, a major online travel agency in Europe and a large player in ﬂights globally . Previously a Portfolio Manager at Blackrock ; investment roles at Millennium Partners and Credit Suisse First Boston .

![](image_003.jpg)

Announced Business Combinations 01/06/23 FG Merger Corp. Larry G. Swets / D. Kyle Cerminara iCoreConnect TMT — $80.5 $98.0 1.2x $10.22 0.3% 0.0% 2.2% 01/05/23 StoneBridge Acquisition Corporation Bhargava Marepally / Prabhu Antony DigiAsia Tech Enabled Services — 200.0 500.0 2.5 10.28 0.0 (0.2) 2.8 01/04/23 Alpha Healthcare Acquisition Corp. III Rajiv Shukla Carmell Therapeutics Biotech — 154.0 188.4 1.2 9.98 0.6 0.3 (0.2) 01/03/23 Nocturne Acquisition Corp Henry Monzon / Ka Seng Cognos Therapeutics Non - Biotech Healthcare — 115.0 120.0 1.0 10.63 (0.2) (0.2) 6.3 01/03/23 Monterey Capital Acquisition Corporation Bala Padmakumar ConnectM Energy / Energy Transition — 92.0 145.0 1.6 10.05 0.2 0.2 0.5 12/29/22 Prime Number Acquisition I Corp. Dongfeng Wang Noco - Noco Industrials — 64.5 1,350.0 20.9 10.18 0.2 0.3 1.8 12/27/22 HNR Acquisition Corp Donald Goree CIC Pogo and DenCo Resources Energy / Energy Transition — 86.3 120.0 1.4 10.27 0.4 0.8 2.7 12/23/22 Ace Global Business Acquisition Limited Eugene Wong / Nicholas Tan LE Worldwide Industrials — 46.0 150.0 3.3 10.67 0.5 0.4 6.7 12/22/22 Liberty Resources Acquisition Corp. Dato' Maznah Binti Abdul Jalil Caspi Oil Gas Energy / Energy Transition — 115.0 463.7 4.0 10.26 0.5 0.6 2.6 12/22/22 dMY Technology Group, Inc. VI Harry L. You Rainwater Tech TMT — 242.0 200.0 0.8 10.06 0.1 0.8 0.6 12/21/22 10X Capital Venture Acquisition Corp. III Hans Thomas Sparks Energy Industrials — 300.0 475.0 1.6 10.00 2.4 (2.4) 0.0 12/19/22 Edify Acquisition Corp Colbeck Capital Management Unique Logistics Industrials — 276.0 Not Disclosed — 10.10 0.1 0.6 1.0 12/15/22 M3 - Brigade Acqusition III Corp. Mohsin Meghji Greenfire Resources Energy / Energy Transition $100.0 300.0 950.0 3.2 10.17 0.3 0.7 1.7 12/15/22 Global System Dynamics, Inc. David Gladstone DarkPulse (Global System Dynamics) TMT — 105.0 145.0 1.4 10.34 0.1 1.2 3.4 12/14/22 Rice Acquisition Corp. II Daniel Rice / Kyle Derham NET Power Energy / Energy Transition 235.0 345.0 1,459.0 4.2 10.16 (0.1) 0.2 1.6 12/13/22 GoGreen Investments Corporation John Dowd Lifezone Metals Energy / Energy Transition 70.0 276.0 681.0 2.5 10.40 0.2 1.0 4.0 12/13/22 Priveterra Acquisition Corp Robert Palmisano / Vikram Malik AEON Biopharma Biotech — 276.0 201.8 0.7 10.07 0.3 0.5 0.7 12/13/22 Kairous Acquisition Corp. Limited Joseph Moh Hon Lee / Kean Yaw See Toh Wellous Consumer — 78.0 270.0 3.5 10.37 0.3 0.9 3.7 12/13/22 Fifth Wall Acquisition Corp. III Fifth Wall Asset Management Mobile Infrastructure Financials 10.0 275.0 550.0 2.0 10.04 0.0 0.3 0.4 12/12/22 GigCapital5, Inc. Avi S. Katz QT Imaging Non - Biotech Healthcare — 230.0 219.0 1.0 10.29 0.9 1.2 2.9 12/12/22 Newbury Street Acquisition Corp Thomas Bushey / Kenneth King Infinite Reality TMT — 128.0 1,850.0 14.5 10.02 0.1 0.6 0.2 12/09/22 Better World Acquisition Corp. N\*GEN Heritage Distilling Consumer — 126.0 122.2 1.0 10.50 0.5 0.9 5.0 12/08/22 PHP Ventures Acquisition Corp. Marcus Choo Yeow Ngoh / Garry Richard Stein Modulex Real Estate — 58.0 723.0 12.5 10.44 0.7 1.3 4.4 12/08/22 7GC & Co. Holdings Inc. 7GC / Thomas Hennessy Banzai TMT — 230.0 380.0 1.7 10.13 0.0 0.8 1.3 12/07/22 Edoc Acquisition Corp. Horizon Financial / Yuan Ming Capital Australian Oilseeds Investments Consumer — 90.0 190.0 2.1 10.50 0.0 1.3 5.0 Last 25 Announced Deals Total $415.0 $4,288.3 $11,551.1 — — — — — Average 16.6 171.5 481.3 3.7x $10.24 0.3% 0.5% 2.4% Median 0.0 128.0 244.5 1.8 10.22 0.2 0.6 2.2 Trading Performance Ann. PIPE Size IPO S ize EV EV / Last Si n ce Si n ce Date SPAC Sponsor Target Target Industry (USD in m) (USD in m) (USD in m) IPO Size S a le P r ice Last Week A n n. From $10 Recent Announced SPAC Mergers ANNOUNCED BUSINESS COMBINATIONS – LAST 25 Source: Data and analytics provided by S&P Global Market Intelligence, company filings, Cowen ECM Analytics as of market close January 6, 2023 12

![](image_004.jpg)

FAQ ● Do you think it's a good time to go public? ○ Now is a great time to go public. There's a lack of high - quality growth companies and we ﬁt the bill. Our initial feedback from investors has been positive. ● What is the timeline and expectations to go public? ○ The plan is to complete the merger and be public this Spring ● The SPAC looks like it expires in March, are they going to ﬁle an extension? ○ Yes ● What is the lockup period? ○ We are likely to have no lockup for small shareholders ○ Larger shareholders will have a lockup ○ We want to be cognizant and provide a balance of liquidity and value for our shareholders ● How much money do we expect to raise/close to have on the balance sheet when the DeSPAC closes? ○ NBST intends to secure $100m to facilitate the business combination ● Are we worried about competing with Meta? ○ No