Newbury Street Ends Merger Agreement, Faces Liquidation Risk
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Newbury Street Acquisition Corporation has terminated its merger agreement with Infinite Reality, Inc. A payment will be made to the purchaser by the target company. If Newbury Street cannot secure a new business combination by March 25, 2025, it will face liquidation. The company's year-to-date price performance is -3.01%, with an average trading volume of 555 and a market cap of $7.07 million. The consensus rating for NBST stock is 'Buy'.
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