Newbury Street Acquisition Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.
IPO Year: 2021
Exchange: NASDAQ
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BOSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury" or "NBST"), announced today that Infinite Reality ("iR or the "Company"), an innovation company powering the next generation of digital media and ecommerce through AI and immersive technologies, today announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, elevating the Company's valuation to $5.1 billion. This investment, entirely in equity and not debt, is new and separate from iR's goal to complete the previously announced SPAC transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury
Virtual Experiences Leader Acquires Ethereal Engine in Share-For-Share Transaction Valuing Infinite Reality at $2.5 Billion and Ethereal Engine at $75 million Entire Ethereal Engine Team, Including Top Executives and Innovators, Has Joined Infinite Reality LOS ANGELES, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality ("iR"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, and Ethereal Engine ("Ethereal"), a creator of end-to-end frameworks for web-first, social immersive experiences, announced today that the companies have completed a share-for-share acquisition valuing Infinite Reality at $2.5 billion and Ethereal Engine at $75 million. Thi
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Watch the teaser video NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- In a landmark deal to enhance its immersive platform technology and services, Infinite Reality ("iR" or the "Company"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced it signed a definitive agreement to acquire the Drone Racing League ("DRL"), the world's most futuristic sports property. The $250 million acquisition bolsters iR's capabilities and IP, and boosts its valuation to $3.5 billion. Recognized for accelerating professional drone racing into the mainstream through high tech robotics, AI, visually spectacular content and hybrid competition, DRL marks iR's late
Sunderland Capital Has Deep Knowledge and Investment Success in the Cannabis SectorTORONTO, ON / ACCESSWIRE / April 21, 2022 / CordovaCann Corp. (CSE:CDVA) (OTCQB:LVRLF) ("Cordova" or the "Company"), a cannabis-focused consumer products company, is pleased to announce the closing of a non-brokered private placement financing (the "Offering"), pursuant to which the Company issued 6,718,000 units ("Units") of Cordova priced at $0.25 USD per unit for gross proceeds of $1,679,500 USD. Each Unit is comprised of one common share of the Company and one warrant ("Warrant") that entitles the holder to purchase one share of common stock in the Company at a price of $1.25 CDN per share for a period of
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Newbury Street Acquisition Corporation (NASDAQ:NBST, the ", Company", ))))) announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").The delay in filing the Form 10-K is related to the Company requiring additional time to finalize the financial statements for the fiscal year ended
Now, with the addition of DRL, and following its proposed go-public transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST), iR is better positioned to continue to expand its reach and trailblaze the multi-billion-dollar immersive technology, digital media and entertainment industries.
Infinite Reality plans to go public in early 2024 via Newbury Street Acquisition Corporation (NASDAQ:NBST)Infinite Reality, Inc. ("iR" or the "Company"), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros. Discovery, Inc., Vodafone Group plc and Universal Music Group N.V., today announced a partnership and equity swap with Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge"), a vertically-integrated cryptocurrency data center and power generation company that will launch a new service-offering known as GreenidgeAI."We are excited to go public with the NBST acquisition in 2024 as we continue growing our capabilities to power cinematic-qual
The transaction is expected to provide up to $128 million in proceeds The transaction values the combined company at an equity value of approximately $1.85 billion, including approximately $1.7 billion attributable to Infinite Reality Infinite Reality is working with some of the world's biggest brands, including Warner Bros. Discovery Sports, to foster immersive virtual experiences and new monetization opportunities in Web3-enabled showrooms and events The company has seen rapid expansion in the past year with new product launches and acquisitions
BOSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury" or "NBST"), announced today that Infinite Reality ("iR or the "Company"), an innovation company powering the next generation of digital media and ecommerce through AI and immersive technologies, today announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, elevating the Company's valuation to $5.1 billion. This investment, entirely in equity and not debt, is new and separate from iR's goal to complete the previously announced SPAC transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury
NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality ("Infinite Reality" or "iR"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced that, on June 10, 2024, its partner for its previously announced business combination (the "Business Combination"), Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury" or the "Company"), received notice from the Nasdaq Office of General Counsel that the Nasdaq Hearings Panel (the "Panel") had granted the Company's request to continue its listing on Nasdaq through September 23, 2024 (the "Extended Date"). As previously reported by Newbury, the Company received notice from the Listing Quali
Boston, MA, May 03, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ:NBST, the ", Company", ))) announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K"). The delay in filing the Form 10-K is related to the Company requiring additional time to finalize
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Infinite Reality ("iR" or the "Company"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced that its previously announced business combination partner, Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury"), has engaged BTIG, LLC ("BTIG") as its capital markets advisor. BTIG has previously advised on similar business combinations including for AST SpaceMobile, Pinstripes Holdings and Vacasa. Tom Bushey, Chief Executive Officer of Newbury commented, "Partnering with the BTIG team is critical to Newbury's transaction with iR and the Company's journey towards becoming a publicly traded co
Watch the teaser video NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- In a landmark deal to enhance its immersive platform technology and services, Infinite Reality ("iR" or the "Company"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced it signed a definitive agreement to acquire the Drone Racing League ("DRL"), the world's most futuristic sports property. The $250 million acquisition bolsters iR's capabilities and IP, and boosts its valuation to $3.5 billion. Recognized for accelerating professional drone racing into the mainstream through high tech robotics, AI, visually spectacular content and hybrid competition, DRL marks iR's late
BARCELONA, Spain and LOS ANGELES, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Infinite Reality (iR), a global leader in artificial intelligence innovations and immersive virtual experiences, together with telecommunication giant Vodafone, is thrilled to announce the unveiling of an innovative automotive original equipment manufacturer (OEM) onboarding service at Mobile World Congress 2024 in Barcelona. This pioneering product, set to redefine automotive retail and customer onboarding, will be showcased in a state-of-the-art mixed reality experience, demonstrating the advanced capabilities of Vodafone's Pairpoint technology. AI-Onboard utilizes the latest in generative AI, coupled with augmented rea
Virtual Experiences Leader Acquires Ethereal Engine in Share-For-Share Transaction Valuing Infinite Reality at $2.5 Billion and Ethereal Engine at $75 million Entire Ethereal Engine Team, Including Top Executives and Innovators, Has Joined Infinite Reality LOS ANGELES, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality ("iR"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, and Ethereal Engine ("Ethereal"), a creator of end-to-end frameworks for web-first, social immersive experiences, announced today that the companies have completed a share-for-share acquisition valuing Infinite Reality at $2.5 billion and Ethereal Engine at $75 million. Thi
Infinite Reality plans to go public in early 2024 via Newbury Street Acquisition Corporation (NASDAQ:NBST) Infinite Reality, Inc. ("iR" or the "Company"), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros. Discovery, Inc., Vodafone Group plc and Universal Music Group N.V., today announced a partnership and equity swap with Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge"), a vertically-integrated cryptocurrency data center and power generation company that will launch a new service-offering known as GreenidgeAI. "We are excited to go public with the NBST acquisition in 2024 as we continue growing our capabilities to power cinemat
Metaverse platform innovation company uses artificial intelligence to make online shopping and real-time watch events more intuitive and personalized for participants Infinite Reality (iR), the global leader in delivering immersive virtual experiences, is following its recent product suite launch with a new feature set driven by artificial intelligence (AI). The new AI-enabled capabilities in all Infinite Reality products and experiences will enable users to access real-time engagement with an avatar salesperson who can be quickly and intuitively trained on a brand's products and services and a consumer's preferences. Infinite Reality is working with some of the world's biggest brands, in
Transaction expected to rapidly expand Infinite Reality's immersive audiences experiences offerings and accelerate commercial monetization opportunities The transaction is expected to provide up to $128 million in proceedsThe transaction values the combined company at an equity value of approximately $1.85 billion, including approximately $1.7 billion attributable to Infinite RealityInfinite Reality is working with some of the world's biggest brands, including Warner Bros. Discovery Sports, to foster immersive virtual experiences and new monetization opportunities in Web3-enabled showrooms and eventsThe company has seen rapid expansion in the past year with new product launches and acquisiti