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Stock impact report

Infinite Reality's SPAC Partner, Newbury Street Acquisition Corp., Announces Nasdaq Extension for Proposed Business Combination [Yahoo! Finance]

Newbury Street Acquisition Corporation (NBST) 
Company Research Source: Yahoo! Finance
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 Qualifications Department (“Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that unless the Company timely requested a hearing before the Panel, the Company's securities would be subject to suspension and delisting from Nasdaq due to the Company's non-compliance with Listing Rule IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of the registrat Show less Read more
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