Newbury Street Acquisition Corporation announced that it expects to receive $4.5 million in funding from Newbury Street Acquisition Sponsor Llc

Newbury Street Acquisition Corporation (NasdaqCM:NBST.U) announced a private placement of 450,000 units at a price of $10 per unit for gross proceeds of $4,500,000 on January 29, 2021. Each unit consist of one common share and one-half of one warrant. The investor has agreed to purchase 387,500 units or 426,250 private units if the over-allotment option is exercised in full) and the underwriters have agreed to purchase 62,500 private Units or 68,750 private units if the over-allotment option is exercised in full.