Newbury Street Acquisition shares and warrants may trade separately starting April 16, the SPAC said.
Shares of common stock and warrants that are separated will trade on the Nasdaq under NBST and NBSTW, respectively. Units not separated will continue to trade under NBSTU.
The SPAC raised $120 million last month with plans to acquire a technology business in the consumer internet or media space, including sports and entertainment verticals, with enterprise values of approximately $500 million to $2.5 billion. Read more.
