Newbury Street II Acquisition Corp

Fort Robotics secured approximately $20 million in additional funding commitments from existing investors, led by Tiger Global, as it prepares for a public listing through a merger with Newbury Street II Acquisition Corp.

FORT Robotics has agreed to merge with Newbury Street II Acquisition Corp, a SPAC, to create a publicly traded company named FORT Robotics Holdings, Inc., listed on Nasdaq. The transaction values the combined company at a pro-forma enterprise value of $556.6 million.

FORT Robotics, a safety platform for physical AI, has entered into a definitive business combination agreement with SPAC Newbury Street II Acquisition Corp to become a publicly traded company. The deal includes over $31 million in PIPE and NRA investments from institutional investors including Tiger Global, Prologis Ventures, and Mark Cuban.