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Newbury Street II Acquisition Corp Announces New Board Appointments, Further Strengthening Media, Consumer and Finance Experience

1. Tony Vinciquerra appointed as Chairman of NTWO's Board of Directors. 2. William Wyatt also joins the NTWO Board, enhancing capital market expertise. 3. Matthew Hong steps down to pursue new opportunities at VERSANT.

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$10.205/28 05:05 PM EDTEvent Start
$10.1805/29 11:23 PM EDTLatest Updated
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FAQ

Why Bullish?

The appointments enhance NTWO's strategic capabilities and market positioning, potentially attracting investors. Historical trends show that leadership changes can positively affect SPAC valuations, especially when experienced members join.

How important is it?

New board members' extensive experience in media and financial services adds significant value. Their backgrounds in successful acquisitions indicate potential for high-value deals.

Why Short Term?

Immediate impact anticipated from strengthened board leading to potential business combinations in coming quarters. Previous SPAC transitions demonstrate short-term price spikes post leadership announcements.

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Tony Vinciquerra, Former CEO of Sony Pictures Entertainment, to Join the Board of Directors as the Newly Appointed ChairmanWilliam Wyatt, Managing Partner of The Donerail Group, Named to the Board of DirectorsMatthew Hong to Step Down as Chairman and Depart the Board to Pursue Additional Activities BOSTON--(BUSINESS WIRE)--Newbury Street II Acquisition Corp (Nasdaq: NTWO, the “Company”) today announced the appointments of Tony Vinciquerra and William Wyatt to its Board of Directors, effective immediately. Mr. Vinciquerra has served as Chief Executive or Senior Advisor for several of the world’s largest and most influential media companies. From 2017 to 2025, he was the Chairman and Chief Executive Officer of Sony Pictures Entertainment (“SPE”), overseeing the studio’s global operations, including motion picture, television and digital content production and distribution, worldwide media networks, and the development of new entertainment products. Following his stepping down from the CEO role in early 2025, he has continued to serve as SPE’s Non-Executive Chairman. Before joining SPE, he was a senior advisor to TPG Inc., a private equity firm, in the Technology, Media and Telecom sectors, where he advised on acquisitions and operations, from 2011 to 2017. Prior to TPG, Mr. Vinciquerra was chairman of Fox Networks Group, the largest operating unit of News Corporation, from 2008 to 2011, and president and CEO from 2002 to 2011. Mr. Wyatt is the Managing Partner of The Donerail Group, a financial services firm that he founded in 2018. Donerail’s strategic advisory business serves as financial advisor to global companies and financial sponsors, and its investment management business invests institutional capital across a variety of strategies and vehicles. In March 2021, Mr. Wyatt co-sponsored a special purpose acquisition company, Isos Acquisition Corporation, that later merged with Bowlero (now known as Lucky Strike) in a $2.6 billion transaction. Prior to founding Donerail, he was the Head of Event Driven Investments at Starboard Value, an investment firm. “Tony and Will both bring a significant amount of experience that will augment our ability to identify attractive business combinations across multiple sectors,” said Tom Bushey, Chairman and CEO of Newbury Street II Acquisition Corp. “Tony’s track record leading large, diversified media businesses, in addition to having served as an active director for several of the largest and most influential consumer-facing companies, will provide our board with distinct advantages, and his willingness to partner with entrepreneurs to help accelerate growth and enhance profitability following any combination creates a unique benefit that Newbury Street can now provide. Will’s capital markets expertise and deal-making ability will add greatly to the team’s already deep experience. We are thrilled to welcome both onboard.” Matthew Hong, the current Independent Chairman of the Board, has notified the Company that he has accepted a full-time executive position as President of Sports at VERSANT, the prospective publicly traded Comcast spinoff of NBCUniversal cable networks. “We thank Matt for his many invaluable contributions and look forward to seeing him execute in his new position,” said Mr. Bushey. Mr. Vinciquerra has been appointed Chairman of the Board, replacing Mr. Hong, effective immediately. Mr. Vinciquerra currently serves on the board of Madison Square Garden Sports, a role he has held since 2020. He previously served as a director of Qualcomm Incorporated from 2015 to 2025, Pandora Media, Inc. from 2016 to 2017, Univision Communications, Inc. from 2011 to 2017, Motorola, Inc. from 2007 to 2011, Motorola Mobility Holdings, Inc. from 2011 to 2012, and DirecTV from 2013 to 2015. Mr. Vinciquerra and Mr. Wyatt will join current board members Tom Bushey, Jennifer Vescio, Josh Gold and Ted Seides. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. About Newbury Street II Acquisition Corp The Company is a special purpose acquisition company (“SPAC”) whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company is sponsored by Newbury Street II Acquisition Sponsor LLC. The Company is led by Thomas Bushey, Chief Executive Officer. The Company’s other directors include Jennifer Vescio, Josh Gold and Ted Seides. The Company’s Chief Financial Officer is Jake Gudoian. Cautionary Note on Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

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