Business: |
We are a newly incorporated blank check company. Our search for an acquisition target will focus on a business with diverse sources of revenue and earnings growth. (Incorporated in the Cayman Islands)
In conducting our search for a target business, we will seek to capitalize on the deal-making and business-building experience of our management team:
*Thomas Bushey, our CEO, who is the founder and CEO of Sunderland Capital Partners L.P., an operationally focused, long-term oriented investment management firm with a focus on emerging technologies and the consumer Internet, and
*Matthew Hong, our Chairman nominee, who is the former COO (chief operating officer) of Turner Sports. Mr. Hong is the president and COO of 2080 Media Inc. (d/b/a PlayOn! Sports), a company engaged in streaming live and on-demand high school sports operating the NFHS Network, and GoFan, a high school ticketing solution in the United States. During his tenure with Turner Sports, Mr. Hong oversaw the management of various sports businesses and properties, including Bleacher Report, NBA TV, NBA Digital, NCAA Digital and March Madness Live, SI Digital, NASCAR.com, PGATOUR.com, PGA.com and PGA Championship Live, GOLF.com, and the B/R Live OTT offering.
Mr. Bushey and Mr. Hong have experience identifying, acquiring, investing in and operating businesses, and provide a depth of knowledge in capital markets. Over the course of their careers, they have developed a network of business operators, entrepreneurs, corporate officers, board members, family office principals, investment bankers and institutional investors.
Our Board of Directors will include Jennifer Vescio, formerly the global head of business development for Uber Technologies Inc.; Josh Gold, a general partner of Inverness LLC and Blue Flag Partners LLC and the co-founder and COO of Three Bays Capital L.P. and previously a managing director at Jefferies & Co., and Ted Seides, the founder and managing member of Capital Allocators Partners, LLC and TDS Advisers, LLC, a platform that includes podcasts, gatherings and advice on best practices in the asset management industry. Mr. Seides served as the founder, president and co-chief investment officer of Protégé Partners LLC, a leading multibillion-dollar alternative investment firm he founded that invested in and seeded small hedge funds.
(Note: Newbury Street Acquisition II Corp. priced its SPAC IPO in sync with the terms in its prospectus – 15.0 million units at $10.00 each to raise $150.0 million – on Thursday night, Oct. 31, 2024. Each unit consists of one share of common stock and one-half of a warrant.)
(Note: Newbury Street Acquisition II Corp. cut the size of its SPAC IPO by 25 percent to 15.0 million units – down from 20.0 million units – and kept the price at $10.00 – to raise $150.0 million in its SPAC IPO, according to an S-1/A filed on Sept. 19, 2024. Background: Newbury Street Acquisition II Corp. filed its S-1 on Aug. 9, 2024, and disclosed the terms of its SPAC IPO: 20.0 million units at $10.00 each to raise $200.0 million. Each unit consists of one share of common stock and one-half of a warrant.)
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