Delisting Determination, The Nasdaq Stock Market, LLC, March 5, 2025,
Newbury Street Acquisition Corporation.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove
from listing the security of Newbury Street Acquisition Corporation.
effective at the opening of the trading session on March 17, 2025.
Based on review of information provided by the Company, Nasdaq Staff
determined that the Company no longer qualified for listing on the
Exchange pursuant to Listing Rule 5250(c)(1).
The Company was notified of the Staff determination on March 26, 2024.
On April 2, 2024, the Company exercised its right to appeal
the Staff determination to the Listing Qualifications Hearings Panel
(Panel) pursuant to Listing Rule 5815. On May 23, 2024, the hearing was held.
On the same date, Staff sent the Company an additional determination
delist letter. On June 10, 2024, the Panel issued a Decision (Decision).
On August 26, 2024, Staff send the Company another
determination delist letter. On September 5, 2024, the Panel
issued a Decision that notified the Company
that its securities would be delisted from the Exchange. The Company
securities were suspended on September 10, 2024. The Staff determination
to delist the Company securities became final on October 21, 2024.