Alpine Global Management, LLC filed a Form 4 on November 9, 2026, disclosing three sales of Class A ordinary shares of Newbury Street II Acquisition Corp between November 4 and November 6, 2026.

Key Highlights

  • Three separate disposals: Alpine Global Management, LLC reported sales of Class A ordinary shares on November 4, November 5, and November 6, 2026.
  • November 4 sale: 5,382 shares sold at $11.10 per share, reducing indirect beneficial ownership to 510,183 shares.
  • November 5 sale: 130,000 shares sold at a weighted average price of $10.8738, in multiple transactions ranging from $10.86 to $11.00 per share.
  • November 6 sale: 80,183 shares sold at a weighted average price of $10.8882, in multiple transactions ranging from $10.86 to $11.015 per share.
  • Remaining indirect ownership: Following all three transactions, beneficial ownership stood at 300,000 shares, held indirectly through Alpine Partners (BVI), L.P.
  • Relationship to issuer: The reporting person is identified as a 10% owner and checked "Other" with a reference to remarks.

Alpine Global Management and Alpine Partners (BVI) Reduce Stake in Newbury Street II Acquisition Corp

According to the filing, Alpine Global Management, LLC ("AGM") filed jointly on behalf of itself and Alpine Partners (BVI), L.P. ("APBVI"), disclosing that APBVI directly held and disposed of the shares, while AGM acts as investment advisor for APBVI. All shares reported are owned directly by APBVI and classified as indirect beneficial ownership for AGM. The filing is listed on NASDAQ:NTWO.

The first transaction, dated November 4, 2026, involved the disposal of 5,382 Class A ordinary shares, par value $0.0001 per share, at a price of $11.10, leaving 510,183 shares beneficially owned. On November 5, 2026, an additional 130,000 shares were sold at a weighted average price of $10.8738, with individual transaction prices ranging from $10.86 to $11.00 inclusive, reducing the position to 380,183 shares. On November 6, 2026, 80,183 shares were sold at a weighted average price of $10.8882, with individual prices ranging from $10.86 to $11.015 inclusive, bringing the remaining indirect beneficial ownership to 300,000 shares.

The filing notes that the reporting persons undertake to provide full information regarding the number of shares sold at each separate price within the stated ranges to the issuer or the SEC staff upon request. The Form 4 was signed by Amy Tarlowe, Chief Operating Officer of Alpine Global Management, LLC, and General Partner of Alpine Partners (BVI), L.P., on November 9, 2026. All transactions carry transaction code "S," indicating open-market sales.

What Was Disclosed

Alpine Global Management, LLC and Alpine Partners (BVI), L.P. reported the disposal of a combined 215,565 Class A ordinary shares of Newbury Street II Acquisition Corp between November 4 and November 6, 2026, leaving an indirect beneficial ownership of 300,000 shares.