FORT Robotics, Inc., a company focused on developing safety platforms for Physical AI, has announced a definitive business combination agreement with Newbury Street II Acquisition Corp, a special purpose acquisition company.
The merger will result in the formation of a new publicly traded entity, FORT Robotics Holdings, Inc., which will be listed on the Nasdaq Stock Market under the ticker symbol 'FROB'.
The transaction is anticipated to be completed in the fourth quarter of 2026.
BTIG LLC is acting as the exclusive financial advisor and sole placement agent for Newbury Street II Acquisition Corp in this deal.
Thomas Bushey, CEO of Newbury Street II, added: "Newbury Street II is proud to partner with FORT, a category-defining platform addressing one of the world's most complex infrastructure challenges. The robotics revolution is at an inflection point, and we believe FORT's universal layer of trust can accelerate widespread adoption. "