EX-99.1 2 tm233410d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

INVESTOR UPDATE AGENDA ● Introduction to Newbury Street Acquisition Corporation (Nasdaq: NBST) w/ Tom Bushey, CEO & Director of NBST ● Recent Infinite Reality News w/ John Acunto, CEO ● Live Demo of Discovery Sports Events’ Track Champions League Metaverse w/ Elliott Jobe, CIO ● FAQ w/ John Acunto, CEO

 

 

NEWBURY STREET OVERVIEW Private and Confidential 5 Newbury Street’s executive and advisory teams have extensive deal - making and business - building experience. Tom Bushey, CEO & Director Matt Hong, Chairman of the Board Ɣ Ɣ ● Former COO of Turner Sports; oversaw the management of key sports businesses and properties including Bleacher Report, NBA, NCAA Digital and March Madness Live, SI Digital, NASCAR.com, PGA, GOLF.com, and the B/R Live OTT offering. Led several company milestones including the original and current NCAA rights agreements, the current renewal of Turner’s partnership with the NBA, the acquisition of Bleacher Report, and the acquisition of UEFA Champions League rights. Previously, executive at AOL overseeing the company’s multi - billion - dollar partnership with Google. Kenneth King, CFO & Director Jennifer Vescio, Director Teddy Zee, Director Katie Soo, Advisor Ted Seides, Advisor Ɣ Ɣ Ɣ Ɣ ● Founder and CEO of Sunderland Capital Partners, an operationally focused, long term oriented investment firm investing in emerging technologies and consumer Internet. Board member of Ondas Holdings . Brings a wealth of experience from his two decade long career as an investor, board member and capital allocator . Lead investor for the private equity round into WM Holdings and also a major shareholder in Edreams Odigeo SL, a major online travel agency in Europe and a large player in flights globally . Previously a Portfolio Manager at Blackrock ; investment roles at Millennium Partners and Credit Suisse First Boston .

 

 

Announced Business Combinations 01/06/23 FG Merger Corp. Larry G. Swets / D. Kyle Cerminara iCoreConnect TMT — $80.5 $98.0 1.2x $10.22 0.3% 0.0% 2.2% 01/05/23 StoneBridge Acquisition Corporation Bhargava Marepally / Prabhu Antony DigiAsia Tech Enabled Services — 200.0 500.0 2.5 10.28 0.0 (0.2) 2.8 01/04/23 Alpha Healthcare Acquisition Corp. III Rajiv Shukla Carmell Therapeutics Biotech — 154.0 188.4 1.2 9.98 0.6 0.3 (0.2) 01/03/23 Nocturne Acquisition Corp Henry Monzon / Ka Seng Cognos Therapeutics Non - Biotech Healthcare — 115.0 120.0 1.0 10.63 (0.2) (0.2) 6.3 01/03/23 Monterey Capital Acquisition Corporation Bala Padmakumar ConnectM Energy / Energy Transition — 92.0 145.0 1.6 10.05 0.2 0.2 0.5 12/29/22 Prime Number Acquisition I Corp. Dongfeng Wang Noco - Noco Industrials — 64.5 1,350.0 20.9 10.18 0.2 0.3 1.8 12/27/22 HNR Acquisition Corp Donald Goree CIC Pogo and DenCo Resources Energy / Energy Transition — 86.3 120.0 1.4 10.27 0.4 0.8 2.7 12/23/22 Ace Global Business Acquisition Limited Eugene Wong / Nicholas Tan LE Worldwide Industrials — 46.0 150.0 3.3 10.67 0.5 0.4 6.7 12/22/22 Liberty Resources Acquisition Corp. Dato’ Maznah Binti Abdul Jalil Caspi Oil Gas Energy / Energy Transition — 115.0 463.7 4.0 10.26 0.5 0.6 2.6 12/22/22 dMY Technology Group, Inc. VI Harry L. You Rainwater Tech TMT — 242.0 200.0 0.8 10.06 0.1 0.8 0.6 12/21/22 10X Capital Venture Acquisition Corp. III Hans Thomas Sparks Energy Industrials — 300.0 475.0 1.6 10.00 2.4 (2.4) 0.0 12/19/22 Edify Acquisition Corp Colbeck Capital Management Unique Logistics Industrials — 276.0 Not Disclosed — 10.10 0.1 0.6 1.0 12/15/22 M3 - Brigade Acqusition III Corp. Mohsin Meghji Greenfire Resources Energy / Energy Transition $100.0 300.0 950.0 3.2 10.17 0.3 0.7 1.7 12/15/22 Global System Dynamics, Inc. David Gladstone DarkPulse (Global System Dynamics) TMT — 105.0 145.0 1.4 10.34 0.1 1.2 3.4 12/14/22 Rice Acquisition Corp. II Daniel Rice / Kyle Derham NET Power Energy / Energy Transition 235.0 345.0 1,459.0 4.2 10.16 (0.1) 0.2 1.6 12/13/22 GoGreen Investments Corporation John Dowd Lifezone Metals Energy / Energy Transition 70.0 276.0 681.0 2.5 10.40 0.2 1.0 4.0 12/13/22 Priveterra Acquisition Corp Robert Palmisano / Vikram Malik AEON Biopharma Biotech — 276.0 201.8 0.7 10.07 0.3 0.5 0.7 12/13/22 Kairous Acquisition Corp. Limited Joseph Moh Hon Lee / Kean Yaw See Toh Wellous Consumer — 78.0 270.0 3.5 10.37 0.3 0.9 3.7 12/13/22 Fifth Wall Acquisition Corp. III Fifth Wall Asset Management Mobile Infrastructure Financials 10.0 275.0 550.0 2.0 10.04 0.0 0.3 0.4 12/12/22 GigCapital5, Inc. Avi S. Katz QT Imaging Non - Biotech Healthcare — 230.0 219.0 1.0 10.29 0.9 1.2 2.9 12/12/22 Newbury Street Acquisition Corp Thomas Bushey / Kenneth King Infinite Reality TMT — 128.0 1,850.0 14.5 10.02 0.1 0.6 0.2 12/09/22 Better World Acquisition Corp. N*GEN Heritage Distilling Consumer — 126.0 122.2 1.0 10.50 0.5 0.9 5.0 12/08/22 PHP Ventures Acquisition Corp. Marcus Choo Yeow Ngoh / Garry Richard Stein Modulex Real Estate — 58.0 723.0 12.5 10.44 0.7 1.3 4.4 12/08/22 7GC & Co. Holdings Inc. 7GC / Thomas Hennessy Banzai TMT — 230.0 380.0 1.7 10.13 0.0 0.8 1.3 12/07/22 Edoc Acquisition Corp. Horizon Financial / Yuan Ming Capital Australian Oilseeds Investments Consumer — 90.0 190.0 2.1 10.50 0.0 1.3 5.0 Last 25 Announced Deals Total $415.0 $4,288.3 $11,551.1 — — — — — Average 16.6 171.5 481.3 3.7x $10.24 0.3% 0.5% 2.4% Median 0.0 128.0 244.5 1.8 10.22 0.2 0.6 2.2 Trading Performance Ann. PIPE Size IPO S ize EV EV / Last Si n ce Si n ce Date SPAC Sponsor Target Target Industry (USD in m) (USD in m) (USD in m) IPO Size S a le P r ice Last Week A n n. From $10 Recent Announced SPAC Mergers ANNOUNCED BUSINESS COMBINATIONS – LAST 25 Source: Data and analytics provided by S&P Global Market Intelligence, company filings, Cowen ECM Analytics as of market close January 6, 2023 12

 

 

FAQ ● Do you think it’s a good time to go public? ○ Now is a great time to go public. There’s a lack of high - quality growth companies and we fit the bill. Our initial feedback from investors has been positive. ● What is the timeline and expectations to go public? ○ The plan is to complete the merger and be public this Spring ● The SPAC looks like it expires in March, are they going to file an extension? ○ Yes ● What is the lockup period? ○ We are likely to have no lockup for small shareholders ○ Larger shareholders will have a lockup ○ We want to be cognizant and provide a balance of liquidity and value for our shareholders ● How much money do we expect to raise/close to have on the balance sheet when the DeSPAC closes? ○ NBST intends to secure $100m to facilitate the business combination ● Are we worried about competing with Meta? ○ No