Regulation FD Disclosure - Form 425

Item 7.01. Regulation FD Disclosure.

As previously disclosed, on December 12, 2022, Newbury Street Acquisition Corporation, a Delaware Corporation (the "Purchaser"), entered into an Agreement and Plan of Merger by and among (i) the Purchaser, (ii) Infinite Reality Holdings, Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Purchaser ("Pubco"), (iii) Infinity Purchaser Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of Pubco, (iv) Infinity NBIR Company Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of Pubco, and (v) Infinite Reality, Inc., a Delaware corporation (the "Target").

The Purchaser has been advised by the Target that the $350 million minority investment in the Target previously announced on July 9, 2024 will fund within 60 days of June 28, 2024.

The information in this Item 7.01 is being furnished and will not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act") or the Exchange Act.