Latest Non-Redemption Agreements: Northern Star Investment Corp. IV, Northern Star Investment Corp. III
Northern Star Investment Corp. IV (NSTD) Adds Non-Redemption Agreement
On August 18, Northern Star IV Sponsor LLC, the sponsor of Northern Star Investment Corp. IV (NYSE:NSTD), entered into agreements with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 200,000 shares of the company.
In exchange for the foregoing commitment not to redeem such shares, the sponsor has agreed to transfer to such investors an aggregate of 40,000 shares immediately following consummation of an initial business combination if they continue to hold such non-redeemed shares through the meeting.
The agreements are not expected to increase the likelihood that the extension is approved by stockholders but will increase the amount of funds that remain in the trust account.
READNorthern Star Investment Corp. III (NSTC) Adds Non-Redemption Agreement
On August 18, Northern Star III Sponsor LLC, the sponsor of Northern Star Investment Corp. III (NYSE:NSTC) entered into agreements with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 200,000 shares of the company.
In exchange for the foregoing commitment not to redeem such shares, the sponsor has agreed to transfer to such investors an aggregate of 40,000 shares of the company immediately following consummation of an initial business combination if they continue to hold such non-redeemed shares through the meeting.
READ
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...