Latest Non-Redemption Agreements: Northern Star Investment Corp. III, Northern Star Investment Corp. IV, M3-Brigade II
Northern Star Investment Corp. III (NSTC) Enters Non-Redemption Agreement
Northern Star Investment Corp. III (NYSE:NSTC) entered into its fourth non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares in connection with the special meeting to extend its timeline from March 4 to September 4.
In exchange for the commitment, the sponsor will transfer 350,000 shares to the investors immediately following the completion of an initial business combination.
READNorthern Star Investment Corp. IV (NSTD) Enters Non-Redemption Agreement
Northern Star Investment Corp. IV(NYSE:NSTD) entered into its fourth non-redemption agreement with several unaffiliated third parties holding an aggregate of 1,000,000 shares. The company faces a completion deadline of March 4 but is hoping to extend it to September 4.
In exchange for the commitment, the Sponsor will transfer 250,000 shares to the investors immediately following the completion of an initial business combination if they continue to hold the non-redeemed shares through the extension.
READM3-Brigade Acquisition Corp. II (MBAC) Enters Non-Redemption Agreement
M3-Brigade Acquisition Corp. II (NYSE:MBAC) entered into non-redemption agreements with unaffiliated third parties in exchange for such third parties agreeing not to redeem 4,052,653 shares in connection with the special meeting of stockholders to consider a completion extension from March 8 to December 8.
In exchange for the commitments, the sponsor has agreed to transfer an aggregate of 1,013,161 shares of the company’s class B common stock to the investors promptly upon completion of the extension.
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