Latest Non-Redemption Agreements: Northern Star Investment Corp. III, IV
Northern Star Investment Corp. III (NSTC) Adds Non-Redemption Agreement
On August 25, 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 508,000 shares.
In exchange for the foregoing commitment not to redeem such shares, the sponsor has agreed to transfer to such investors an aggregate of 101,600 shares immediately following the consummation of a business combination if they continue to hold such 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 following the meeting.
Northern Star Investment Corp. IV (NSTD) Adds Non-Redemption Agreement
On August 25, 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 600,000 shares.
In exchange for the foregoing commitment not to redeem such shares, the sponsor has agreed to transfer to such investors an aggregate of 120,000 shares immediately following the consummation of an initial business combination if they continue to hold such 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 following the meeting.
