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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Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...
At the SPAC of Dawn The markets appear to poised to continue a rosy week with futures in the green in anticipation of PCE inflation readings. Space is one of the sectors feeling the most love recently and launch services firm Rocket Lab (NASDAQ:RKLB) is keeping up the momentum, scheduling two launches within 48 hours...
FIGX Acquisition Corp. (NASDAQ:FIGXU) announced the pricing of its $131 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FIGXU”, Friday, June 27, 2025. The new SPAC aims to seek out a financial services target with a particular focus on wealth and asset managers with the potential to...
Yorkville Acquisition Corp. (NASDAQ:YORKU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YORKU”, Friday, June 27, 2025. The new SPAC plans to combine with a target company in the telecom, media or technology sectors. Yorkville Acquisition Corp.’s management team is led...