Northern Star Investment Corp. II announced the pricing of its upsized $350M IPO this evening and its units are expected to begin trading on the NYSE under the symbol “NTSB.U” tomorrow, January 26.
The new company aims to combine with a business that has powerful relationships with its customers, which understands how their consumers live and what they need, and how to communicate with them effectively. Northern Star II is led by Chairperson of the Board and CEO Joanna Coles, President and COO Jonathan J. Ledecky, and CFO James H.R. Brady.
Total SPAC deal count for 2021 year-to-date is now 71 with $20.2 billion in gross proceeds raised. This offering is expected to close on Thursday, January 28.
Citigroup Global Markets Inc. is acting as the sole book running manager for the offering. Graubard Miller is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Solarius Capital (NASDAQ:INACU) has filed for a $150 million IPO to seek out a financial services target with a team making its first step into SPACs. The new SPAC is offering investors a 1/2 warrant in each unit and it will overfund its trust to 100.5% with $10.05 per unit in the trust account from...
At the SPAC of Dawn Today is a major day of economic indicators with eight different reads on retail sales, import prices, industrial production, as well as both business inventories and home builder confidence index rolling in through the morning. All of this is to come ahead of a Fed interest rate decision tomorrow. This...
Indigo (NASDAQ:INACU) has filed for a $100 million SPAC to take a first-time team on a broad search for a target as 2025 SPACs hit a key milestone. The new SPAC is to sell units containing one right to a 1/10 share in each with no overfunding of its trust. Shareholders are slated to get...
At the SPAC of Dawn SPAC votes are to heat up in a shortened week that is to see markets closed on Thursday. Teams have nonetheless put seven votes on the docket for the four days that business is in session. Only one of these is a vote to complete a business combination, which is...
Terms Tracker for the Week Ending June 13, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week brought three new SPAC IPOs with pricings from BEST SPAC I Acquisition Corp., Blue Acquisition Corp. and Blue Water Acquisition Corp. III. All...