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.
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