Latest Non-Redemption Agreements: Northern Star Investment Corp. IV, Northern Star Investment Corp. III
Northern Star Investment Corp. IV (NSTD) Adds Non-Redemption Agreement
On August 18, 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 200,000 shares of the company.
In exchange for the foregoing commitment not to redeem such shares, the sponsor has agreed to transfer to such investors an aggregate of 40,000 shares immediately following consummation of an initial business combination if they continue to hold such non-redeemed 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.
READNorthern Star Investment Corp. III (NSTC) Adds Non-Redemption Agreement
On August 18, 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 200,000 shares of the company.
In exchange for the foregoing commitment not to redeem such shares, the sponsor has agreed to transfer to such investors an aggregate of 40,000 shares of the company immediately following consummation of an initial business combination if they continue to hold such non-redeemed shares through the meeting.
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