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.
READLatest SPAC Liquidations: Schultze Special Purpose Acquisition Corp. II Schultze Special Purpose Acquisition Corp. II (SAMA) to Liquidate on October 11, 2023 Schultze Special Purpose Acquisition Corp. II (Nasdaq: SAMA), announced that it will redeem all of the outstanding shares of its Class A common stock effective as of October 11, 2023. The Company expects...
Mercato Partners Acquisition Corporation (NASDAQ:MPRA) announced this afternoon via 8-K that its shareholders have approved its combination with Nuvini at a special meeting held earlier today. With 79.74% of the voting power of the Common Stock participating in the vote, the combination was overwhelmingly approved. 7,975,698 shares were recorded voting for the transaction, while only 38,008...
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned this morning’s extension vote without conducting any business and it will pick things up again at 11 am ET October 2. Shareholders at the meeting are to consider giving Home Plate an extra two and half months to complete a deal, moving its deadline from October...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Law firm Schulte sues SPAC over fees from failed Philippine casino merger U.S. law firm Schulte Roth & Zabel is suing its former client 26 Capital Acquisition Corp to recover more than $1.9 million in legal fees...
Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced this morning that it has changed the target of its letter of intent to combine, but only partially. The SPAC had an existing LOI to merge with its own sponsor, but since that sponsor is now a subsidiary of another company it has to combine with a different version...