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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Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...
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DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. Although the deal was approved by shareholders during a meeting last Thursday, the parties are still working to raise funds to meet...
Nova Vision Acquisition Corp. (NASDAQ:NOVV) has entered into a definitive agreement to combine with social platform Real Messenger at an enterprise value of $150 million, or 9.4x its 2024E revenue. Costa Mesa, California-based Real Messenger has developed a real estate marketplace platform designed to enhance engagements between buyers and realtors and allow for a more...