Northern Star Investment Corp. III Announces Closing of Upsized $400,000,000 Initial Public Offering
05 3월 2021 - 6:05AM
Business Wire
Northern Star Investment Corp. III (the “Company”) announced
today that it closed its upsized initial public offering of
40,000,000 units, including 5,000,000 units subject to the
underwriters’ over-allotment option, at $10.00 per unit. The units
were listed on the New York Stock Exchange (“NYSE”) and began
trading Tuesday, March 2, 2021 under the ticker symbol “NSTC.U”.
Each unit consists of one share of the Company’s Class A common
stock and one-sixth of one redeemable warrant, each whole warrant
entitling the holder thereof to purchase one share of Class A
common stock at a price of $11.50 per share, subject to adjustment.
Only whole warrants are exercisable and will trade. Once the
securities comprising the units begin separate trading, shares of
the Class A common stock and redeemable warrants are expected to be
listed on the NYSE under the symbols “NSTC” and “NSTC WS,”
respectively.
Northern Star Investment Corp. III is a blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses or
entities. While the Company may pursue an acquisition in any
business industry or sector, it intends to focus its efforts
identifying businesses primarily in the direct-to-consumer and
digitally-disruptive e-commerce spaces. The Company is led by
Joanna Coles, Chairperson and Chief Executive Officer, and Jonathan
Ledecky, President and Chief Operating Officer.
Citigroup Global Markets Inc. acted as the sole book running
manager for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained, when available, from Citigroup
Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717, Telephone:
1-800-831-9146.
Registration statements relating to these securities have been
filed with the Securities and Exchange Commission (“SEC”) and
became effective on March 1, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of net proceeds from the initial public offering.
No assurance can be given that the net proceeds of the offering
will be used as indicated. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and preliminary prospectus for
the offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210304006022/en/
Investor Contact Melissa Calandruccio ICR, Inc.
646-277-1273
Media Contact Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co. (212) 257-4170 northernstar@gasthalter.com
Northern Star Investment... (NYSE:NSTC.U)
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Northern Star Investment... (NYSE:NSTC.U)
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