Northern Star Acquisition Corp. Announces Pricing of $250,000,000 Initial Public Offering
11 11월 2020 - 8:31AM
Business Wire
Northern Star Acquisition Corp. (the “Company”) announced today
that it priced its initial public offering of 25,000,000 units at
$10.00 per unit. The units will be listed on the New York Stock
Exchange (“NYSE”) and will begin trading tomorrow, Wednesday,
November 11, 2020, under the ticker symbol “STIC.U”. Each unit
consists of one share of the Company’s Class A common stock and
one-third 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 “STIC” and “STIC WS,” respectively.
Northern Star Acquisition Corp. 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 initial target business in any stage of
its corporate evolution or in any industry or sector, it initially
intends to focus its search on target businesses primarily in the
beauty, wellness, self-care, fashion, e-commerce, subscription and
digital-media sectors. The Company is led by Joanna Coles,
Chairperson and Chief Executive Officer, and Jonathan Ledecky,
President and Chief Operating Officer.
Citigroup Global Markets Inc. is acting as the sole book running
manager for the offering. The Company has granted the underwriter a
45-day option to purchase up to an additional 3,750,000 units at
the initial public offering price to cover over-allotments, if
any.
The offering is being 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 November 10, 2020. 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
proposed initial public offering and the anticipated use of net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or 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/20201110006268/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 Acquisition (NYSE:STIC.U)
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Northern Star Acquisition (NYSE:STIC.U)
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부터 10월(10) 2023 으로 10월(10) 2024