Northern Star Investment III priced its upsized IPO of 35 million units at $10 each. The company offered 5 million additional units.
Units begin trading today on the NYSE under NSTC.U” Each consists of one share of Class A common stock and one-sixth of one redeemable warrant, each whole warrant exercisable to purchase a share of common stock at $11.50. Once the securities comprising the units begin separate trading, shares and redeemable warrants are expected to list under NSTC and NSTC WS, respectively.
The SPAC plans to target businesses primarily in the direct-to-consumer and digitally-disruptive e-commerce spaces.
The management team’s Northern Star IV simultaneously priced its upsized $350 million IPO, with plans to target the same sectors. Read more.
