Northern Star Investment IV priced its upsized IPO of 35 million units at $10 each.
Units begin trading today on the NYSE under NSTD.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 Class A common stock at $11.50. Once the securities comprising the units begin separate trading, shares and redeemable warrants are expected to list under NSTD and NSTD WS, respectively.
The SPAC intends to focus its efforts identifying businesses primarily in the direct-to-consumer and digitally-disruptive e-commerce spaces.
The management team’s Northern Star III simultaneously priced its upsized $350 million IPO, with plans to target the same sectors. Read more.
