Northern Star Acquisition today announced that stockholders voted to approve its proposed merger with Barkbox.
The deal is scheduled to close June 1. Sstock and warrants of the combined company, which will be renamed The Original BARK Company, are set to begin trading on the NYSE June 2 under BARK and BARK WS, respectively.
The combined company would have an enterprise value of approximately $1.6 billion, including debt. BARK expects to receive up to $454 million in cash at closing, assuming there were no redemptions by Northern Star’s stockholders. The amount includes an upsized fully-committed $200 million PIPE.
An 8-K outlining the vote tally and any redemptions had not been filed at the time of publication. Read more.
