Northern Star II Postpones Extension Vote Again

Northern Star Investment II in a regulatory filing said its shareholder vote on a deadline extension has been postponed again — this time until today at 5 p.m. Yesterday’s planned vote follows an earlier adjourment on Dec. 22.

The SPAC in its latest 8-K filing said it will use the extra time to solicit redemption reversals. Northern Star II faces a Jan. 28 termination deadline and wants to push that back to July.

The SPAC in the last week has secured non-redemption agreements for 520,391 shares, according to the filing.

Apex Fintech Solutions in December 2021 called off a merger deal with the SPAC. The merged companies were valued at $4.7 billion. Read more.

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International Media Pushes Deadline Back a Month

The SPAC in February issued an unsecured convertible promissory note of up to $530,000 to new sponsor JC Unify Capital, which can convert any portion of the principal into the SPAC’s units. The funds are being used to cover extension deposits and for working capital.