Northern Star Investment III today filed a proxy in which it proposes a six-month extension on its termination date, from the current March 4 to Sept. 4. Northern Star Investment IV also filed a proxy today seeking the same extension period.
The proxies includes a provision that would enable the SPACs to adjourn the meetings immediately if it appears the votes aren’t there to approve the extension.
The record date for the special meeting is Feb. 3, 2023. On the record date, there were 50 million shares of common stock outstanding, including 40 million outstanding public shares.
Each SPAC raised $350 million in a March 2021 IPO to target businesses primarily in the direct-to-consumer and digitally-disruptive e-commerce spaces. Read more on III. Read the proxy for Northern Star IV.
