Streetbeat News

NSTB

Northern Star Investment Corp II

Industry

Investment Banking and Securities Dealing

Open

0.04

Mkt cap

1.1K

Volume

High

0.04

P/E Ratio

N/A

52-wk high

10.70

Low

0.00

Div yield

104470.00

52-wk low

0.00

Northern Star Investment Corp. II (NSTB) announced it will liquidate its trust account due to its inability to complete a business combination by the January 28, 2024 deadline. The liquidation will distribute approximately $10.48 per share to holders of Public Shares. NSTB expects delisting from NYSE American but intends to continue trading on the OTC Pink post-distribution. The company plans to amend its Charter to remove SPAC provisions and retain the possibility of future acquisitions. Units will separate into Public Shares and Warrants before the Distribution, with no payment for Warrants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:07 pm

Northern Star Investment Corp. II (NSTB) received a noncompliance notice from the NYSE due to the resignation of two independent directors on December 19, 2023. Both directors were part of the audit committee, with one being financially sophisticated. Their resignations were not due to disagreements with the company's operations, policies, or practices.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:39 pm

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