Northern Star Investment II in an 8-K said it signed non-redemption agreements with several unaffiliated third parties in exchange for them agreeing not to redeem 200,000 Class A shares ahead of a vote to extend the SPAC's termination deadline. In return, the participating investors will receive 40,000 Class A shares.
Northern Star II wants to push its deadline from Friday to Jan. 28, 2024.
Following a January 2021 ipo, the SPAC was initially focused on acquisition targets primarily in the beauty, wellness, self-care, fashion, e-commerce, subscription and digital-media space. Read more.
Source: Northern Star Investment II Secures Non-Redemption Agreement Covering 200K Shares