Northern Star Investment III and IV in 8-K filings said they have adjourned shareholder meetings until March 1 to consider an extension vote.
Each SPAC faces a March 4 deadline, while both seek extensions until September.
The spacs said if the extension proposals are approved, shareholders would not see any reduction in their redemption price for future extensions or business combinations that could be subject to the 1% excise tax.
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.
Source: Northern Star Investment III and IV Postpone Extension Votes