Northern Star Investment Corp. II Announces Separate Trading of its Class A Common Stock & Warrants, Commencing February 11, ...
February 02 2021 - 7:00AM
Business Wire
Northern Star Investment Corp. II (the “Company”) announced
today that, commencing February 11, 2021, holders of its units sold
in the Company’s initial public offering may elect to separately
trade shares of the Company’s Class A common stock and warrants
included in the units. The shares of Class A common stock and
warrants that are separated will trade on the New York Stock
Exchange (“NYSE”) under the symbols “NSTB” and “NSTB WS”,
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. Those units not
separated will continue to trade on NYSE under the symbol “NSTB.U.”
Holders of units will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company’s
transfer agent, in order to separate the units into shares of Class
A common stock and warrants.
Northern Star Investment Corp. II is a blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses or
entities. While the Company may pursue an initial target business
in any stage of its corporate evolution or in any industry or
sector, it initially intends to focus its search on target
businesses primarily in the beauty, wellness, self-care, fashion,
e-commerce, subscription and digital-media sectors. The Company is
led by Joanna Coles, Chairperson and Chief Executive Officer, and
Jonathan Ledecky, President and Chief Operating Officer.
Citigroup Global Markets Inc. acted as the sole book running
manager for the Company’s initial public offering which was
consummated in January 2021.
The initial public offering was made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, Telephone: 1-800-831-9146.
Registration statements relating to these securities were filed
with the Securities and Exchange Commission (“SEC”) and became
effective on January 25, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements.” Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company’s registration statement and
prospectus for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation
to update these statements for revisions or changes after the date
of this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210202005610/en/
Investors: Melissa Calandruccio ICR, Inc. 646-277-1273
Media: Jonathan Gasthalter/Nathaniel Garnick Gasthalter
& Co. (212) 257-4170 northernstar@gasthalter.com
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