Northern Star Investment Corp. II successfully completed its upsized initial public offering of 40,000,000 units at $10.00 each, with an additional 5,000,000 units subject to over-allotment. The units began trading on the NYSE under ticker symbol NSTB.U on January 26, 2021. Each unit includes one share of Class A common stock and one-fifth of a redeemable warrant. The company, a blank check corporation, aims to merge with businesses in sectors like beauty, wellness, fashion, and e-commerce. Citigroup Global Markets served as the lead manager for the offering.
Northern Star Investment Corp. II has priced its upsized initial public offering at $10.00 per unit, totaling 35,000,000 units. Trading on the NYSE will commence on January 26, 2021 under the ticker symbol NSTB.U. Each unit comprises one share of Class A common stock and one-fifth of a redeemable warrant, allowing for the purchase of additional shares at $11.50 per share. The company aims to identify merger or acquisition targets primarily in beauty, wellness, self-care, and e-commerce sectors. Citigroup Global Markets is the sole book-running manager for the offering.