Northern Star Investment Corp. II To Transfer Listing To NYSE American
Northern Star Investment Corp. II (NYSE: NSTB) announced its transfer from the New York Stock Exchange to the NYSE American, with trading expected to begin on March 1, 2023. This move comes after recent redemptions of common stock related to the extension of the deadline for its initial business combination. Northern Star II aims to maintain its listing and continue filing periodic reports with the U.S. Securities and Exchange Commission. The company, formed for mergers and acquisitions, includes a seasoned management team from various industries.
- Received final approval for listing on NYSE American.
- Expected to maintain listing and comply with SEC reporting.
- Delisting from NYSE indicates challenges in sustaining market requirements.
- Recent redemptions of common stock may raise concerns among investors.
Friday, February 24, 2023
New York, NY, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Northern Star Investment Corp. II (NYSE: NSTB, NSTB.U, NSTB WS) (“Northern Star II”), announced today that it will transfer its listing from the New York Stock Exchange (the “NYSE”) to the NYSE American LLC (the “NYSE American”). Northern Star II received written confirmation that it received the final approval for listing from the staff of NYSE American on February 24, 2023.
In connection with the transfer, Northern Star II will voluntarily delist from the New York Stock Exchange, and expects to begin trading on the NYSE American on or about March 1, 2023. Northern Star II’s decision to transfer to the NYSE American was made to permit the continued listing of its securities following recent redemptions of Northern Star II’s common stock in connection with the vote to extend the deadline by which Northern Star II must complete its initial business combination. Following the transfer to the NYSE American, Northern Star II intends to continue to file the same types of periodic reports and other information it currently files with the U.S. Securities and Exchange Commission.
About Northern Star Investment Corp. II
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. The management team and Board of Directors are composed of veteran consumer, media, technology, retail and finance industry executives and founders. For additional information, please visit https://northernstaric2.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Northern Star II’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Contact Information:
Jonathan Ledecky
Chief Operating Officer
c/o Graubard Miller
(212) 818-8800
Primary Identifiers: NSTB-US
Related Identifiers: NSTB-US
Subjects: Press releases, Company Announcement, Exchange News, Exchange announcement
FAQ
When will NSTB begin trading on the NYSE American?
Why did Northern Star II transfer to the NYSE American?
What was the reason for recent redemptions of NSTB's stock?
What will happen to NSTB's reporting obligations after the transfer?
