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Northern Star Investment Corp. IV has completed its upsized IPO, raising $400 million through the sale of 40,000,000 units at $10.00 each, including a 5,000,000-unit overallotment option. Each unit comprises one share of Class A common stock and one-sixth of a redeemable warrant, allowing purchase of additional shares at $11.50 per share. The units began trading on March 2, 2021, under the ticker symbol ‘NSTD.U’. The blank check company aims to target acquisitions in direct-to-consumer and digitally-disruptive e-commerce sectors.
