Northern Star Investment Corp. III Announces Closing of Upsized $400,000,000 Initial Public Offering

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Mar 05, 2021
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Northern Star Investment Corp. III (the “Company”) announced today that it closed its upsized initial public offering of 40,000,000 units, including 5,000,000 units subject to the underwriters’ over-allotment option, at $10.00 per unit. The units were listed on the New York Stock Exchange (“NYSE”) and began trading Tuesday, March 2, 2021 under the ticker symbol “NSTC.U”. Each unit consists of one share of the Company’s Class A common stock and one-sixth of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and redeemable warrants are expected to be listed on the NYSE under the symbols “NSTC” and “NSTC WS,” respectively.