Northern Star Investment Corp. III
NSTC-UN
New York Stock Exchange10.57
USD
+0.07
- -
CIK
0001835817
Return %
Stock
S&P500
1Y
7.31
18.21
3Y
5.70
63.29
5Y
5.70
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jonathan Jospeh Ledecky
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- The Chrysler Building New York City NY United States of America 10174
- IPO Date
- Mar 2, 2021
- CIK
- 0001835817
- Website
- northernstaric3.com
- Similar Companies
- Business
- Northern Star Investment Corp. III is a special purpose acquisition company (SPAC) founded in 2020 and headquartered in New York, New York. The company focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily targeting opportunities in the direct-to-consumer and digitally disruptive e-commerce sectors. Northern Star Investment Corp. III offers units consisting of Class A common stock and redeemable warrants, designed to facilitate investment and capital raising through public markets. The company does not engage in traditional operating activities but serves principally as a vehicle to identify and consummate a business combination with one or more target companies. A significant recent development for Northern Star Investment Corp. III includes the suspension and commencement of delisting proceedings of its warrants by the New York Stock Exchange as of late 2022, reflecting regulatory actions based on price suitability. There are no public disclosures of company-operated products or services beyond SPAC-related activities, mergers, or acquisitions announced. The company continues trading its Class A common stock and units on the NYSE, preserving its primary function as a merger and acquisition entity in the e-commerce and direct-to-consumer digital spaces under the leadership of CEO Joanna Coles. In summary, Northern Star Investment Corp. III operates in the financial investment and acquisition industry with a focus on strategic business combinations within e-commerce-related sectors. Its key activities revolve around capital markets engagement, sponsor-led acquisitions, and stock offerings, with recent notable events centered on compliance and regulatory proceedings regarding its warrant listings. The company remains active in pursuing acquisition targets aligned with its investment thesis to unlock shareholder value.