Northern Star Investment Corp. IV
NSTD-UN
New York Stock Exchange10.46
USD
-0.03
- -
CIK
0001835814
Return %
Stock
S&P500
1Y
6.19
18.21
3Y
4.60
64.38
5Y
4.60
72.43
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
- 0001835814
- Website
- northernstaric4.com
- Similar Companies
- Business
- Northern Star Investment Corp. IV (NSTD-UN) operates as a blank check company whose principal business activity is to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations or similar business combinations with one or more businesses or entities. Incorporated in Delaware on November 30, 2020, the company is headquartered in New York and focuses on targets primarily in the direct-to-consumer and digitally-disruptive e-commerce spaces; it offers no core products or services beyond its structure as a special purpose acquisition company, including 40,000,000 units from its March 2021 initial public offering at $10.00 per unit, each comprising one Class A common share and one-sixth of a redeemable warrant exercisable at $11.50 per share, alongside private placement warrants. Geographically, it conducts operations in the United States with securities trading over-the-counter following delisting from the NYSE in late 2023 due to falling below the minimum $40 million market capitalization threshold. In recent major changes, the company failed to complete an initial business combination by its March 4, 2024 deadline after multiple extensions approved in 2023 special meetings, during which public shareholders redeemed approximately 89% of shares ahead of votes, leaving about $24.4 million in its trust account prior to distribution; it held a March 26, 2024 special meeting to approve amending its charter to remove SPAC-specific provisions, including mandatory public share cancellation post-trust distribution, enabling continuation as a publicly reporting shell company trading on OTC Pink with sponsor support for ongoing costs and future acquisitions. Northern Star IV Sponsor LLC, holding approximately 79.4% of voting shares as of the record date, supported the amendment, which management anticipated implementing to allow public shareholders to retain shares for potential future transactions despite nominal post-distribution assets. The company faces a March 2024 termination risk absent further action and delisted alongside affiliates from NYSE in December 2023, with plans to pursue Nasdaq listing tied to any merger.