Northern Star Investment Corp. IV Northern Star Investment Corp. IV (NSTD-WT) operates as a blank check company whose principal business activity focuses on effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities; it originally targeted opportunities primarily in the direct-to-consumer and digitally-disruptive e-commerce spaces. The company offers redeemable units consisting of one share of Class A common stock and one-sixth of one redeemable warrant exercisable for one share of Class A common stock at $11.50 per share, Class A common stock, and redeemable warrants. Incorporated in 2020 and headquartered at 405 Lexington Avenue, New York, New York, the company conducts operations in the United States and Canada. In March 2021, Northern Star Investment Corp. IV completed an upsized initial public offering raising $400 million; the NYSE commenced delisting proceedings in September 2023 due to failure to meet the minimum $40 million market capitalization continued listing standard, with trading shifting to over-the-counter markets and formal delisting completed in December 2023. In March 2024, shareholders approved a charter amendment to extend the period for completing an initial business combination and continue corporate existence beyond traditional SPAC deadlines following heavy redemptions of approximately 89% of public shares; the company faced SEC charges in January 2024 related to predecessor entity Northern Star Investment Corp. II's nondisclosure of pre-IPO merger discussions, though no merger has been consummated as of late 2025.