Northern Star Investment Corp. IV
NSTD
New York Stock Exchange0.00
USD
-0.05
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Northern Star Investment Corp. IV
NSTD
(New York Stock Exchange)
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yld
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ROIC.AI
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- Business
- Northern Star Investment Corp. IV (NSTD) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, particularly targeting opportunities in direct-to-consumer and digitally-disruptive e-commerce sectors. The company offers no current products or services beyond its structure to facilitate such transactions, including Class A common stock, redeemable warrants exercisable at $11.50 per share, and units comprising one share of Class A common stock and one-sixth of a warrant; it completed an upsized initial public offering in March 2021, raising $400 million through the sale of 40 million units at $10.00 each on the New York Stock Exchange. Incorporated in 2020 and headquartered at c/o Graubard Miller, The Chrysler Building, 405 Lexington Avenue, New York, New York, the company conducts its activities primarily in the United States. Recent major changes include delisting from the NYSE in September 2023 after falling below the $40 million average aggregate global market capitalization continued listing standard, with trading shifting to the OTC Markets under ticker NSTD; high shareholder redemptions of 89% ahead of an extension vote left approximately 4.2 million shares outstanding, and the company expressed intent to pursue Nasdaq listing in connection with a potential merger. Key executives comprise Jonathan Joseph Ledecky as President, Chief Operating Officer, and Director, and James H. R. Brady as Chief Financial Officer, Secretary, and Treasurer.