Northern Star Acquisition Corp. (STIC.U) Prices Downsized $250M IPO


Northern Star Acquisition Corp. (STIC.U) Prices Downsized $250M IPO

Northern Star Acquisition Corp. announced the pricing of its downsized $250 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “STIC.U” tomorrow, Wednesday, November 11.

The new company aims to combine with a target in the beauty, wellness, self-care, fashion, e-commerce, subscription, or digital-media space. Northern Star is led by Chairperson and CEO Joanna Coles, President and COO Jonathan Ledecky and CFO James H.R. Brady.

Total SPAC deal count for 2020 year-to-date is now 174 with $63.63 billion in gross proceeds raised. This offering is expected to close on Friday, November 13.

Citigroup Global Markets Inc. is acting as the sole book running manager for the offering. Graubard Miller is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.