Northern Star Investment Corp. II: Nasdaq/NYSE listing notice — Northern Star Investment Corp. II receives NYSE non-compliance notice due to insufficient independent directors

Northern Star Investment Corp. II

Two independent directors (Kirsten A. Green, Maryann Turcke) resigned Jan 24-25, 2023.
Board no longer has majority independent directors; audit committee lacks three members and financial expert.
NYSE issued non-compliance notice on Feb 6, 2023 for Sections 303A.01 and 303A.07.
Company intends to appoint two new independent directors qualified for audit committee service.
Board now composed of one independent and two non-independent directors; search for replacements ongoing.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

Northern Star Investment Corp. II received a nyse noncompliance notice notice regarding board independence (rules 303A.01, 303A.07(a)).

Exchange: nyse
Notice: noncompliance notice
Deficiency: board independence
Rules: 303A.01, 303A.07(a)

Exact text from the filing

February 6, 2023, the Company received an official notice of non-compliance from the NYSE (the “NYSE Notice”). The NYSE Notice stated that the Company will need to correct the non-compliance as promptly as practicable. It is the intention of the Board to appoint two new independent directors as soon as practicable, each duly qualified for service on the audit committee and other committees of the Board, and at least one who can be the designated audit committee member with financial management expertise. The Board is diligently engaged in a search to identify candidates qualified to fill the v

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Source: SEC EDGAR

accession 0001213900-23-009862

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