Northern Star Investment Corp. IV: Nasdaq/NYSE listing notice — Northern Star IV loses majority independent director, triggering NYSE non-compliance

Northern Star Investment Corp. IV

Director Kirsten A. Green resigned Jan. 24, 2023, leaving Board with no independent majority.
Audit committee now has fewer than three members and lacks a financial expert, violating NYSE rules.
NYSE issued formal non-compliance notice on Feb. 6, 2023; company must cure promptly.
Board is searching for a qualified independent director to fill the vacancy and regain compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Northern Star Investment Corp. IV received a nyse noncompliance notice notice regarding other (rules 303A.01, 303A.07(a)).

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

Exact text from the filing

with financial management expertise. Prior to Ms. Green’s resignation, the Board was comprised of three independent directors and two non-independent directors. As a result of Ms. Green’s resignation, the Board is not currently comprised of a majority of independent directors as required by Section 303A.01 of the NYSE Listed Company Manual. Also as a result of Ms. Green’s resignation, the audit committee does not have at least three members as required by Section 303A.07(a) nor a designated member with financial management expertise as also required by Section 303A.07(a). As required by the NY

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Source: SEC EDGAR

accession 0001213900-23-009863

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