secwatch.observer — SEC 8-K summary
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Issuer:     Northern Star Investment Corp. III (—)
CIK:        0001835817
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001213900-23-017923
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Star III shareholders OK extension to Sept 2023; ~35.9M shares redeemed for $365.4M
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- Shareholders approved amendment to extend business combination deadline from March 4 to Sept 4, 2023.
- Public holders redeemed 35,999,848 shares (90% of public float), leaving 4,000,152 public shares outstanding.
- Sponsor entered non-redemption agreements for 1,292,000 shares; will transfer 323,000 sponsor shares post-business combination.
- Sponsor converted 9,708,334 Class B shares to Class A, resulting in 13,708,486 Class A and 291,666 Class B shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835817/000121390023017923/0001213900-23-017923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835817/000121390023017923/ea174749-8k_northerns3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-017923

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