Northern Star Investment Corp. IV: Nasdaq/NYSE listing notice — NYSE commences delisting proceedings for Northern Star Investment Corp. IV due to market cap shortfall

Northern Star Investment Corp. IV

Received NYSE notice on Sept 12, 2023 for failing to maintain $40M average public market cap over 30 days.
Trading suspended on NYSE effective Sept 12; shares to trade OTC under "NSTD" and "NSTD.U" starting Sept 13.
Company has until Sept 26, 2023 to request a review of the Staff's determination.
Delisting applies to Class A common stock, units, and warrants (NSTD, NSTD.U, NSTD WS).

item 3.01

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 delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

ss A Common Stock and one-sixth of one redeemable warrant (the “ Units ”), each warrant exercisable for one share of Class A Common Stock of the Company (the “ Warrants ”), from the NYSE. The Notice indicated that the Staff reached its decision to delist the Company’s securities pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Staff determined that the Company had fallen below the NYSE’s continued listing standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares over a consec

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Source: SEC EDGAR

accession 0001213900-23-076730

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