Northern Star Investment Corp. II: Nasdaq/NYSE listing notice — Northern Star receives NYSE American notice re audit committee composition after two director resignations

Northern Star Investment Corp. II

Two independent directors (Yeaton, Shapiro) resigned Dec 19, 2023; resignations not due to any disagreement with the company.
NYSE American notified Jan 5, 2024 that audit committee lacks at least two independent members and a financially sophisticated member.
Company has until earlier of next annual meeting or one year from Dec 19, 2023 to cure noncompliance.
Listing of common stock (NSTB) and units (NSTB.U) continues trading; no immediate delisting effect.

item 3.01 item 9.01

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. II received a nyse_american noncompliance notice notice regarding audit committee.

Exchange: nyse american
Notice: noncompliance notice
Deficiency: audit committee

Exact text from the filing

January 5, 2023, the Company received a notice of non-compliance from the staff of the NYSE American Market (the “Exchange”) indicating that the Company was noncompliant with the continued listing standards set forth in Sections 803B(2)(c) and 803B(2)(a)(iii) of the NYSE American Company Guide (the “Company Guide”), since its audit committee is no longer comprised of at least two independent members and does not have at least one member of the audit committee who is financially sophisticated (the “NYSE Notice”). The NYSE Notice stated that pursuant to Section 803(B)(6)(b) of the Company Guide

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Source: SEC EDGAR

accession 0001213900-24-002724

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