Northern Star III shareholders approve charter amendment removing SPAC provisions; all Class B converted

Northern Star Investment Corp. III

On March 26, 2024, stockholders approved amendment to certificate of incorporation to remove SPAC-related provisions; vote: 11,533,472 for, 403,304 against.
Company filed Second Amended and Restated Certificate of Incorporation with Delaware Secretary of State.
Remaining 291,666 Class B shares voluntarily converted into Class A; now 12,280,008 Class A shares outstanding, zero Class B.
Company is finalizing distribution from trust account to public stockholders; details to follow.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Northern Star Investment Corp. III: Amended certificate of incorporation to remove SPAC provisions, including requirement to cancel Class A common stock after trust distribution (effective 2024-03-26).

Change: charter amendment
Effective: 2024-03-26

Exact text from the filing

Proposal No. 1 — The Amendment Proposal — a proposal to amend the Company’s amended and restated certificate of incorporation (the “Charter”) to remove the provisions applicable to special purpose acquisition companies, including the requirement to cancel the Company’s shares of Class A common stock sold in the Company’s initial public offering following distribution of the funds held in the Company’s trust account.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Northern Star Investment Corp. III shareholders approved Amend the Company's amended and restated certificate of incorporation to remove provisions applicable to special purpose acquisition companies, including the requirement to cancel the Company's shares of Class A common stock sold in the Company's initial public offering following distribution of the at the 2024-03-26 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2024-03-26

Exact text from the filing

(1) Proposal No. 1 — The Amendment Proposal — a proposal to amend the Company’s amended and restated certificate of incorporation (the “Charter”) to remove the provisions applicable to special purpose acquisition companies, including the requirement to cancel the Company’s shares of Class A common stock sold in the Company’s initial public offering following distribution of the funds held in the Company’s trust account.

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Source: SEC EDGAR

accession 0001213900-24-027957

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