Item 8.01. Other Events.
As previously disclosed, Northern Star Investment Corp. III (the "Company") is
seeking to effectuate an extension of time to consummate an initial business
combination, as described in the Company's proxy statement filed with the
Securities and Exchange Commission ("SEC")on February 9, 2023 (the "Proxy
Statement"). As described in the Proxy Statement, the holders of shares of Class
A Common Stock of the Company sold in the Company's initial public offering (the
"IPO") and held by public stockholders (the "public shares") may elect to have
their public shares redeemed for their pro rata portion of the funds held in the
trust account (the "trust account") established in connection with the IPO
(calculated as of two business days prior to the special meeting) if the
extension is implemented. It is currently anticipated that holders of public
shares that exercised their redemption rights in connection with the meeting
would receive approximately $10.165 per share if the extension is effectuated.
Forward-Looking Statements
This Current Report on Form 8-K (the "Report") includes forward-looking
statements that involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual results to differ
from the forward-looking statements. These forward-looking statements and
factors that may cause such differences include, without limitation, the risks
and uncertainties indicated from time to time in the Company's filings with the
SEC. Readers are cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. The Company expressly
disclaims any obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to reflect any
change in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is based.
No Offer or Solicitation
This Report shall not constitute a solicitation of a proxy, consent or
authorization with respect to any securities. This communication shall also not
constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any states or
jurisdictions in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act or an
exemption therefrom.
Additional Information and Where to Find It
The Company urges investors, stockholders and other interested persons to read
the Proxy Statement as well as other documents filed by the Company with the
SEC, because these documents will contain important information about the
Company and the extension. Stockholders may obtain copies of the Proxy
Statement, without charge, at the SEC's website at www.sec.gov or by directing a
request to the Company's proxy solicitor, Advantage Proxy, Inc., P.O. Box 13581,
Des Moines, WA 98198, Attn: Karen Smith, Toll Free Telephone: (877) 870-8565,
Main Telephone: (206) 870-8565, E-mail: ksmith@advantageproxy.com.
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