Northern Star Investment Corp. II Announces Determination to Continue Corporate Existence

Holders of Public Shares to be paid Trust Fund Distribution and Retain Shares

New York, New York, Jan. 25, 2024 (GLOBE NEWSWIRE) — Northern Star Investment Corp. II (the “Company”) today announced that, because it will not be able to consummate an initial business combination as described in the Company’s amended and restated certificate of incorporation (“Charter”) by the current January 28, 2024 deadline, it has determined to commence the process of liquidating the trust account established in connection with the Company’s initial public offering (“IPO”) and distributing funds to holders of the Company’s shares of Class A Common Stock sold in the IPO (the “Public Shares”). Additionally, as the Company has not consummated an initial business combination by the January 28, 2024 deadline, the Company expects the NYSE American to take delisting action with regard to the Company’s securities.

Read more at globenewswire.com