Northern Star Investment Corp. III is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Company profile
Ticker
NSTC, NSTC.UN
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
853909728
NSTC stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
22 May 23
8-K
Departure of Directors or Certain Officers
18 May 23
NT 10-Q
Notice of late quarterly filing
15 May 23
8-K
Entry into a Material Definitive Agreement
7 Mar 23
8-K
Entry into a Material Definitive Agreement
3 Mar 23
8-K
Entry into a Material Definitive Agreement
2 Mar 23
8-K
Other Events
1 Mar 23
8-K
Entry into a Material Definitive Agreement
1 Mar 23
8-K
Entry into a Material Definitive Agreement
28 Feb 23
8-K
Other Events
27 Feb 23
Latest ownership filings
3
David Shapiro
18 May 23
3
Howard Yeaton
18 May 23
SC 13D
LEDECKY JONATHAN J
17 May 23
4
JONATHAN J LEDECKY
16 May 23
4
JONATHAN J LEDECKY
7 Mar 23
SC 13G/A
JPMORGAN CHASE & CO
6 Mar 23
SC 13G
JANE STREET GROUP, LLC
14 Feb 23
SC 13G/A
GLAZER CAPITAL, LLC
14 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G/A
Magnetar Financial LLC
9 Feb 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Revenue | |||||
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| Operating income | |||||
| Operating margin | |||||
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| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Sep 22 | Sep 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 144.68 k | 144.68 k | 144.68 k | 144.68 k | 144.68 k | 144.68 k |
| Cash burn (monthly) | (no burn) | 20.27 k | (no burn) | (no burn) | 45.15 k | 127.62 k |
| Cash used (since last report) | n/a | 39.93 k | n/a | n/a | 88.95 k | 251.41 k |
| Cash remaining | n/a | 104.76 k | n/a | n/a | 55.74 k | -106.73 k |
| Runway (months of cash) | n/a | 5.2 | n/a | n/a | 1.2 | -0.8 |
Institutional ownership, Q4 2022
49.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 84 |
| Opened positions | 23 |
| Closed positions | 34 |
| Increased positions | 20 |
| Reduced positions | 23 |
| 13F shares | Current |
|---|---|
| Total value | 362.72 bn |
| Total shares | 42.24 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Magnetar Financial | 3.34 mm | $33.55 bn |
| JPM JPMorgan Chase & Co. | 2.98 mm | $29.99 mm |
| Fitzgerald Securities Cantor | 2.43 mm | $0.00 |
| Jane Street | 1.98 mm | $19.94 bn |
| Aristeia Capital | 1.87 mm | $18.82 bn |
| Marshall Wace | 1.85 mm | $18.62 bn |
| Adage Capital Partners GP, L.L.C. | 1.75 mm | $17.59 bn |
| Millennium Management | 1.60 mm | $16.11 bn |
| Westchester Capital Management | 1.54 mm | $15.44 bn |
| NMR Nomura | 1.53 mm | $15.41 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 May 23 | Northern Star III Sponsor | Class B Common Stock Class A Common Stock | Other | Acquire J | No | No | 0 | 58,333 | 0.00 | 116,666 |
| 12 May 23 | Northern Star III Sponsor | Class B Common Stock Class A Common Stock | Other | Acquire J | No | No | 0 | 58,333 | 0.00 | 58,333 |
| 3 Mar 23 | Northern Star III Sponsor | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 9,708,334 | 0.00 | 9,708,334 |
| 3 Mar 23 | Northern Star III Sponsor | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 9,708,334 | 0.00 | 0 |