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Friday, January 27, 2023

Northern Star (NYSE: STIC) Confirms Proposed Merger with BARK

Northern Star Acquisition Corp. (NYSE: STIC) disclosed that its stakeholders have authorized the merger with Barkbox, Inc. (BARK). The Annual meeting of the firm was organized by the firm on May 28, 2021, in which the stakeholders of the firm have decided to accept the merger with BARK.

The common stock and warrants of the firm will be renamed “The Original BARK Company”. The new merged firm will start trading on New York Stock Exchange on June 2, 2021. The firm will commence trading with the symbols “BARK” and “BARK WS”, respectively. The merger deal is anticipated to finalize on June 1, 2021.

Shares of Northern Star Acquisition Corp. (NYSE: STIC) soared 11.81% as the firm has gained +1.18 at $11.17 during the trading session of Friday. The firm has recorded the trading volume of 3.29 million as compared to the average volume of 841.49K. Northern Star’s share has surged 3.41% from its 52-week low and plunged -48.03% from its 52-week high. The firm has total market capitalization of $254.10 million at the time of writing.

CEO of Northern Star disclosed that this is the greatest accomplishment of the firm. CEO has expressed his gratitude for all the stakeholders who backed the firm in the merger deal. BARK is a good fit for the firm as it has recently recorded a strong performance in the fourth quarter and fiscal year.

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