CORRESP 1 filename1.htm

 

 

Graubard Miller

The Chrysler Building

405 Lexington Avenue

New York, N.Y. 10174-4499

(212) 818-8800

 
     
facsimile   direct dial number  
(212) 818-8881   (212) 818-8638  
    email address  
    jgallant@graubard.com

 

  December 6, 2022

 

Securities and Exchange Commission

Division of Corporation Finance

Office of Real Estate & Construction

100 F Street, N.E.

Washington, D.C. 20549

 

  Re: Northern Star Investment Corp. II
    Preliminary Proxy Materials
    Filed November 22, 2022
    File No.: 001-39929

 

Dear Ladies and Gentlemen:

 

On behalf of Northern Star Investment Corp. II (“Company”), we respond as follows to the Staff’s comment letter, dated December 6, 2022, relating to the above-captioned Preliminary Proxy Statement (“Proxy Statement”).

 

Please note that for the Staff’s convenience, we have recited the Staff’s comment and provided the Company’s response to such comment immediately thereafter.

 

Preliminary Proxy Statement on Schedule 14A filed November 22, 2022

 

General  

 

1. With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or has substantial ties with a non-U.S. person. If so, also include risk factor disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to complete an initial business combination with a U.S. target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that as a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity in a target company, any price appreciation in the combined company, and the warrants, which would expire worthless.

 

We have been advised by the Company’s sponsor that it is not, is not controlled by, does not have any members who are, and has no substantial ties with, a non-U.S. person. Accordingly, we have not revised the disclosure in the Proxy Statement in response to this comment.

 

*  *  *  *  *  *  *  *  *  *

 

 

 

    

 

Securities and Exchange Commission

December 6, 2022

Page 2

 

If you have any questions, please do not hesitate to contact me at the above telephone and facsimile numbers.

 

  Sincerely,
   
  /s/ Jeffrey M. Gallant
  Jeffrey M. Gallant

 

  cc: Ms. Joanna Coles
    Mr. Jonathan Ledecky