Units consist of one Class A ordinary share, one right to 1/4 share on business combination, and one warrant exercisable at $11.50.
Over-allotment option remains open for 1,500,000 additional units for 45 days.
Private placement of 231,750 units to Sponsor generated $2,317,500 at $10.00 per unit; units identical to public units with transfer restrictions.
$100,000,000 placed in trust account at Equiniti Trust Company. Funds released only on business combination, redemption, or liquidation.
Completion window is 12 months from closing, extendable by two three-month periods to 18 months per Amended Charter.
Agreements executed: Underwriting Agreement with D. Boral Capital LLC, Warrant Agreement, Rights Agreement, Trust Agreement, Letter Agreement, Registration Rights Agreement, Private Placement Units Purchase Agreement, Indemnity Agreements, and Administrative Services Agreement.
Amended and Restated Memorandum and Articles became effective immediately prior to closing.
Pulse Impact
- Previous Pulse: 52
- New Pulse: 52
- Change: Unchanged
- Driver: 8-K did not change the live Pulse reading.
Northstrive Acquisition Corp I. Form 8-K (2026-08-20)
Not investment advice. Facts taken from the company’s Form 8-K.