NEW YORK, May 28, 2021 /PRNewswire/ -- Northern Star
Acquisition Corp. ("Northern Star") (NYSE: STIC), a publicly traded
special purpose acquisition company, today announced that Northern
Star's stockholders voted to approve its proposed merger with
Barkbox, Inc. ("BARK" or the "Company"), the leading global brand
for dogs, at its Annual Meeting of Stockholders held on
May 28, 2021.
The merger is scheduled to close on June
1, 2021 and the common stock and warrants of the combined
company, which will be renamed "The Original BARK Company", are set
to commence trading on the New York Stock Exchange on June 2, 2021 under the new ticker symbols, "BARK"
and "BARK WS", respectively.
"We are very pleased to reach this important milestone in the
merger process and thank all shareholders for their support," said
Joanna Coles, Chairperson and Chief
Executive Officer of Northern Star. "BARK has delivered tremendous
growth to date, including recently reported strong preliminary
financial results for its fourth quarter and fiscal year. We look
forward to further supporting the Company as it transitions to the
public markets and continues its exciting journey as the world's
most dog-centric business."
The formal results of the vote will be included in a Current
Report on Form 8-K to be filed by Northern Star with the Securities
and Exchange Commission.
About BARK
BARK is the world's most dog-centric company, devoted to making
dogs happy with the best products, services and content. BARK's
dog-obsessed team applies its unique, data-driven understanding of
what makes each dog special to design playstyle-specific toys,
wildly satisfying treats and wellness supplements, and dog-first
experiences that foster the health and happiness of dogs
everywhere. Founded in 2012, BARK loyally serves dogs nationwide
with monthly subscription
services, BarkBox and Super Chewer; a curated
e-commerce experience on BarkShop.com; custom collections via
its retail partner network,
including Target and Amazon; wellness products that
meet your dogs' needs with BARK Bright; and a personalized
meal delivery service for dogs BARK Eats. At BARK, we want to
be the people our dogs think we are and promise to be their voice
until every dog reaches its full tail-wagging potential. Sniff
around at bark.co for more information.
About Northern Star Acquisition Corp.
Northern Star Acquisition Corp. is a special purpose acquisition
company whose management team and Board of Directors are composed
of veteran consumer, media, technology, retail and finance industry
executives and founders, including Joanna Coles, Chairperson
and Chief Executive Officer, and Jonathan Ledecky, President
and Chief Operating Officer. Ms. Coles is a creative media and
technology executive who in her previous roles as editor of two
leading magazines and Chief Content Officer of Hearst Magazines
developed an extensive network of relationships at the intersection
of technology, fashion and beauty. Ms. Coles currently serves as a
special advisor to Cornell Capital, a $7 billion private
investment firm, and is on the board at Snap Inc., Sonos, Density
Software, and on the global advisory board of global payments
company Klarna. Mr. Ledecky is a seasoned businessman with over 35
years of investment and operational experience. He has executed
hundreds of acquisitions across multiple industries and raised
over $25 billion in debt and equity. He is also co-owner
of the National Hockey League's New York Islanders franchise. For
additional information, please
visit https://northernstaric.com.
Cautionary Statement Regarding Forward Looking
Statements
Certain statements included in this press release are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential,"
"seem," "seek," "future," "outlook," and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters, but the absence of these words
does not mean that a statement is not forward-looking. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of other financial and
performance metrics and projections of market opportunity.
These statements are based on various assumptions, whether or
not identified in this press release, and on the current
expectations of BARK's management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of BARK. Some
important factors that could cause actual results to differ
materially from those in any forward-looking statements could
include changes in domestic and foreign business, market,
financial, political and legal conditions. These forward-looking
statements are subject to a number of risks and uncertainties
including the satisfaction of customary closing conditions; failure
to realize the anticipated benefits of the merger; risks relating
to the uncertainty of the projected financial information with
respect to BARK; the risk that spending on pets may not increase at
projected rates; that BARK subscriptions may not increase their
spending with BARK; BARK's ability to continue to convert social
media followers and contacts into customers; BARK's ability to
successfully expand its product lines and channel distribution;
competition; the uncertain effects of the COVID-19 pandemic; and
those factors discussed in documents of Northern Star filed, or to
be filed, with SEC. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that neither Northern Star nor BARK
presently know or that Northern Star and BARK currently believe are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements.
In addition, forward-looking statements reflect Northern Star's
and BARK's expectations, plans or forecasts of future events and
views as of the date of this press release. Northern Star and BARK
anticipate that subsequent events and developments will cause
Northern Star's and BARK's assessments to change. However, while
Northern Star and BARK may elect to update these forward-looking
statements at some point in the future, Northern Star and BARK
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Northern Star's and BARK's assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Contacts
For BARK
Investors:
ICR, Inc.
Jean Fontana
Jean.Fontana@icrinc.com
Media:
Garland Harwood
press@barkbox.com
For Northern Star Acquisition Corp.
Jonathan Gasthalter/Nathaniel Garnick/Sam
Fisher
Gasthalter & Co.
(212) 257-4170
northernstar@gasthalter.com
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SOURCE BARK and Northern Star Acquisition Corp.
