Northern Star Investment Corp. IV (NYSE:NSTD.U) announced private placement of 7,750,000 warrants at a price of $1 per warrant for gross proceeds of $7,750,000 with existing investor Northern Star IV Sponsor LLC on February 4, 2021. Each warrant is exercisable at $11.50 per class A share, subject to adjustment, on the later of 30 days after the completion of initial business combination and 12 months from the closing of this offering, and will expire five years after the completion of initial business combination or earlier upon redemption or liquidation. The company may allot 8,650,000 warrants if the over-allotment option is exercised in full. The transaction will close concurrently with closing of public offering. The private placement warrants will be non-redeemable for cash and exercisable on a cashless basis so long as the investor or its permitted transferees hold them. The warrants will be subject to hold period of 30 days after the completion of initial business combination.