Northern Star Investment Corp. III (NSTC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	37.34 k	37.34 k	37.34 k	37.34 k	37.34 k	37.34 k
Cash burn (monthly)	35.78 k	18.52 k	(no burn)	(no burn)	69.12 k	134.90 k
Cash used (since last report)	636.63 k	329.58 k	n/a	n/a	1.23 mm	2.40 mm
Cash remaining	-599.29 k	-292.24 k	n/a	n/a	-1.19 mm	-2.36 mm
Runway (months of cash)	-16.7	-15.8	n/a	n/a	-17.3	-17.5

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

NSTC institutional ownership history Ownership history

44.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	17	4	+325.0%
Opened positions	15	0	NEW
Closed positions	2	80	-97.5%
Increased positions	1	0	NEW
Reduced positions	0	3	EXIT

13F shares	Current	Prev Q	Change
Total value	37.91 bn	4.05 bn	+835.4%
Total shares	6.07 mm	2.85 mm	+113.5%
Total puts	0.00	0.00
Total calls	400.00 k	0.00	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Fitzgerald Securities Cantor	2.43 mm	$0.00	0.0%
Polar Asset Management Partners	492.00 k	$5.12 bn	NEW
Periscope Capital	447.06 k	$4.65 bn	+11.8%
Fir Tree Capital Management	400.00 k	$4.16 bn	NEW
Magnetar Financial	400.00 k	$4.16 bn	NEW
Alberta Investment Management	400.00 k	$4.16 bn	NEW
Atlas Merchant Capital	400.00 k	$4.16 bn	NEW
Radcliffe Capital Management	398.50 k	$4.14 bn	NEW
Meteora Capital	247.20 k	$2.57 bn	NEW
Moore Capital Management	200.00 k	$2.08 bn	NEW

Largest transactions	Shares	Bought/sold	Change
Polar Asset Management Partners	492.00 k	+492.00 k	NEW
Fir Tree Capital Management	400.00 k	+400.00 k	NEW
Magnetar Financial	400.00 k	+400.00 k	NEW
Alberta Investment Management	400.00 k	+400.00 k	NEW
Atlas Merchant Capital	400.00 k	+400.00 k	NEW
Radcliffe Capital Management	398.50 k	+398.50 k	NEW
Meteora Capital	247.20 k	+247.20 k	NEW
Moore Capital Management	200.00 k	+200.00 k	NEW
Boothbay Fund Management	103.62 k	+103.62 k	NEW
Quarry	98.32 k	+98.32 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NSTC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
25 Mar 24	Northern Star III Sponsor	Class A Common Stock	Conversion	Acquire C	Yes	No	174,999	9,883,333
25 Mar 24	Northern Star III Sponsor	Class B Common Stock Class A Common Stock	Conversion	Dispose C	Yes	No	174,999	0
25 Mar 24	James HR Brady	Class A Common Stock	Conversion	Acquire C	No	No	116,667	116,667
25 Mar 24	James HR Brady	Class B Common Stock Class A Common Stock	Conversion	Dispose C	No	No	116,667	0
21 Jul 23	Northern Star III Sponsor	Class B Common Stock Class A Common Stock	Other	Acquire J	No	No	58,333	174,999

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.