NorthStrive Acquisition Corp I.
NSAI
NO ACTION REQUIRED
Nothing required today
No redemption election is on file for this SPAC. A date appears here the day one is filed.
Not a redemption window — reaching it gives you no right to cash.
Cash per share
Held for each public share, as last filed.
Last close
Daily close · 9 Sept 2026
SpacBrain’s read
Floor not confirmed
No redemption window has closed — but no dated redemption election is on file for this name either, so we cannot show you a date to act by.
What we do have: no window has closed, and the deadline we compute for it runs to 19 August 2027 — our arithmetic off the IPO date and the charter term, not a date any filing we hold states. That deadline is not itself a window you can redeem into. The full chain of evidence is under Evidence.
Change on the last daily close+0.0% day
That is $0.14 below the $10.00 of cash held per share as last filed — though the right to claim that cash is not confirmed on file.
In plain terms
- What it is
- A SPAC from NorthStrive Sponsor I LLC, listed in August 2026.
- What it's doing now
- It is still looking: no purchase has been announced. No filing we hold states the date it has to agree one by; our own estimate, from the IPO date and the charter term, is 19 August 2027. After that date it must ask shareholders for more time, or give the money back and close.
- What you should know
- We have no filed date on which you could claim the cash back, so we cannot tell you a day to act by. That is a gap in the public record, not a statement that the right has gone.
At a glance
- Where it stands
- Searching · next dated event 19 August 2027
- charter deadline (our estimate) — not a date on which you can claim cash.
- Merging with
- No target announced — still searching.
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- not stated in the filings we hold
- Price vs cash floor
- $9.86 vs $10.00
- $0.14 below the last filed cash held for you
- Cash left in trust
- not yet extracted into a snapshot — the filings below may state it
- IPO
- 19 August 2026
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- C/O SERVICES CAYMAN LIMITED, GRAND CAYMAN, KY1-1001
- registered in the Cayman Islands
- Lead underwriter
- D. Boral Capital LLC
- Key officers
- Parry Jeffrey (Director) · KEPLER GUST (Director) · Tamer Michel S (Chief Executive Officer)
- Listed securities
- NSAI common · NSAIU unit $10.03 · NSAI common $9.86
As last filed — the filing date is not recorded.
- vs last filed NAV
- 1.4%below cash
- $10.00
Measured against the last filed cash figure. No accrued estimate is published for this SPAC, so no second reading is shown.
The date by which this SPAC must close a combination or return the trust. Reaching it is not itself a redemption window. What an outside date is →
Yield to redemption
No dated redemption window on file — no yield to compute.
We hold no redemption election for this SPAC. The only dated event on file is the charter deadline on Aug 19, 2027, which pays a holder nothing — so no yield can be measured to it. An unsourced date would make the yield look filed when it is not.
What is protecting this price
The reasoning behind the verdict above, in the order the filings establish it.
- No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
- Cash held in trust is $10.00 per share as last filed. That is the figure a redemption pays out at, plus whatever interest the trust earns between the filing and the window.
- The charter runs to a date no filing we hold states; from the IPO date and the charter term we estimate 19 August 2027. Whenever it falls, if no deal closes by then the trust is returned to holders — a floor of a different kind: it pays out, but you do not choose when, and this one you should read out of the prospectus yourself.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 19 August 2026IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsOne number for the shape of the bet: how much upside you are getting per unit of downside. It is arithmetic over filed fields, not a rating and not advice — and it is the same number this SPAC carries on the leaderboard, the screener and the deal list, because all four read one engine.
1.4% below the last filed trust — floor not confirmed — no redemption election on file
The blend is trust discount (40 points), deal stage (30), sponsor track record (18) and time to catalyst (12). Every input is a real sourced field; where one is missing, confidence drops rather than a number being invented.
The company
from SEC filingsRead the full profile
NorthStrive Acquisition Corp I. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus its search for a target business on companies engaged in the manufacturing sector serving high-demand end markets, including aerospace and defense, industrial technology, and critical supply chains, though its search will not be exclusively limited to that sector. NorthStrive plans to conduct a global search without geographic limitation but affirmatively excludes any target whose financial statements are audited by a PCAOB-uninspectable accounting firm for two consecutive years beginning in 2021 and any target with China operations consolidated through a VIE structure.
The company filed its S-1 registration statement with the SEC on July 22, 2026, for an initial public offering of 10,000,000 units at $10.00 per unit, raising $100,000,000 in gross proceeds. Each unit consists of one Class A ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fourth (1/4) of one Class A ordinary share upon consummation of an initial business combination. The units trade on Nasdaq under the symbol NSAI. D. Boral Capital LLC serves as sole book-running manager and holds a 45-day over-allotment option for up to 1,500,000 additional units. Of the offering proceeds, $100,000,000 (or $115,000,000 if the over-allotment is exercised in full), representing 100% of gross proceeds at $10.00 per unit, will be deposited into a U.S.-based trust account with Equiniti Trust Company, LLC as trustee.
The company's sponsor is NorthStrive Sponsor I LLC, a Delaware limited liability company, which has committed to purchasing 231,750 private
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This structural change allows investors to liquidate or hedge specific components of their SPAC investment independently, potentially affecting liquidity and price discovery for the warrants and rights prior to a business combination deadline of 2027-08-19.
This filing establishes the foundational financial and timeline mechanics for the SPAC. Investors tracking redemption deadlines note that the initial deadline to complete a business combination is 12 months from closing (August 19, 2027), with potential extensions to February 19, 2028. The trust value per public share is $10.00, and any redemptions before a deal or liquidation will return approximately that amount less deferred underwriting commissions and taxes. Sponsor economics (founder shares, private placement units, forfeiture provisions) are also specified, affecting potential dilution. The focus on manufacturing/high-growth targets (aerospace, defense, industrial tech, supply chains) provides target sector guidance.
According to the company's filing, executed by Chief Executive Officer Michel Tamer on August 17, 2026, on behalf of the Cayman Islands exempted company located at 120 Newport Center Drive, Newport Beach, CA 92660, the security descriptions are incorporated by reference from the Registration Statement on Form S-1 (Registration No. 333-297611), initially filed July 22, 2026, and amended August 11, 2026. The explicit contractual condition that Rights activate only 'upon the completion of an initial business combination' establishes the baseline capital preservation timeline, while the $11.50 warrant exercise price and $0.0001 par value provide fixed reference parameters for future pricing. For investors monitoring liquidity events and deal progression, this document confirms the formal listing mechanics without altering the pre-combination redemption or voting architecture; any subsequent shifts in trust distributions, target acquisition milestones, or sponsor amendment proposals will require separate prospectus supplements, proxy materials, or 8-K disclosures.
Defines the redemption/trust calendar and economics investors will track: trust starts at $10.00 per public share, deadline is 12 months from IPO close with two $0.10-per-share extension installments available to the sponsor, liquidation triggers redemption of 100% of public shares within 10 business days after the completion window lapses (net of taxes and up to $100,000 of interest for dissolution expenses). Sponsor conduct flags are present: founder shares acquired at roughly 1/2000th of the public price creating an estimated post-deal implied value of $6.69 per public share (a ~33.1% dilution, per NSAI's own table), $10,000/month administrative fees to a sponsor affiliate, up to $500,000 of sponsor loans repayable at IPO close, and convertible working capital loans at $10.00/unit. Financial position is thin: $24,446 cash, $47,194 working capital deficit as of June 30, 2026, with the auditor raising substantial going-concern doubt.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: NorthStrive Acquisition Corp I. announced on August 31, 2026 that holders of its units (NSAIU) may elect to separately trade the Class A Ordinary Shares (NSAI), Rights (NSAIR), and Warrants (NSAIW) commencing September 2, 2026. Why it matters: This structural change allows investors to liquidate or hedge specific components of their SPAC investment independently, potentially affecting liquidity and price discovery for the warrants and rights prior to a business combination deadline of 2027-08-19.
What changed: NorthStrive Acquisition Corp I. consummated its initial public offering on August 19, 2026, selling 10,000,000 units at $10.00 per unit for total gross proceeds of $100,000,000, and simultaneously completed a private placement of 231,750 units to the Sponsor for $2,317,500. A total of $102,317,500 in proceeds was received, with $100,000,000 placed in a U.S.-based trust account maintained by Equiniti Trust Company, LLC. After paying $1,620,488 in IPO-related expenses (including $256,920 repaid under a sponsor promissory note) and $39,629 in operating expenses, the Company holds working capital of $591,729 outside the trust account. Why it matters: This filing confirms the successful closing of the SPAC's IPO and the establishment of the trust account holding $100,000,000, which sets the baseline value for shareholders ahead of the redemption deadline of 2027-08-19. It details the specific allocation of funds between the trust account and working capital, providing transparency on the company's liquidity position ($591,729) and expense structure post-IPO.
Show the other 10 filings
What changed: 8-K Current Report on Form 8-K filed by NorthStrive Acquisition Corp I. on August 20, 2026, reporting the pricing and closing of its initial public offering (IPO). The document reviews the IPO of 10,000,000 units at $10.00 per unit, gross proceeds of $100,000,000, the related entry into material definitive agreements (underwriting, warrant, rights, trust, registration rights, private placement, indemnity, administrative services), the private placement of 231,750 units to the sponsor for $2,317,500, and the deposit of $100,000,000 into a trust account. It also covers the effectiveness of amended charter and director/officer appointments. The SPAC completed its IPO, raising $100 million in gross proceeds (all placed in trust), issued units consisting of one Class A ordinary share, one right (entitling holder to 1/4 share upon business combination), and one warrant (exercisable at $11.50 per share). It simultaneously closed a private placement of 231,750 units to the sponsor at $10.00 per unit. The trust account holds $100,000,000 and will be released only on consummation of a business combination, redemption of public shares if no deal within 12 months (extendable up to 18 months via two 3-month extensions by depositing $0.10 per share per extension), or certain charter amendments. The amended and restated memorandum and articles of association became effective. Officers and directors were appointed and entered into indemnity and letter agreements. Why it matters: This filing establishes the foundational financial and timeline mechanics for the SPAC. Investors tracking redemption deadlines note that the initial deadline to complete a business combination is 12 months from closing (August 19, 2027), with potential extensions to February 19, 2028. The trust value per public share is $10.00, and any redemptions before a deal or liquidation will return approximately that amount less deferred underwriting commissions and taxes. Sponsor economics (founder shares, private placement units, forfeiture provisions) are also specified, affecting potential dilution. The focus on manufacturing/high-growth targets (aerospace, defense, industrial tech, supply chains) provides target sector guidance.
What changed: Form 8-A for Registration of Certain Classes of Securities pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934, registering specific security classes for listing on The Nasdaq Stock Market LLC. This routine compliance exhibit registers four distinct classes of securities: Units (each comprising one Class A Ordinary Share, one warrant, and one right), Class A Ordinary Shares (par value $0.0001 per share), Rights (entitling holders to one-fourth of one Class A Ordinary Share upon completion of an initial business combination), and Warrants (exercisable for one Class A Ordinary Share at $11.50 per share). The filing discloses no adjustments to redemption deadline calendars, trust account valuation reports, extension vote triggers, or sponsor governance conduct. Why it matters: According to the company's filing, executed by Chief Executive Officer Michel Tamer on August 17, 2026, on behalf of the Cayman Islands exempted company located at 120 Newport Center Drive, Newport Beach, CA 92660, the security descriptions are incorporated by reference from the Registration Statement on Form S-1 (Registration No. 333-297611), initially filed July 22, 2026, and amended August 11, 2026. The explicit contractual condition that Rights activate only 'upon the completion of an initial business combination' establishes the baseline capital preservation timeline, while the $11.50 warrant exercise price and $0.0001 par value provide fixed reference parameters for future pricing. For investors monitoring liquidity events and deal progression, this document confirms the formal listing mechanics without altering the pre-combination redemption or voting architecture; any subsequent shifts in trust distributions, target acquisition milestones, or sponsor amendment proposals will require separate prospectus supplements, proxy materials, or 8-K disclosures.
What changed: Initial Form S-1 registration statement / preliminary prospectus for NorthStrive Acquisition Corp I.'s $100,000,000 IPO of 10,000,000 units (each unit = one Class A share, one warrant exercisable at $11.50, and one right to 1/4 of a Class A share), filed 2026-07-22 by a newly-formed Cayman Islands blank-check company in SEARCHING status with no target selected and no substantive discussions initiated. Establishes the full IPO/trust/redemption architecture for a new SPAC: $100,000,000 (or $115,000,000 with full over-allotment) to be deposited in a U.S. trust account at Equiniti, equal to $10.00 per public unit; sponsor to purchase 231,750 private units at $10.00 ($2,317,500, or 246,750/$2,467,500 with over-allotment); 12-month completion window from offering close, extendable by up to two 3-month periods by depositing $0.10 per outstanding share per period, with unlimited shareholder-vote extensions also possible; public shareholders get redemption rights at trust value (initially ~$10.00/share) regardless of vote, with a 15% aggregate cap per shareholder/group if seeking shareholder approval; sponsor/founders acquired 4,829,998 Class B shares for $24,496 (~$0.005/share), up to 629,998 of which are forfeitable if over-allotment is not exercised; initial shareholders will own ~30% post-offering and can approve a deal with as few as 27.8% of public shares voted in favor; warrants become exercisable on the later of 12 months from issuance or business-combination close and expire 5 years after close; rights expire worthless on liquidation. Why it matters: Defines the redemption/trust calendar and economics investors will track: trust starts at $10.00 per public share, deadline is 12 months from IPO close with two $0.10-per-share extension installments available to the sponsor, liquidation triggers redemption of 100% of public shares within 10 business days after the completion window lapses (net of taxes and up to $100,000 of interest for dissolution expenses). Sponsor conduct flags are present: founder shares acquired at roughly 1/2000th of the public price creating an estimated post-deal implied value of $6.69 per public share (a ~33.1% dilution, per NSAI's own table), $10,000/month administrative fees to a sponsor affiliate, up to $500,000 of sponsor loans repayable at IPO close, and convertible working capital loans at $10.00/unit. Financial position is thin: $24,446 cash, $47,194 working capital deficit as of June 30, 2026, with the auditor raising substantial going-concern doubt.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
At-risk capital: $2.5M — 231,750 private placement units, bought at the IPO and worthless if the company liquidates. This is what the sponsor itself loses if no deal closes. per the prospectus (S-1 0001213900-26-080207)
NorthStrive Sponsor I LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1283 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
Deal team — named in the prospectus
- D. Boral Capital LLCLead-left
Read from this SPAC’s own prospectus; the arrow opens the filing. Firms link to their full mandate record.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B4 0001213900-26-091457
as of 10 September 2026
Trading & liquidity
Company profile
Directors & officers
- Parry JeffreyDirector
- KEPLER GUSTDirector
- Tamer Michel SChief Executive Officer
- Kovalyov GeorgeDirector
- Dawson James StuartChief Financial Officer
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
36 full SEC filing texts archived — searchable, never lost.
- Vault note — NSAI (NorthStrive Acquisition Corp I.)
vault-note · /vault/tickers/NSAI
- NorthStrive® | Management and Investment Firm | CEO Braeden Lichti
company-site · northstrive.com
- NorthStrive® | Management and Investment Firm | CEO Braeden Lichti
company-site · northstrive.com
- NorthStrive® | Management and Investment Firm | CEO Braeden Lichti
company-site · northstrive.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail4 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
registered from 424B4 — pre-listing, ticker TBD, VERIFY it is a SPAC
CIK2133719 → NSAI from SEC submissions
trustPerShare = initial trust per unit as priced (424B4 0001213900-26-091457) — no 10-Q trust reading on file yet
NorthStrive Sponsor I LLC — read from S-1 0001213900-26-080207: "Our sponsor, NorthStrive Sponsor I LLC, a Delaware limited liability company, has committed to purchasing from us an aggregate of 231,750 units (or up to 246,750 units if the Representative’s over -allotment option is ex"