Northern Lights Acquisition Corporation Announces Award
Denver, CO, June 23, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Northern Lights Acquisition Corporation (the “Company”) announced today that it has priced its initial public offering of 10,000,000 units at $ 10.00 per unit. The Units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Thursday, June 24, 2021, under the ticker symbol “NLITU”. Each unit consists of one Class A common share of the Company and one redeemable half warrant. Each whole warrant entitles its holder to purchase one Class A common share at a price of $ 11.50 per share. Only whole warrants may be exercised and will be traded. Once the securities comprising the units begin to trade separately, the Class A common shares and the warrants are expected to be listed on the Nasdaq under the symbols “NLIT” and “NLITW” respectively.
The Company is a newly incorporated blank check company incorporated for the purpose of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with a or several companies. The Company has not selected any specific business combination target and has not, or anyone on its behalf, entered into substantive discussions, directly or indirectly, with a business combination target. While the Company may pursue an initial goal of business combination in any business, industry or geographic location, the Company intends to focus its research on companies in the cannabis industry that comply with all the laws and regulations applicable in the jurisdictions in which they are located. or operate and, in particular, the Company will not invest in, or carry out a business combination with, a target business that the Company determines has been operated, or whose business plan is to operate, in violation of US federal laws, including the Controlled Substances Act. The company is led by Co-CEO John Darwin and Co-CEO Joshua Mann.
EF Hutton, a division of Benchmark Investments, LLC, is acting as sole bookrunner for the offering. The Company has granted the underwriter a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price to cover over-allotments, if any. Nelson Mullins Riley & Scarborough LLP acted as legal counsel to the Company and Loeb & Loeb LLP acted as legal counsel to EF Hutton.
The offer is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from EF Hutton, a division of Benchmark Investments LLC, Attn: Syndicate Department, 590 Madison Ave, 39e Floor, New York, New York 10022, by phone at (212) 404-7002, by fax at (646) 861-4697 or by email at email@example.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and declared effective by them on June 23, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under securities laws of such state or jurisdiction.
This press release contains statements that constitute “forward-looking statements”, in particular with respect to the initial public offering. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Company. DRY. Copies are available on the SEC’s website, www.sec.gov. The Company does not undertake to update these statements for revisions or changes after the date of this posting, except as required by law.