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Northern Lights Acquisition Corp. (Nasdaq: NLITU) announced that from August 18, 2021, holders of the 11,500,000 units from its June 28, 2021 IPO can separately trade Class A common stock and warrants. The Class A common stock and warrants will trade under the symbols NLIT and NLITW, respectively. The offering was registered under Form S-1 with the SEC, effective June 23, 2021. This press release does not constitute an offer to sell or buy securities, and forward-looking statements are included, subject to risks that may affect actual results.
Northern Lights Acquisition Corp. (Nasdaq: NLITU) announced the successful closing of its initial public offering (IPO) on June 28, 2021, raising approximately $115 million. The offering consisted of 10 million units priced at $10 each, with the underwriters exercising their over-allotment option for an additional 1.5 million units. The company's units began trading on June 24, 2021. Northern Lights plans to utilize the funds raised to acquire a compliant business in the cannabis industry, indicating a strategic focus in a growing market.
Northern Lights Acquisition Corporation has priced its initial public offering (IPO) at $10.00 per unit, offering a total of 10,000,000 units set to trade on Nasdaq under the symbol NLITU. Each unit comprises one share of Class A common stock and one-half of one redeemable warrant, with whole warrants priced at $11.50 per share. The company aims to focus on business combinations primarily within the compliant cannabis industry. EF Hutton acts as the bookrunner, with an option for an additional 1,500,000 units. SEC registration was completed on June 23, 2021.
