Northern Lights Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants

Rhea-AI Summary

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.

Positive

• Units from the IPO are now eligible for separate trading, enhancing liquidity.
• The transition allows investors to trade Class A common stock and warrants under different symbols, increasing market accessibility.

Negative

• None.

Denver, CO, Aug. 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Northern Lights Acquisition Corp. (Nasdaq: NLITU) ("Northern Lights" or the "Company"), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, today announced that holders of the units sold in the Company’s initial public offering of 11,500,000 units completed on June 28, 2021, may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about August 18, 2021. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants. Those units not separated will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “NLITU,” and the Class A common stock and warrants that are separated will trade on Nasdaq under the symbols “NLIT” and “NLITW,” respectively.

The securities described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-256701) that was originally filed with the Securities and Exchange Commission (“SEC”) on June 2, 2021 and declared effective on June 23, 2021. The offering was made only by means of a prospectus, copies of which may be obtained from: EF Hutton, division of Benchmark Investments, LLC, 590 Madison Ave, 39^th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002, or by visiting EDGAR on the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering and search for an initial business combination. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact

John Darwin

info@luminouscap.ca

(510) 323-2526

FAQ

What changes were announced for Northern Lights Acquisition Corp. stock on August 18, 2021?

Holders can now separately trade the shares of Class A common stock and warrants from the units sold in the IPO.

What are the trading symbols for the Class A common stock and warrants?

The Class A common stock will trade under the symbol NLIT, and the warrants will trade under NLITW.

What was the purpose of the units sold by Northern Lights Acquisition Corp. in the IPO?

The units were sold for the purpose of facilitating a business combination with one or more businesses.

When was the initial public offering of Northern Lights Acquisition Corp. completed?

The IPO was completed on June 28, 2021.

What does the registration statement for the offering signify?

It signifies that the securities were registered with the SEC, allowing for compliance with applicable securities laws.