Brief: Northern Lights Acquisition Announces Business Combination Agreement With Safe Harbor Financial

SHF Holdings

14/02/2022 13:00

Feb 14 (Reuters) - Northern Lights Acquisition Corp
 NLIT.O :
    * NORTHERN LIGHTS ACQUISITION CORP. ANNOUNCES ENTERING INTO
A
BUSINESS COMBINATION AGREEMENT WITH SAFE HARBOR FINANCIAL, THE
LEADING PROVIDER OF FINANCIAL SERVICES AND ACCESS TO BANKING
SOLUTIONS FOR THE U.S. CANNABIS INDUSTRY
    * NORTHERN LIGHTS ACQUISITION CORP - ESTIMATED
POST-TRANSACTION
EQUITY VALUE OF POST-CLOSING COMPANY WILL BE $327 MILLION
    * NORTHERN LIGHTS ACQUISITION CORP  - FULLY COMMITTED $60
MILLION
PIPE FROM LEADING INSTITUTIONAL INVESTORS FOR DEAL
    * NORTHERN LIGHTS ACQUISITION CORP- NORTHERN LIGHTS AND SAFE
HARBOR WILL BE LED BY SUNDIE SEEFRIED, FOUNDER AND CHIEF
EXECUTIVE OFFICER OF SAFE HARBOR
    * NORTHERN LIGHTS ACQUISITION CORP- TRANSACTION WILL PROVIDE
UP TO
$107 MILLION OF GROSS PROCEEDS

Source text for Eikon:  ID:nPn5VH4p4a 
Further company coverage:  NLIT.O 

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