Northern Lights Acquisition Corp. (NLITU) Prices $100M IPO


Northern Lights Acquisition Corp. (NLITU) Prices $100M IPO

Jun 23, 2021 IPOs by Marlena Haddad

Northern Lights Acquisition Corp. announced the pricing of its $100M IPO and its units are expected to begin trading on the Nasdaq under the symbol “NLITU” Thursday, June 24.

The new SPAC aims to combine with a cannabis target that has an enterprise value ranging from $200 million to $500 million. Northern Lights is led by Co-CEOs John Darwin and Joshua Mann, and CFO Chris Fameree.

Total SPAC deal count for 2021 year-to-date is now 349. This offering is expected to close on Monday, June 28.

EF Hutton, division of Benchmark Investments, LLC, is acting as the sole bookrunner for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.