Northern Lights Acquisition Corp.
NLIT
NASDAQ Capital Market10.31
USD
+0.21
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Northern Lights Acquisition Corp.
NLIT
(NASDAQ Capital Market)
Recent
price
10.31
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Northern Lights Acquisition Corp. Northern Lights Acquisition Corp. is a blank check company, or special purpose acquisition 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, with a focus on North American targets in the financial services, healthcare, and technology sectors; it does not have significant operations of its own. The company offers redeemable units comprising one share of Class A common stock and one-half of one redeemable warrant entitling the holder to purchase one share of Class A common stock at $11.50 per share, as well as public shares and warrants traded separately. Incorporated in the Cayman Islands in 2021 and headquartered in New York, it initially pursued operations across the United States and Canada following its initial public offering priced at $10.00 per unit in June 2021. In October 2022, Northern Lights Acquisition Corp. completes its previously announced business combination with SHF Holdings, Inc. SHF Holdings, Inc., formerly known as SHF, LLC d/b/a Safe Harbor Financial, a provider of compliance services, banking solutions, and financing to financial institutions serving the regulated cannabis industry across 20 states; the transaction, originally announced in 2021 and valued at approximately $327 million enterprise value, involves a $185 million acquisition from a subsidiary of Partner Colorado Credit Union with $70 million in cash and $115 million in shares, supplemented by a $60 million PIPE and redemption backstop arrangements, leading to the combined entity's listing under new tickers SHFS and SHFSW on Nasdaq. No material developments or changes are reported since the 2022 de-SPAC merger.
Why Is Northern Lights (NLIT) Stock Up 175% Today?
Northern Lights Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Over-Allotment Option