NEW YORK, June 30, 2022 /PRNewswire/ — Northern Lights Acquisition Corp. (the “Company”) (Nasdaq: NLIT), a specific intent acquisition enterprise, introduced that it has amended that selected device buy settlement (the “Unit Purchase Arrangement”), dated February 11, 2022, by and between the Enterprise, 5AK, LLC, the Company’s sponsor, SHF, LLC d/b/a Protected Harbor Fiscal, a Colorado limited liability company (the “Target”), SHF Keeping Co., LLC, a Colorado confined legal responsibility business and the sole member of the Target (the “Seller”), and Associate Colorado Credit rating Union, a Colorado company and the sole member of the Seller, to extend the day by which the transactions contemplated thus (the “Small business Combination”) had to be consummated from June 30, 2022 (the “Outdoors Date”) until finally July 29, 2022, with the potential for the deadline to be prolonged by August 31, 2022. The extension of the Outside the house Date will deliver the Firm with extra time to complete the Organization Mix as it awaits regulatory acceptance.
The Business Mixture was permitted by the Firm’s stockholders at the exclusive meeting of stockholders held on June 28, 2022. Stockholders who previously submitted redemption requests in connection with the closing of the Business enterprise Blend could request that this sort of redemption requests be reversed by speaking to the Firm’s transfer agent, Continental Inventory Transfer & Believe in Corporation. To the extent there are any materials adjustments to the Company Mixture as accredited by the Company’s stockholders, the Corporation will resolicit proxies.
About Northern Lights Acquisition Corp.
Northern Lights is a blank check out business fashioned for the intent of effecting a merger, amalgamation, share exchange, asset acquisition, share buy, reorganization, or similar business enterprise blend with 1 or more organizations. For additional information, take a look at https://northernlightsacquisitioncorp.com/residence/default.aspx.
About Harmless Harbor
Risk-free Harbor is just one of the 1st support suppliers to offer reliable obtain to banking answers for hashish, hemp, CBD, and ancillary operators, earning communities safer, driving expansion in community economies, and fostering extensive-expression partnerships. Protected Harbor, through its partners, serves the regulated hashish sector and implements the optimum regular of accountability, transparency, checking, reporting, and risk mitigation steps while conference BSA obligations in line with FinCEN direction on CRBs. In excess of the past 7 decades, Harmless Harbor (including its predecessor) has assisted with the placement of in excess of $12 billion in deposit transactions for clients with functions spanning 20 states with controlled hashish markets. For a lot more details, stop by www.shfinancial.org.
Cautionary Assertion Relating to Ahead-Wanting Statements
Certain statements contained in this press release constitute “ahead-seeking statements” in the indicating of federal securities legal guidelines. Ahead-looking statements may contain, but are not confined to, statements with regard to (i) trends in the cannabis industry, together with changes in U.S and point out rules, guidelines, restrictions and assistance relating to Safe Harbor’s providers (ii) Protected Harbor’s progress prospects and Safe and sound Harbor’s market place size (iii) Safe and sound Harbor’s projected fiscal and operational functionality, including relative to its opponents (iv) new product or service and support choices Harmless Harbor may perhaps introduce in the long term (v) the proposed company mixture, which includes the implied organization price, the envisioned submit-closing ownership composition and the chance and capacity of the functions to effectively consummate the probable transaction (vi) the danger that the proposed business enterprise mix could not be accomplished in a timely way or at all, irrespective of whether as a result of new volatility in the funds markets or or else, which may well adversely impact the price of Northern Lights’ securities (vii) the failure to satisfy the circumstances to the consummation of the proposed business enterprise combination, such as the approval of the proposed organization blend by the stockholders of Northern Lights (viii) the result of the announcement or pendency of the proposed business enterprise mixture on Northern Lights’ or Safe and sound Harbor’s business associations, performance, and enterprise frequently (ix) the consequence of any legal proceedings that could be instituted from Northern Lights or Harmless Harbor connected to the definitive unit purchase settlement or the proposed company combination (x) the means to maintain the listing of Northern Lights’ securities on the Nasdaq Capital Sector (xi) the value of Northern Lights’ securities, together with volatility resulting from improvements in the competitive and highly regulated business in which Safe and sound Harbor programs to operate, versions in functionality throughout competitors, improvements in regulations and regulations affecting Protected Harbor’s small business and adjustments in the combined capital structure (xii) the capacity to put into action business enterprise programs, forecasts, and other expectations following the completion of the proposed enterprise blend, and discover and realize more chances and (xiii) other statements with regards to Protected Harbor’s and Northern Lights’ anticipations, hopes, beliefs, intentions or tactics regarding the long term. In addition, any statements that refer to projections, forecasts or other characterizations of upcoming activities or instances, together with any underlying assumptions, are ahead-hunting statements. The terms “anticipate,” “feel,” “carry on,” “could,” “estimate,” “count on,” “intends,” “outlook,” “might,” “might,” “program,” “feasible,” “likely,” “forecast,” “undertaking,” “ought to,” “would,” and identical expressions may well detect forward-looking statements, but the absence of these phrases does not suggest that a assertion is not forward-looking. Ahead-wanting statements are predictions, projections and other statements about long run occasions that are centered on present expectations and assumptions and, as a final result, are subject matter, are subject matter to dangers and uncertainties. You should really very carefully contemplate the risks and uncertainties explained in the “Danger Aspects” part of Northern Lights’ registration statement on Type S-1, the proxy statement relating to the proposed business enterprise blend, which has been filed in preliminary type by Northern Lights with the SEC, other paperwork submitted by Northern Lights from time to time with SEC, and any hazard components built available to you in link with Northern Lights, Safe and sound Harbor, and the transaction. These ahead-looking statements contain a amount of risks and uncertainties (some of which are over and above the management of Risk-free Harbor and Northern Lights), and other assumptions, that might induce the real effects or overall performance to be materially different from those expressed or implied by these forward-wanting statements.
Further Information about the Business Combination and The place to Obtain It
The proposed organization combination involving Northern Lights and Risk-free Harbor was submitted to the stockholders of Northern Lights for their thought. Northern Lights filed a definitive proxy statement on Agenda 14A (the “Proxy Assertion”) with the SEC on June 10, 2022, which was distributed to the stockholders of Northern Lights in relationship with Northern Lights’ solicitation for proxies for the vote by the stockholders of Northern Lights connection with the proposed business mix and other issues as described in the Proxy Statement. Right before earning any voting decision, the stockholders of Northern Lights and other interested people ended up suggested to study the Proxy Assertion, alongside with all other related documents filed with the SEC in relationship with the proposed organization mix and Northern Lights’ solicitation of proxies for its exclusive conference of stockholders to be held to approve, among the other factors, the proposed enterprise combination, simply because these files contained crucial details about Northern Lights, Protected Harbor, and the proposed business enterprise mix. The stockholders accepted the Enterprise Mixture on June 28, 2022. Stockholders could acquire no cost copies of the Proxy Assertion, as very well as other files filed with the SEC concerning the proposed small business mix and other files submitted with the SEC by Northern Lights, devoid of cost, at the SEC’s website located at www.sec.gov or by directing a request to Northern Lights Acquisition Company, 10 East 53rd Avenue, Suite 3001, New York, NY, 10022, or by telephone at (615) 554-0044.
No Provide or Solicitation
This push release relates to a proposed small business blend among Northern Lights and Safe Harbor and does not constitute an offer to promote or the solicitation of an present to acquire any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which these types of provide, solicitation or sale would be unlawful prior to registration or qualification underneath the securities legislation of any these kinds of jurisdiction.
Contributors in the Solicitation
Northern Lights and Harmless Harbor, and certain of their respective directors and government officers, under the policies of the SEC, may perhaps be considered to be members in the solicitation of proxies from Northern Lights’ stockholders in favor of the approval of the small business combination. Details about the directors and officers of Northern Lights and their ownership of Northern Lights Course B prevalent stock can also be uncovered in Northern Lights’ registration assertion on Kind S-1 submitted with the SEC on June 2, 2021 in relationship with its initial community providing, its Once-a-year Report on Form 10-K for the yr finished December 31, 2021 submitted with the SEC on March 25, 2022, the Proxy Statement, and other paperwork subsequently filed by Northern Lights with the SEC. Data about the directors and executive officers of Protected Harbor, as well as details pertaining to the passions of other persons who may perhaps be deemed participants in the transaction, might be obtained by looking at the Proxy Assertion relating to the enterprise mixture. Cost-free copies of this doc could be received as described previously mentioned.
Supply Protected Harbor Economic Northern Lights Acquisition Corp.