Northern lights acquisition corp. announces second amendment of unit purchase agreement

Amendment further reduces initial cash payment to the seller and business combination is expected to close by september 28, 2022 upon regulatory approval new york , sept. 23, 2022 /prnewswire/ -- northern lights acquisition corp. (the "company") (nasdaq: nlit), a special purpose acquisition company, announced that it has entered into a second amendment to its unit purchase agreement (as amended, the "unit purchase agreement"), dated february 11, 2022, by and among the company, 5ak, llc, the company's sponsor, shf, llc d/b/a safe harbor financial, a colorado limited liability company ("safe harbor"), shf holding co., llc, a colorado limited liability company and the sole member of safe harbor (the "seller"), and partner colorado credit union, a colorado corporation and the sole member of the seller, to provide for the deferral of a total of $50 million (the "deferred cash consideration") of the $70 million due to the seller at the closing of the business combination.
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