Northern lights acquisition corp. announces amendment of unit purchase agreement to extend outside date

New york , june 30, 2022 /prnewswire/ -- northern lights acquisition corp. (the "company") (nasdaq: nlit), a special purpose acquisition company, announced that it has amended that certain unit purchase agreement (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 (the "target"), shf holding co., llc, a colorado limited liability company and the sole member of the target (the "seller"), and partner colorado credit union, a colorado corporation and the sole member of the seller, to extend the date by which the transactions contemplated thereby (the "business combination") had to be consummated from june 30, 2022 (the "outside date") until july 29, 2022, with the ability for the deadline to be extended through august 31, 2022. the extension of the outside date will provide the company with additional time to complete the business combination as it awaits regulatory approval.
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