Northern lights acquisition corp. and safe harbor financial announce redemption backstop of up to $50m in connection with spac business combination

New york and arvada, colo. , june 17, 2022 /prnewswire/ -- northern lights acquisition corp. (nasdaq: "nlit") ("northern lights") a special purpose acquisition corporation, and shf, llc d/b/a/ safe harbor financial ("safe harbor"), a leading financial services provider to the cannabis industry, are announcing that they have entered into a redemption backstop arrangement in the form of an otc equity prepaid forward transaction agreement for up to $50 million with midtown east management nl llc ("midtown east").
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