Northern lights acquisition corp. announces closing of initial public offering and exercise of over-allotment option

Denver, co, june 28, 2021 (globe newswire) -- via newmediawire -- northern lights acquisition corp. (nasdaq: nlitu) ("northern lights" or the "company"), a blank check 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, today announced the closing of its initial public offering (“the offering”) of 10,000,000 units at $10.00 per unit. each unit consists of one share of class a common stock and one-half of one redeemable warrant. the underwriters exercised their over-allotment option in full for an additional 1,500,000 units at the time of the closing of the offering. as a result, the aggregate gross proceeds of the offering, including the over-allotment, is approximately $115 million, prior to deducting underwriting discounts, commissions, and other offering expenses.
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