Northern Lights Acquisition closed its IPO of 10 million units at $10 each. A 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 1.5 million units, which trade on the Nasdaq under NLITU.
The SPAC will concentrate on companies in the cannabis industry.
EF Hutton was sole bookrunner for the offering. Read more.
