Northern Lights Acquisition and Safe Harbor Financial announced plans to host a Virtual Investor Day webcast on May 25 at 11 a.m. ET. The event will feature presentations from the executive teams of Northern Lights and Safe Harbor. Registration is open and can be found here.
Announced in February, the SPAC plans to acquire Safe Harbor for $185 million, of which $70 million will be paid in cash and $115 million in shares of Northern Lights Class A common stock. The deal values the combined company at $327 million.
Established in 2015 by PCCU, Safe Harbor was formed to provide compliant access to banking and financial services for the U.S. cannabis industry. Read more.
