Nelson Mullins, Loeb Steer Cannabis-Focused SPAC's Filing
By Sarah Jarvis (June 2, 2021, 6:59 PM EDT) -- Northern Lights Acquisition Corp., a blank-check company targeting the cannabis industry, filed a registration statement with the U.S. Securities and Exchange Commission on Wednesday to raise up to $100 million, with guidance from Nelson Mullins Riley & Scarborough LLP and Loeb & Loeb LLP.
The Denver-based company said in its registration statement that it plans to offer 10 million units at $10 each, with the units consisting of one share of common stock and one-half of a warrant, exercisable at $11.50 per share. The special purpose acquisition company, or SPAC, would command a market value of $130 million at the proposed...
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