US Financial Services News

SPAC Northern Lights to defer $50M due to Safe Harbor

SPAC Northern Lights to defer $50M due to Safe Harbor
  • SPAC Northern Lights Acquisition ( NASDAQ: NLIT ) said Friday it will defer $50M of the $70M due to Safe Harbor at the closing of their merger .
  • The increased deferral will provide NLIT with additional cash to support post-closing activities.
  • The merger is now expected to close by Sept. 28.

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SPAC Northern Lights to defer $50M due to Safe Harbor

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