SPAC Northern Lights & Safe Harbor Sign Redemption Backstop Arrangement Of Up To $50M

Northern Lights Acquisition Corp. (NASDAQ: NLIT) a special purpose acquisition corporation, and SHF, LLC d/b/a/ Safe Harbor Financial, a leading financial services provider to the industry, have entered into a redemption backstop arrangement in the form of an OTC equity prepaid forward transaction agreement for up to $50 million with Midtown East Management NL LLC. Midtown East has agreed to not redeem any public …

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