Northern Lights Acquisition Corp. (NASDAQ: "NLIT")
("Northern Lights"), a special purpose acquisition
corporation and
SHF, LLC dba Safe Harbor Financial
("Safe Harbor" or the "Company"), a leading financial
services provider to the cannabis industry, have announced they
will be hosting a Virtual Investor Day webcast on May 25, 2022 at
11:00AM ET. The event will feature presentations from the executive
teams of Northern Lights and Safe Harbor. Registration is open for
the event, and can be found HERE.
Overview: Join the executive
teams of Northern Lights and Safe Harbor for a webcast presentation
on the Company’s market-leading financial services platform for the
legal U.S. cannabis marketplace. Safe Harbor was conceived in 2015
as a solution to a major problem that plagued the nascent legalized
cannabis industry in Colorado - access to reliable and compliant
financial services. In February 2022, Safe Harbor announced the
signing of a business combination agreement with Northern
Lights.
Since inception, Safe Harbor (including its
predecessor) has processed over $12 billion in cannabis related
funds into the financial system with the highest level of
monitoring and validation. Safe Harbor has successfully completed
16 state and federal exams, resulting in reliable access to
financial services. The Safe Harbor portfolio is composed of nearly
600 accounts, managed by Safe Harbor’s private services. As
legislative reform unfolds in the U.S., the Company is uniquely
positioned to continue as the trusted, leading standard for
cannabis financial services.
Registration and Format: The
Northern Lights and Safe Harbor executive teams will provide an
overview of the Company, which will include its strategic position
within the cannabis financial services industry as well as future
growth plans. To join the virtual event, please register
HERE.
Safe Harbor Financial Investor Day
Overview:
• Date: Wednesday,
May 25, 2022• Time: 11:00AM ET – 12:00PM
ET• Webcast Registration: HERE
- Executive Management
Participants:
- Sundie Seefried, Chief Executive
Officer
- Chris Fameree, Chief Financial
Officer
- Paul Penney, Chief Investment
Officer
- John Darwin, Co-CEO at Northern
Lights Acquisition Corp.
- Joshua Mann, Co-CEO at Northern
Lights Acquisition Corp.
Following the webcast, the presentation materials and an
archived replay will be available at
www.northernlightsacquisitioncorp.com. The presentation materials
will also be filed with the SEC and can be found on www.sec.gov
after the event.
About Safe HarborSafe Harbor is
one of the first financial services providers to offer reliable
access to banking solutions for cannabis, hemp, CBD, and ancillary
operators, making communities safer, driving growth in local
economies, and fostering long-term partnerships. Safe Harbor,
through its partners, serves the regulated cannabis industry and
implements the highest standard of accountability, transparency,
monitoring, reporting, and risk mitigation measures while meeting
BSA obligations in line with FinCEN guidance on CRBs. Over the past
seven years, Safe Harbor (including its predecessor) has processed
over $12 billion in transactions with operations spanning 20 states
with regulated cannabis markets. For more information, visit
www.shfinancial.org.
About Northern Lights Acquisition
Corp.Northern Lights is a blank check company formed for
the purpose of effecting a merger, amalgamation, share exchange,
asset acquisition, share purchase, reorganization, or similar
business combination with one or more businesses. For more
information, visit
www.northernlightsacquisitioncorp.com.
Cautionary Statement Regarding Forward
Looking StatementsCertain statements contained in this
press release constitute “forward-looking statements” within the
meaning of federal securities laws. Forward-looking statements may
include, but are not limited to, statements with respect to (i)
trends in the cannabis industry, including changes in U.S and state
laws, rules, regulations and guidance relating to Safe Harbor’s
services; (ii) Safe Harbor’s growth prospects and Safe Harbor’s
market size; (iii) Safe Harbor’s projected financial and
operational performance, including relative to its competitors;
(iv) new product and service offerings Safe Harbor may introduce in
the future; (v) the proposed business combination, including the
implied enterprise value, the expected post-closing ownership
structure and the likelihood and ability of the parties to
successfully consummate the potential transaction; (vi) the risk
that the proposed business combination may not be completed in a
timely manner or at all, whether as a result of recent volatility
in the capital markets or otherwise, which may adversely affect the
price of Northern Lights’ securities; (vii) the failure to satisfy
the conditions to the consummation of the proposed business
combination, including the approval of the proposed business
combination by the stockholders of Northern Lights; (viii) the
effect of the announcement or pendency of the proposed business
combination on Northern Lights’ or Safe Harbor’s business
relationships, performance, and business generally; (ix) the
outcome of any legal proceedings that may be instituted against
Northern Lights or Safe Harbor related to the definitive unit
purchase agreement or the proposed business combination; (x) the
ability to maintain the listing of Northern Lights’ securities on
the Nasdaq Capital Market; (xi) the price of Northern Lights’
securities, including volatility resulting from changes in the
competitive and highly regulated industry in which Safe Harbor
plans to operate, variations in performance across competitors,
changes in laws and regulations affecting Safe Harbor’s business
and changes in the combined capital structure; (xii) the ability to
implement business plans, forecasts, and other expectations after
the completion of the proposed business combination, and identify
and realize additional opportunities; and (xiii) other statements
regarding Safe Harbor’s and Northern Lights’ expectations, hopes,
beliefs, intentions or strategies regarding the future. In
addition, any statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements. The words “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,”
“possible,” “potential,” “predict,” “project,” “should,” “would,”
and similar expressions may identify forward-looking statements,
but the absence of these words does not mean that a statement is
not forward-looking. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject, are subject to risks and uncertainties. You should
carefully consider the risks and uncertainties described in the
“Risk Factors” section of Northern Lights’ registration statement
on Form S-1, the proxy statement relating to the proposed business
combination, which has been filed in preliminary form by Northern
Lights with the SEC, other documents filed by Northern Lights from
time to time with SEC, and any risk factors made available to you
in connection with Northern Lights, Safe Harbor, and the
transaction. These forward-looking statements involve a number of
risks and uncertainties (some of which are beyond the control of
Safe Harbor and Northern Lights), and other assumptions, that may
cause the actual results or performance to be materially different
from those expressed or implied by these forward-looking
statements.
Additional Information about the
Business Combination and Where to Find ItThe proposed
business combination involving Northern Lights and Safe Harbor will
be submitted to the stockholders of Northern Lights for their
consideration. Northern Lights has filed a preliminary proxy
statement on Schedule 14A (the “Preliminary Proxy Statement”) with
the SEC on April 15, 2022 to be distributed to the stockholders of
Northern Lights in connection with Northern Lights’ solicitation
for proxies for the vote by the stockholders of Northern Lights
connection with the proposed business combination and other matters
as described in the Preliminary Proxy Statement. After the
Preliminary Proxy Statement has been cleared for dissemination by
the SEC, Northern Lights will mail a definitive proxy statement
(the “Definitive Proxy Statement”) and other relevant documents to
its stockholders as of the record date established for voting on
the proposed business combination. Before making any voting
decision, the stockholders of Northern Lights and other interested
persons are advised to read, once available, the Preliminary Proxy
Statement and any amendments thereto and, once available, the
Definitive Proxy Statement, along with all other relevant documents
filed or that will be filed with the SEC in connection with the
proposed business combination and Northern Lights’ solicitation of
proxies for its special meeting of stockholders to be held to
approve, among other things, the proposed business combination,
because these documents will contain important information about
Northern Lights, Safe Harbor, and the proposed business
combination. Stockholders will be able to obtain free copies of the
Preliminary or Definitive Proxy Statement, once available, as well
as other documents filed with the SEC regarding the proposed
business combination and other documents filed with the SEC by
Northern Lights, without charge, at the SEC's website located at
www.sec.gov or by directing a request to Northern Lights
Acquisition Corporation, 10 East 53rd Street, Suite 3001, New York,
NY, 10022, or by telephone at (615) 554-0044.
No Offer or SolicitationThis
press release relates to a proposed business combination between
Northern Lights and Safe Harbor and does not constitute an offer to
sell or the solicitation of an offer to buy any securities, or a
solicitation of any vote or approval, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
Participants in the
SolicitationNorthern Lights and Safe Harbor, and certain
of their respective directors and executive officers, under the
rules of the SEC, may be deemed to be participants in the
solicitation of proxies from Northern Lights’ stockholders in favor
of the approval of the business combination. Information about the
directors and officers of Northern Lights and their ownership of
Northern Lights Class B common stock can also be found in Northern
Lights’ registration statement on Form S-1 filed with the SEC on
June 2, 2021 in connection with its initial public offering, its
Annual Report on Form 10-K for the year ended December 31, 2021
filed with the SEC on March 25, 2022, the Preliminary Proxy
Statement, and other documents subsequently filed by Northern
Lights with the SEC. Information about the directors and executive
officers of Safe Harbor, as well as information regarding the
interests of other persons who may be deemed participants in the
transaction, may be obtained by reading the Preliminary Proxy
Statement and the Definitive Proxy Statement regarding the business
combination when it becomes available. Additional information
regarding the interests of these participants will also be included
in the proxy statement pertaining to the business combination if
and when it becomes available. Free copies of this document may be
obtained as described above.
Safe Harbor Investor Relations
Contact:KCSA Strategic CommunicationsAdam
Holdsworthsafeharbor@kcsa.com
Safe Harbor Public Relations Contacts:KCSA
Strategic CommunicationsJoshua Greenwald / Anu
Khersafeharbor@kcsa.com
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