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Cannabis SPAC Northern Lights Acquisition seeks to raise $100M in IPO

Northern Lights Acquisition Corp., a special purpose acquisition company (SPAC) with an eye on the cannabis industry, is trying to raise $100 million for acquisitions or other business combinations by going public, according to a registration statement and preliminary prospectus filed with the U.S. Securities and Exchange Commission.

The Denver-headquartered blank-check company was formed in Delaware in February.

Northern Lights intends to issue 10 million units at $10 per unit through the IPO, according to the prospectus.

Each unit includes one common share and half of a redeemable

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