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Northern Lights Acquisition Corp. Announces Additional Rescheduling Of Special Meeting To Approve Acquisition Of Safe Harbor Financial And Confirmation Of Funding To Extend Period To Consummate Initial Business Combination

Jun 28, 2022about 3 years ago

Acquiring Company

Northern Lights Acquisition

Acquired Company

Safe Harbor Financial

Health Care

Description

Northern Lights Acquisition Corp. (the "Company") (Nasdaq: NLIT), a special purpose acquisition company, announced that it has again rescheduled its special meeting of stockholders (the "Special Meeting") to Tuesday, June 28, 2022 at 4:00 pm ET.

Company Information

Company

Northern Lights Acquisition

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed