Northern Lights Acquisition Corp. (the “Company”) is a blank check company incorporated in the State of Delaware on February 26, 2021. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (“Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on a business in the cannabis industry.
Company profile
Ticker
SHFS, SHFSW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Northern Lights Acquisition Corp.
SEC CIK
Corporate docs
IRS number
862409612
SHFS stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
26 Jan 23
DEF 14A
Definitive proxy
10 Jan 23
PRE 14A
Preliminary proxy
23 Dec 22
8-K
Changes in Registrant's Certifying Accountant
23 Dec 22
EFFECT
Notice of effectiveness
12 Dec 22
424B4
Prospectus supplement with pricing info
9 Dec 22
CORRESP
Correspondence with SEC
7 Dec 22
D
$21.00 mm in equity, sold $8.40 mm, 40 investors
22 Nov 22
S-1/A
IPO registration (amended)
22 Nov 22
CORRESP
Correspondence with SEC
22 Nov 22
Latest ownership filings
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
25 Jan 23
3
JIM DENNEDY
3 Nov 22
SC 13G/A
BOOTHBAY FUND MANAGEMENT, LLC
18 Oct 22
SC 13G/A
ATW SPAC MANAGEMENT LLC
11 Oct 22
SC 13D
Partner Colorado Credit Union
7 Oct 22
4
Donald Emmi
7 Oct 22
4
Tyler Beuerlein
7 Oct 22
4
Sundie Seefried
7 Oct 22
3
Karl Racine
7 Oct 22
3
Donald Emmi
7 Oct 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 7.27 mm | 7.27 mm | 7.27 mm | 7.27 mm | 7.27 mm | 7.27 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 186.02 k | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 761.18 k | n/a | n/a |
| Cash remaining | n/a | n/a | n/a | 6.51 mm | n/a | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 35.0 | n/a | n/a |
Institutional ownership, Q3 2022
56.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 21 |
| Opened positions | 21 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 2.11 mm |
| Total shares | 13.25 mm |
| Total puts | 0.00 |
| Total calls | 262.14 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Colorado Credit Union Partner | 11.39 mm | $0.00 |
| Polar Asset Management Partners | 381.07 k | $47.00 k |
| EHP Funds | 248.20 k | $30.00 k |
| Boothbay Fund Management | 211.65 k | $1.48 mm |
| Atw Spac Management | 200.00 k | $25.00 k |
| Yakira Capital Management | 172.40 k | $21.00 k |
| CVI | 164.74 k | $21.00 k |
| CNH Partners | 93.26 k | $12.00 k |
| Rivernorth Capital Management | 87.50 k | $11.00 k |
| Radcliffe Capital Management | 62.50 k | $437.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 Oct 22 | Sundie Seefried | Incentive Stock Options Class A Common Stock | Grant | Acquire A | No | No | 6.67 | 550,000 | 3.67 mm | 550,000 |
| 4 Oct 22 | Tyler Beuerlein | Incentive Stock Options Class A Common Stock | Grant | Acquire A | No | No | 6.67 | 350,000 | 2.33 mm | 350,000 |
| 4 Oct 22 | Donald Emmi | Incentive Stock Options Class A Common Stock | Grant | Acquire A | No | No | 6.67 | 350,000 | 2.33 mm | 350,000 |
| 28 Sep 22 | Chris Fameree | Class A common stock | Conversion | Acquire C | No | No | 0 | 10,000 | 0.00 | 10,000 |
| 28 Sep 22 | Chris Fameree | Class B common stock Class A common stock | Conversion | Dispose C | No | No | 0 | 10,000 | 0.00 | 10,000 |
News
5 Cheapest Financial Stocks You Should Think About
9 Jan 23
Why Harpoon Therapeutics Shares Are Trading Higher By 97%? Here Are 53 Stocks Moving In Monday's Mid-Day Session
12 Dec 22
Why Ambrx Biopharma Shares Are Trading Higher By Over 550%? Here Are 52 Stocks Moving In Friday's Mid-Day Session
9 Dec 22
PaxMedica, SurgePays, Opal Fuels And More Short Squeeze Candidates That Could Soar This Week
5 Dec 22
Getty Images, MoonLake And 3 Other Short Squeeze Candidates That May Soar This Week
28 Nov 22