Northern Lights Acquisition Corp. Announces Date Of Special Meeting To Approve Acquisition Of Safe Harbor Financial
Jun 14, 2022•over 3 years ago
Acquiring Company
Northern Lights Acquisition
Acquired Company
Safe Harbor
Health Care
Description
Northern Lights Acquisition Corp. (NASDAQ: "NLIT") ("Northern Lights"), a special purpose acquisition corporation, announces that it will hold a special meeting of its stockholders (the "Special Meeting") on June 24, 2022 at 2pm ET to approve the business combination whereby NLIT will acquire SHF, LLC, d/b/a Safe Harbor Financial ("Safe Harbor") and other related matters.
M&A Insights
Based on deal dataIntegration 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