Tag: SPAC

Avatar photoDebra BorchardtAugust 15, 2023
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BusinessPsychedelics

Filament Health Revises First Quarter Results, Moves Forward With Jupiter SPAC

4min00
Filament Health Corp. (OTCQB: FLHLF) (NEO: FH) released its second-quarter financial results for the period ending June 30, 2023, for the second time. The original first quarter results were filed on May 12, 2023, but this version was revised and refiled. Filament said that there were changes in the accounting treatment for the acquisition of […]
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Avatar photoDebra BorchardtSeptember 29, 2022
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BankingBusiness

Safe Harbor SPAC Is Completed

4min00
Safe Harbor Financial, technically known as SHF Holdings, Inc. (Nasdaq: SHFS) has completed its special purpose acquisition corporation (SPAC) deal with Northern Lights Acquisition Corp. (Nasdaq: NLIT). Northern Lights is now officially known as SHF Holdings and the stock will continue to trade on the Nasdaq marketplace. SHFS Shares began trading at $9, down 12% […]
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Avatar photoAdam JacksonAugust 22, 2022
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Business

Greenrose Losses Rise Amid Crowded Supply Side

4min00
The Greenrose Holding Company Inc. (OTC: GNRS, GNRSW) posted increasing losses for the consecutive quarter as its cultivators navigate demand headwinds. The multi-state cannabis SPAC (special purpose acquisition company) reported its second-quarter financials ending June 30, 2022. While Greenrose reported approximately $9.2 million in rising revenue during the period, the company’s second-quarter net losses totaled […]
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Avatar photoStaffJuly 25, 2022
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BusinessFinancial

Cannabis SPAC Closes, Gives Back Money

3min00
Former Cresco Labs co-founder Joseph Caltabiano (OTC: CRLBF) has decided to close his SPAC (special purpose acquisition corp.) Choice Consolidation Corp. (NEO: CDXX.UN.U) (OTCQX: CDXXF) and return the investor’s money. It had raised $172.5 million. The SPAC’s original plan was to target strategically important limited license states, and the company was looking to acquire single-state […]
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Avatar photoStaffJune 28, 2022
shutterstock_1922369132.jpg
BusinessFinancial

Safe Harbor Financial SPAC Postponed Again

6min01
The Northern Lights Acquisition Corp. (NASDAQ: NLIT), a special purpose acquisition corporation, has rescheduled its special meeting of stockholders once again to Tuesday, June 28, 2022 at 4:00 pm ET. The vote was originally planned for June 24 in order to approve Safe Harbor Financial as the qualifying transaction for the SPAC. In addition to moving […]
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Avatar photoDebra BorchardtMay 3, 2022
IPO.jpg
Business

Springbig Cuts Valuation Dramatically Ahead of IPO

4min02
Cannabis marketing firm Springbig is dramatically reducing its valuation in its IPO deal with SPAC company Tuatara Capital Acquisition Corp. (NASDAQ: TCAC)to $275 million from the previously announced valuation of $500 million. In November, Tuatara Capital Acquisition Corp. said it reached a deal with Springbig to merge with an estimated equity value of $500 million […]
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