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Northern Lights Acquisition (NASDAQ:NLIT) Stock Price Down 3.1% - Here's What Happened

Written by MarketBeat
September 14, 2025
Northern Lights Acquisition logo with Finance background

Key Points

  • Northern Lights Acquisition Corp. (NASDAQ:NLIT) experienced a 3.1% drop in stock price, trading between $3.87 and $4.11, with a daily volume that decreased 65% from its average.
  • The company's stock performance includes a 50-day moving average price of $2.98 and a 200-day moving average of $2.49.
  • Northern Lights Acquisition is focused on engaging in a business combination within the cannabis industry, as it currently has no significant operations.
  • Five stocks we like better than Northern Lights Acquisition.

Shares of Northern Lights Acquisition Corp. (NASDAQ:NLIT - Get Free Report) dropped 3.1% on Thursday . The company traded as low as $3.87 and last traded at $4.11. Approximately 26,925 shares changed hands during trading, a decline of 65% from the average daily volume of 76,109 shares. The stock had previously closed at $4.24.

Northern Lights Acquisition Stock Performance

The stock has a 50-day moving average price of $2.98 and a two-hundred day moving average price of $2.49.

Northern Lights Acquisition Company Profile

(Get Free Report)

Northern Lights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in New York, New York.

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