Northern Lights Acquisition Announces Appointment of Terrance Mendez as Co-Chief Executive Officer

On January 21, 2025, Northern Lights Acquisition (OTCMKTS:NLITU) revealed in an 8-K SEC Filing the appointment of Terrance Mendez as the Co-Chief Executive Officer (Co-CEO). Effective immediately, Terrance Mendez, aged 49, will share the position of Co-CEO with Sundie Seefried, who previously held the title of Chief Executive Officer within the company.

Mendez brings a wealth of experience to his new role at Northern Lights Acquisition, having served as the Chief Executive Officer of Amos Advisory Solutions since August 2016. He has held executive leadership positions in various cannabis and cannabis-related businesses, notably as the Chief Executive Officer of 42 Degrees and Devi Holdings, and also served as the Chief Executive Officer of Dalwhinnie Enterprises.

Prior to his current roles, Mr. Mendez was the Vice President of Finance and Chief Accounting Officer at Hitachi Vantara and held executive positions at Arrow Electronics Inc. and Broadridge Financial Solutions Inc. He has a background in public accounting with Arthur Andersen & Co. and Deloitte Touche LLC and is a Certified Public Accountant in multiple states.

The appointment of Mr. Mendez is part of the Company’s strategic positioning and growth plans. In conjunction with his appointment, a three-year executive employment agreement has been entered into, outlining his compensation package. This includes an annual base salary of $360,000, eligibility for an annual bonus, participation in the long-term incentive plan, and options to purchase 654,000 shares of the company’s Class A Common Stock, subject to certain performance metrics and continued employment.

Additionally, Mr. Mendez has agreed to a restrictive covenant agreement, including a non-compete and non-solicit clause post-termination, as well as a commitment against making disparaging remarks about the Company or its affiliates.

The full details of the Mendez Employment Agreement are available in the Exhibit 10.1 of the Form 8-K filing submitted by Northern Lights Acquisition. This move comes as part of Northern Lights Acquisition’s ongoing strategy to strengthen its leadership team and drive future growth in the industry.

This article is not an endorsement of any specific security and is for informational purposes only. Readers should consider seeking financial advice before making any investment decisions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Northern Lights Acquisition’s 8K filing here.

About Northern Lights Acquisition

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.