Canna-Global Acquisition Corp. (CNGLU) Prices $200M IPO
by Marlena Haddad on 2021-11-29 at 6:16pm

Canna-Global Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CNGLU” Tuesday, November 30.

The new SPAC intends to focus its search on target business addressing a large market opportunity with a company that is driving its growth in the medicinal cannabis or cannabinoid industry, which is compliant with all applicable laws and regulations within the jurisdictions in which it is located or operates. Canna-Global is led by CEO J. Gerald Combs, CFO George Yap, Chairperson of the Board’s Compensation Committee and Member of the Board’s Audit Committee Thavaraj Subramaniam, Chairperson of the Board’s Governance and Nomination Committee Dr. Wian Stander, Chairperson of the Board’s Audit Committee and Member of the Board’s Compensation Committee Peng Kong, and Member of the Board’s Governance and Nomination Committee and Compensation Committee Kah Yong Tham.

Total SPAC deal count for 2021 year-to-date is now 560. This offering is expected to close on Thursday, December 2.


EF Hutton, a division of Benchmark Investments, LLC, is acting as the sole book-running manager for the offering. Rimon P.C. is serving as Issuer’s Counsel with Schiff Hardin LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Nicholas Alan Clayton on 2024-02-20 at 2:58pm

SDCL EDGE (NYSE:SEDA) has entered into a definitive agreement to combine with copper alloy manufacturer cunova at an enterprise value of $736 million, or 9.4x its 2023E adjusted EBITDA. Osnabrück, Germany-based cunova manufactures copper casts, fittings and conductivity products for the industrial, defense and aerospace sectors. The combined company is expected to trade on the...

by Nicholas Alan Clayton on 2024-02-20 at 1:31pm

Deals and Funding Power & Digital (NASDAQ:XPDB) has secured a $10 million investment from Rice Investment Group into its combination with HVAC technology firm Montana under undisclosed terms. two (NYSE:TWOA) has secured a $15 million PIPE at $10 per share for its combination with LatAm Logistic Properties. News and Rumors PR: Adtech firm Banzai International...

by Nicholas Alan Clayton on 2024-02-20 at 10:29am

Acri Capital (NASDAQ:ACAC) has entered into a definitive agreement to combine with electronics manufacturer Foxx for $50 million in share compensation. Texas-based Foxx provides communication terminals and IoT services to the telecom sector as well as consumer electronics for retail buyers. The combined company is expected to trade on the Nasdaq once the deal is...

by Nicholas Alan Clayton on 2024-02-20 at 7:39am

At the SPAC of Dawn SPAC filings have had a relatively slow start out of the gate from the long weekend, but this week should end with some fireworks with six completion votes yet to come and a lunar landing to boot. Three of these votes have been postponed at least once already, so the...

by Kristi Marvin on 2024-02-17 at 11:45am

Terms Tracker for the Week Ending February 16, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Filings were on the quieter side ahead of the three-day weekend, with the following week also usually heavily booked with spring break vacations. As a...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved