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.
ChampionsGate Acquisition Corporation (NASDAQ:CHPGU) has filed for a $200 million SPAC and is underwriter Clear Street’s fifth SPAC to file so far this year. This puts Clear Street above recent SPAC mainstays like EF Hutton, Maxim Group and Alliance Global partners and it appears to have carved out a portion of the market for itself,...
At the SPAC of Dawn Tuesday brings a big day of US retail sales readings, which generally get outsized attention in the thick of the holiday season. A pair of US retail sales indicators are set to report at 8:30 am ET, while industrial production figures and capacity utilization are set for a 9:15 am...
Jackson Acquisition Company II (NYSE:JACS.U) announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “JACS.U”, Tuesday, December 10 2024. The new SPAC intends to search for a healthcare target that can benefit from its team’s relationships within the healthcare services space nationally....
SPAC deal flow has hit a slump in the second half of 2024 as the SPAC ecosystem transitions from one generation of SPACs to another. This year started with 128 SPACs still searching for a target and 102 SPACs are still in that state today. So, one might expect a more vigorous pace of announced...
At the SPAC of Dawn The second week of December kicks off with plenty of business on the schedule. Eight SPACs are holding votes of some kind while both Swiftmerge (NASDAQ:IVCP) and Mars (NASDAQ:MARX) ask their shareholders for approval of their deals. Swiftmerge has been working to take natural gas producer AleAnna public since June...