Canna-Global Acquisition, a new SPAc focused on the cannabis industry, registered to offer 20 million units at $10 each. A unit consists of one share of stock and one-half of one warrant, with whole warrants redeemable at $11.50 for a share.
The SPAC is led by CEO and Director Antony Gorton, who has spearheaded Stealth Consulting Management, a boutique business advisory and business development firm, since 2013. He previously served as a managing director of business development for Macias Gini & O’Connell.
EF Hutton is sole book-running manager. The underwriters have an option to purchase up to 3 million additional units to cover any over-allotments.
Canna-Global intends to apply for a listing on the Nasdaq under CANN.U. Read more.