Canna-Global Acquisition Files for $200M IPO

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.

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