Canna-Global Acquisition in an 8-K filing said it would increase the amounbt of its per-share deposit into trust if stockholders approve a deadline extnsion at tomorrow’s meeting.
As originally proposed, the extension amendment provided for a deposit of an additional 3.33 cents per unit for each month — up to 12 one-month extensions until Dec. 2, 2023.
As revised, the amount would be increased “by an additional (4.5 cents) per unit for each month extended.”
Negotiations for a definitive agreement with a potential target are underway, the SPAC’s management has said.
The SPAC has said it is focused on target businesses addressing a large market opportunity with a company that is driving its growth in the medicinal cannabis or cannabinoid industry. Read more.
