Canna-Global Acquisition in a proxy filing proposes a deadline extension to Dec. 2, 2024. This follows the collapse of a deal last month with Sydney-based fintech New Quantum, which terminated the merger agreement.
That deal had an estimated proforma enterprise value of $800 million.
Shareholders planning to cash out can expect a per-share redemption price of approximately $10.76.
The SPAC holds about $25.5 million currently in trust. Redemptions on an extension vote a year ago removed approximately $212 million (about 90%) from the trust. Read more.
