MARINA DEL REY, CA / ACCESSWIRE / December 2, 2021 / Canna-Global Acquisition Corp (the "Company") (NASDAQ:CNGLU) announced today the closing of its initial public offering of 20,000,000 units at $10.00 per unit (the "Offering"). Each unit consists of one share of the Company's Class A common stock and one redeemable warrant. Each warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. The underwriters exercised their over-allotment option in full for an additional 3,000,000 units at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $230 million, prior to deducting underwriting discounts, commissions, and other Offering expenses.
Canna-Global Acquisition Corp Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option
Dec 03, 2021
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