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2021-12-03 06:36
05:34 PM EST, 12/02/2021 (MT Newswires) -- Canna-Global Acquisition (CNGLU) said late Thursday it closed its initial public offering of 23 million units at $10 each to raise $230 million in total gross proceeds.
The blank-check company said the offering includes the underwriters' purchase of 3 million units under their overallotment option.
Each unit comprises one Class A common share and one redeemable warrant, with each warrant exercisable at $11.5 per share.