Continental Stock Transfer & Trust Company to Guarantee the Payment of Full Trust Value for 724,000 Shares
July 01 2024 - 10:02AM
PR Newswire (US)
NEW
YORK, July 1, 2024 /PRNewswire/ -- Continental
Stock Transfer &Trust Company, New
York, NY, stock transfer agent and trustee for Canna Global
Acquisition Corp. (NASDAQ: CNGL, CNGLU and CNGLW), announced today
that, in light of the failure of Liqueous LP to return 724,000
shares of Canna Global Class A common shares issued to them based
on instructions from Canna Global in contravention of its
Certificate of Incorporation, and in the absence of an agreement by
which Liqueous would provide a backstop guarantee insuring payment
of full trust value for said 724,000 shares should they be
presented for redemption, Continental as trustee has itself agreed
to guarantee the payment of full trust value for the 724,000 Class
A common shares of Canna Global in the event of a redemption or
liquidation event.
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SOURCE Continental Stock Transfer & Trust Company
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