Canna-Global Acquisition Corp

Canna-Global Acquisition Corp. operates as a blank check company. The firm was formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded by George Koi Ming Yap and Mei Eng Goy on April 12, 2021 and is headquartered in Marina Del Rey, CA.

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~Via a business combination agreement with Nasdaq-listed Canna-Global Acquisition Corp ~ Transaction values New Quantum Holdings at pro forma enterprise value of $800 million expected to close in the second half of 2023 ~ New York, June 15, 2023 (GLOBE NEWSWIRE) -- Canna-Global Acquisition Corp (“Canna-Global”) (NASDAQ:CNGL), a special purpose acquisition company, today announced the signing of a definitive Bid Implementation and Business Acquisition Agreement with Sydney-based New Quantum Holdings Pty Ltd. (“New Quantum”), a provider of a vertically integrated technology and infrastructure offering for financial services firms, that will result in New Quantum becoming a wholly-owned subsidiary of Canna Global, which is expected to be listed on the Nasdaq Global Market under the ticker symbol “NQH” The business combination transaction reflects an estimated proforma enterprise value of New Quantum at USD $800M and follows New Quantum's recent acquisition of a majority interest in Morrison Securities from the ASX-listed, Sequoia Financial Group in June 2023.

New Quantum Holdings plans to become public in the USA

~ Transaction values New Quantum Holdings at pro forma enterprise value of $800 million ~ ~ New Quantum 's state-of-the-art platform is based on its proprietary Fintech as a Service (“FaaS”) technology ~ ~ New Quantum's scalable AI-based platform manages investment portfolios efficiently for the financial services industry ~ ~ The global asset management industry hit a high-water mark of $126 trillion of assets under management (AUM), up from 23 percent a decade ago , that is expected to grow to $145 trillion by 2025 ~ ~ New Quantum CEO , Jong Chung , will continue to lead the company ~ ~ Business combination expected to close in the second half of 202 3 ~ New York, June 15, 2023 (GLOBE NEWSWIRE) -- Canna-Global Acquisition Corp (“Canna-Global”) (NASDAQ:CNGL), a special purpose acquisition company, today announced the signing of a definitive Bid Implementation and Business Acquisition Agreement with Sydney-based New Quantum Holdings Pty Ltd. (“New Quantum”), a provider of cutting-edge wealth management all-in-one Fintech as a Service (FaaS), that will result in New Quantum becoming a wholly-owned subsidiary of Canna Global, which is expected to be listed on the Nasdaq Global Market under the ticker symbol “NQH.

New Quantum Holdings Pty Ltd., a Cutting-Edge Wealth Management Platform, with Proprietary Fintech as a Service Technology, Plans to Become Public via a Business Combination with Nasdaq-listed Canna-Global Acquisition Corp.

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