Canna-Global Acquisition Corp (CNGL) Halted as Nasdaq Investigates Share Issuance

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Canna-Global Acquisition Corp (CNGL) Halted as Nasdaq Investigates Share Issuance

The Nasdaq announced it has halted trading for Canna-Global (NASDAQ:CNGL), and not for any of the usual reasons, but rather for a request of information following a particularly unusual issuance of shares. Essentially, Canna-Global and underwriter EF Hutton agreed to retire the $8 million deferred underwriting fee the SPAC still owed it at close. EF
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