New Quantum Holdings Plans To Become Public In The USA Via A Business Combination Agreement With Nasdaq-Listed Canna-Global Acquisition Corp; Transaction Values New Quantum Holdings At Pro Forma Enterprise Value Of $800M Expected To Close 2H 2023
Portfolio Pulse from Benzinga Newsdesk
Canna-Global Acquisition Corp (NASDAQ: CNGL) has signed a definitive Bid Implementation and Business Acquisition Agreement with New Quantum Holdings, valuing the latter at $800M. The deal will result in New Quantum becoming a wholly-owned subsidiary of Canna Global and is expected to close in 2H 2023.
June 15, 2023 | 7:04 pm
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Canna-Global Acquisition Corp (CNGL) signs a business acquisition agreement with New Quantum Holdings, valuing the latter at $800M. The deal is expected to close in 2H 2023.
The acquisition of New Quantum Holdings, a provider of a vertically integrated technology and infrastructure offering for financial services firms, will expand Canna-Global's portfolio and potentially increase its market value. The deal is expected to close in 2H 2023, and the positive sentiment surrounding the acquisition may lead to a short-term increase in CNGL's stock price.
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