0000000000-23-012228.txt : 20231220 0000000000-23-012228.hdr.sgml : 20231220 20231108103652 ACCESSION NUMBER: 0000000000-23-012228 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231108 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Canna-Global Acquisition Corp CENTRAL INDEX KEY: 0001867443 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 863692449 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 4640 ADMIRALTY WAY STREET 2: SUITE 500 CITY: MARINA DEL REY STATE: CA ZIP: 90292 BUSINESS PHONE: (6016) 333-0323 MAIL ADDRESS: STREET 1: 4640 ADMIRALTY WAY STREET 2: SUITE 500 CITY: MARINA DEL REY STATE: CA ZIP: 90292 PUBLIC REFERENCE ACCESSION NUMBER: 0001493152-23-038895 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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R$C*-G3,/1.HSB,=-AOF!ZBO*(WDJ=J+!$$ MH6LJ;(J'-S1B#6FM:Y9P!U&FVST;#]=["(^IJ)^X1Y'?<\T(Q5'OW(\[$D2: M5G[D'WERA8;")2[&Y:]B)YYS]ED>!1CQ4R6OQ#=[=07K];M[JB[J[>%?:E#W.0W&V9OE^/4O^[5G]"N> MIH+3F\(.%'CW-SH3YPT*96YD7!E+T-A=&%L;V8 %/F2VY<;8,YUV"-D.4?&+V1?$K MR^3_69XR6 ^'7J!"UC>^X%1I(U^+C>LXOE2ALU[-?1T:YUNU=7[FH[OW3Z'* M\-W\07IW3=SE$ET^"M?^L7G$FPS8S$#Z TSMB7L*96YDF4@,30^ M/G-T'0M-2XT+C4* TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo November 8, 2023 Gerry Combs Chief Executive Officer Canna-Global Acquisition Corp 4640 Admiralty Way, Suite 500 Marina Del Rey, CA90292 Re: Canna-Global Acquisition Corp Preliminary Proxy Statement on Schedule 14A Filed October 31, 2023 File No. 001-41102 Dear Gerry Combs: We have reviewed your filing and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Preliminary Proxy Statement on Schedule 14A Cover page 1. We note that the sponsor or its affiliates may purchase public shares in privately negotiated transactions or in the open market and your disclosure that "Any such privately negotiated purchases may be effected at purchase prices that are below or in excess of the per-share pro rata portion of the trust account. Any public shares held by or subsequently purchased by our affiliates may be voted in favor of the Extension Amendment." Please explain how such purchases would comply with the requirements of Rule 14e-5 under the Exchange Act. Refer to Tender Offer Rules and Schedules Compliance and Disclosure Interpretation 166.01 for guidance. General 2. With a view toward disclosure, please tell us whether your sponsor is controlled by, or has substantial ties with a non-U.S. person. If so, also include risk factor disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to Gerry Combs Canna-Global Acquisition Corp November 8, 2023 Page 2 complete an initial business combination with a U.S. target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that as a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity in a target company, any price appreciation in the combined company, and the warrants, which would expire worthless. 3. We note that you are seeking to extend your termination date to June 2, 2025, a date which is 42 months from your initial public offering. We also note that you are listed on The Nasdaq Capital Market and that Nasdaq IM-5101-2 requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Please revise to explain that the proposal to extend your termination deadline to June 2, 2025, does not comply with this rule, or advise. Further, disclose the risks of your non-compliance with this rule, including that your securities may be subject to suspension and delisting from The Nasdaq Capital Market. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Austin Pattan at 202-551-6756 or Kathleen Krebs at 202-551-3350 with any other questions. Sincerely, FirstName LastNameGerry Combs Division of Corporation Finance Comapany NameCanna-Global Acquisition Corp Office of Technology November 8, 2023 Page 2 cc: Debbie Klis FirstName LastName