New Quantum Holdings Announces Plans to Become Public in the USA

Rimon PC client, Canna-Global Acquisition Corp (“Canna-Global”) (NASDAQ:CNGL), a special purpose acquisition company, 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 “NQ”, which business combination transaction reflects an estimated proforma enterprise value of New Quantum at USD $800 million. Read the press release here.

Rimon attorneys Debbie Klis, Victoria Yang, Carl Sherer, Ivan Komaritsky, Craig Tanner, Bob Cocchia, David Devernoe, Roy Gillig, John Isaza, and Amy Baker served as United States legal counsel to Canna-Global. Rimon paralegal and Anne Mitzelfelt also provided support. We congratulate Canna-Global on this milestone!

Rimon has 46 offices across five continents. The firm is widely known as being at the vanguard of legal innovation. The firm has been repeatedly recognized by the Financial Times as one of North America’s most innovative law firms. The firm’s Managing Partners were both named ‘Legal Rebels’ by the American Bar Association’s ABA Journal and have spoken on innovations in the practice of law at Harvard and Stanford Law Schools. Rimon and its lawyers have also received numerous awards for excellence, including from Best Lawyers and Chambers.