New Quantum Holdings Announces Plans to Become Public in the USA
News Debbie A. Klis · Victoria Yang · Carl Sherer · Ivan Komaritsky · Craig Tanner · Robert (Bob) Cocchia · David Devernoe · Roy W. Gillig · John Isaza, Esq., FAI · Amy Baker · Anne Mitzelfelt · June 20, 2023
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!
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