Canna-Global Acquisition Corp: Nasdaq/NYSE listing notice — Canna-Global faces Nasdaq delisting for failing $50M market value of listed securities

Canna-Global Acquisition Corp

Received MVLS notice on Jan 24, 2023, for failing to maintain $50M market value of listed securities over 30 consecutive business days.
Received MVPHS notice on same date for failing to maintain $15M market value of publicly held shares.
Company has 180 calendar days, until July 24, 2023, to regain compliance by closing at $50M or more for 10 consecutive days.
If not compliant by deadline, may be eligible to transfer to Nasdaq Capital Market with additional 180-day period.
No immediate effect on listing; company will monitor and consider options, but there is no assurance of compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Canna-Global Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5450(b)(2)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5450(b)(2)(C)

Exact text from the filing

January 24, 2023, Canna-Global Acquisition Corp (the “ Company ”) received a notice (the “ MVLS Notice ”) from the Nasdaq Stock Market LLC (“ Nasdaq ”), stating that the Company’s listed securities failed to comply with the $50 million market value of listed securities (“ Market Value of Listed Securities ”) requirement for continued listing on the Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(A) based upon the Company’s Market Value of Listed Securities for the 30 consecutive business days prior to the date of the MVLS Notice. The Company also received a notice on Jan

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Source: SEC EDGAR

accession 0001493152-23-002909

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