Canna-Global Acquisition Corp: Nasdaq/NYSE listing notice — Canna-Global receives Nasdaq delisting notice for MVLS non-compliance

Canna-Global Acquisition Corp

Nasdaq notified CNGL on May 3, 2024, that MVLS fell below $35M for 30 consecutive business days.
Company has until October 30, 2024, to regain compliance with MVLS rule.
If MVLS reaches $35M for 10 consecutive business days within period, compliance will be confirmed.
Failure to regain compliance may lead to delisting of CNGL's securities.

item 3.01

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 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

May 3, 2024, Canna Global Acquisition Corp. (“Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(2) (the “Rule”) because the Company has not maintained a minimum Market Value of Listed Securities (“MVLS”) of at least $35 million for the last 30 consecutive business days. The Notice has no immediate effect on the listing or trading of the Company’s securities. The Company has 180 calendar days from the date of the Notice, or until Octo

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Source: SEC EDGAR

accession 0001493152-24-018518

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