Announcement from Liqueous LP on Canna-Global Transactions
July 01 2024 - 11:04PM
Liqueous LP announced today that it is working with Canna-Global
Acquisition Corp. (NASDAQ: CNGL) to address Canna-Global’s invalid
issuance of Class A common stock to Liqueous LP. When Liqueous
acquired the shares, Canna-Global represented in writing that the
shares were duly and validly issued, and Liqueous relied on those
representations, which Liqueous now understands may be inaccurate.
Liqueous intended to acquire the Canna-Global shares in exchange
for the extinguishment of certain debts of Canna-Global, which
Liqueous acquired from third parties with the consent of
Canna-Global. The extinguishment of such debt provided substantial
financial benefits to Canna-Global and its stockholders.
Liqueous intends to continue to work diligently with all
relevant parties to resolve the matter.
Liqueous LP is a premier multi-strategy fund that delivers
bespoke liquidity solutions to micro, small, and mid-market issuers
through the integration of emerging technologies. Specializing in
sophisticated, tech-driven financial structures and trading,
Liqueous optimizes risk evaluation and streamlines transaction
processing.
Liqueous LP8 The Green, #15337Dover, DE 19901info@liqueous.com
https://www.liqueous.com
Disclaimer: This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations and involve risks and uncertainties that could
cause actual results to differ materially. Liqueous LP assumes no
obligation to update any forward-looking statements as a result of
new information, future events, or otherwise, except as required by
law. Investors are cautioned not to place undue reliance on these
forward-looking statements.