DOVER, Del., July 01, 2024 (GLOBE NEWSWIRE) -- 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 LP
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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.
