Canna-Global Acquisition (CNGL) gets 19.18% stake reported by Meteora Capital
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report beneficial ownership of Class A common stock of Canna-Global Acquisition Corp. Meteora Capital, as investment manager to certain funds and managed accounts, and its managing member, Vik Mittal, report that these funds collectively hold 378,362 shares of Class A common stock, representing 19.18% of the class. All voting and dispositive power over these shares is shared, with no sole voting or dispositive authority reported. The reporting persons state that this report should not be construed as an admission of beneficial ownership for Section 13 purposes.
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Key Figures
Shares beneficially owned: 378,362 shares
Percent of class: 19.18%
Shared voting power: 378,362 shares
+3 more
6 metrics
Shares beneficially owned
378,362 shares
Class A common stock reported as beneficially owned by Meteora-managed funds
Percent of class
19.18%
Percentage of Canna-Global Acquisition Corp Class A common stock
Shared voting power
378,362 shares
Shares over which the reporting persons have shared power to vote or direct the vote
Shared dispositive power
378,362 shares
Shares over which the reporting persons have shared power to dispose or direct the disposition
Sole voting power
0 shares
Shares with sole power to vote or direct the vote
Sole dispositive power
0 shares
Shares with sole power to dispose or direct the disposition
Key Terms
beneficial owner, shared voting power, shared dispositive power, Class A common stock, +2 more
6 terms
beneficial owner regulatory
"admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Class A common stock financial
"Title of class of securities: Class A common stock (e) | CUSIP No.: 13767K101"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
CUSIP financial
"Title of class of securities: Class A common stock (e) | CUSIP No.: 13767K101"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
percent of class financial
"Item 4. | Ownership (a) | Amount beneficially owned: 378362 (b) | Percent of class: 19.18 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
What percentage of Canna-Global Acquisition Corp (CNGL) does Meteora Capital report owning?
Meteora Capital and Vik Mittal report beneficial ownership of 19.18% of Canna-Global Acquisition Corp’s Class A common stock, held through funds and managed accounts for which Meteora Capital acts as investment manager.
Who are the reporting persons in this Canna-Global Acquisition Corp (CNGL) ownership disclosure?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member, reporting with respect to shares held by certain Meteora-managed funds and accounts.
Where is the principal business office of the Meteora Capital reporting persons in the CNGL disclosure?
The principal business office for each reporting person is listed as 1200 N Federal Hwy, #200, Boca Raton, FL 33432, which serves as the address for Meteora Capital and Vik Mittal in this ownership report.
What class of Canna-Global Acquisition Corp (CNGL) securities is covered in this ownership report?
The ownership report covers Class A common stock of Canna-Global Acquisition Corp, identified by CUSIP number 13767K101, and specifies both the share count and percentage of this class held by the reporting persons.
AI-generated analysis. How Rhea-AI works. Not financial advice.