Canna-Global (CNGL) stake: Meteora at 19.18% ownership
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Meteora Capital, LLC and managing member Vik Mittal report a significant ownership position in Canna-Global Acquisition Corp Class A common stock. Through funds and managed accounts they oversee, they beneficially own 378,362 shares, representing 19.18% of the outstanding Class A shares.
The reporting parties have shared power to vote and dispose of these 378,362 shares, with no sole voting or dispositive power. They state that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Canna-Global Acquisition Corp.
Positive
- None.
Negative
- None.
FAQ
What percentage of Canna-Global (CNGL) does Meteora Capital own?
Meteora Capital reports beneficial ownership of 19.18% of Canna-Global’s Class A common stock. This percentage reflects the 378,362 shares held through the Meteora-managed funds and accounts, making Meteora a significant shareholder in the company’s public equity.
Who are the reporting persons in this Canna-Global (CNGL) ownership disclosure?
The reporting persons are Meteora Capital, LLC and Vik Mittal. Meteora Capital is the investment manager to the funds holding the shares, and Mittal is its Managing Member, reporting with respect to the Canna-Global Class A common stock held by those funds.
Does Meteora intend to influence control of Canna-Global (CNGL) with this stake?
The reporting parties state the securities were acquired and are held in the ordinary course of business. They explicitly indicate the holdings are not for the purpose or effect of changing or influencing control of Canna-Global Acquisition Corp, aside from limited nomination-related activities.
On what date was Meteora’s Canna-Global (CNGL) ownership measured?
The ownership information relates to an event dated 12/31/2025. As of that date, Meteora Capital and Vik Mittal reported beneficial ownership of 378,362 Class A common shares of Canna-Global, representing 19.18% of that class of securities.