Target Global Acquisition I Corp.: Nasdaq/NYSE listing notice — Target Global Acquisition I Corp. receives Nasdaq delisting notice for warrants under $1M market value

Target Global Acquisition I Corp.

Nasdaq notified TGAA on June 15, 2023, that warrants' aggregate market value fell below $1M minimum.
Company must submit a compliance plan by July 30, 2023; if accepted, has until Dec 12, 2023 to regain compliance.
Non-compliance only affects warrants (TGAAW); Class A shares (TGAA) and units (TGAAU) listing unchanged.
Company intends to submit a plan within the 45-day submission period to address the deficiency.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Target Global Acquisition I Corp. received a nasdaq deficiency notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s aggregate market value of its outstanding warrants was less than $1 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in Listing Rule 5452(b)(C), which requires the Company to maintain an aggregate market value of its outstanding warrants of at least $1 million (the “Notice”). The Notice additionally indicates that the Company, pursuant to the Listing Rules, has 45 calendar days, or until July 30, 2023, to submit a plan to regain

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Source: SEC EDGAR

accession 0000950103-23-008974

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