8-K
filed December 21, 2023, 6:59 PM ET
CIK 0001847355
other material
confidence high
sentiment neutral
materiality 0.65
TGAA shareholders extend deadline to May 8, 2024; ~561K shares redeemed at $11.01
Target Global Acquisition I Corp.
- Deadline for business combination extended from Jan 13, 2024 to May 8, 2024, with monthly options to Dec 8, 2024.
- 561,310 shares redeemed at ~$11.01; trust account to hold ~$43.33M after redemption.
- Jeffrey Clarke and Michael Abbott reappointed as Class I directors; Marcum LLP ratified as auditor.
- Amendments to trust agreement and articles approved by 96% of votes cast.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Target Global Acquisition I Corp.: Amended articles to extend deadline for initial business combination from January 13, 2024 to May 8, 2024, with further monthly extensions possible until December 8, 2024 (effective 2023-12-21).
- Change
- charter amendment
- Effective
- 2023-12-21
Exact text from the filing
At the Shareholders Meeting, the shareholders of the Company also approved to amend the Company’s amended and restated memorandum and articles of association (the “ Articles ”) to extend the date by which the Company has to consummate an initial business combination (the “ Termination Date ”) from January 13, 2024 to May 8, 2024 (the “ Articles Extension Date ”) and to allow the Company, without another shareholder vote, to elect to further extend the Termination Date on a monthly basis for up to seven times by an additional one month each time after the Articles Extension Date, by resolution of the Company’s board of directors, if requested by Target Global Sponsor Ltd., a Cayman Islands exempted company limited by shares, and upon two calendar days’ advance notice prior to the applicable Termination Date, until December 8, 2024 (each, an “ Additional Articles Extension Date ”), unless the closing of a business combination shall have occurred prior thereto (the “ Extension Amendment P
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Target Global Acquisition I Corp. shareholders approved Adjournment Proposal at the 2023-12-21 meeting.
- Outcome
- passed
- Meeting
- 2023-12-21
Exact text from the filing
Approval of Proposal 5 – Adjournment Proposal Votes Against Abstentions 8,358,414 374,623 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Target Global Acquisition I Corp. shareholders approved Director Appointment Proposal at the 2023-12-21 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-12-21
Exact text from the filing
Approval of Proposal 3 – Director Appointment Proposal Votes Against Abstentions 25,000 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Target Global Acquisition I Corp. shareholders approved Auditor Ratification Proposal at the 2023-12-21 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-21
Exact text from the filing
Approval of Proposal 4 – Auditor Ratification Proposal Votes Against Abstentions 8,733,033 4 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Target Global Acquisition I Corp. shareholders approved Extension Amendment Proposal at the 2023-12-21 meeting.
- Outcome
- passed
- Meeting
- 2023-12-21
Exact text from the filing
Approval of Proposal 1 – Extension Amendment Proposal Votes Against Abstentions 8,360,048 372,989 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Target Global Acquisition I Corp. shareholders approved Trust Amendment Proposal at the 2023-12-21 meeting.
- Outcome
- passed
- Meeting
- 2023-12-21
Exact text from the filing
Approval of Proposal 2 – Trust Amendment Proposal Votes Against Abstentions 8,360,048 372,989 0
View on SEC.gov
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