Target Global Acquisition I Corp names Michael Minnick CEO; Sponsor transfers 3.5M shares to CIIG III

Target Global Acquisition I Corp.

CEO Shmuel Chafets and CIO Yaron Valler resigned May 31, 2024; departures not due to any disagreement.
Board appointed Michael Minnick as CEO effective May 31, 2024; he is co-founder of IIG Holdings and CEO of Crown Proptech Acquisitions.
Sponsor sold 3,533,191 Class A and 17,500 Class B shares to CIIG Management III LLC under Securities Assignment Agreement.
CIIG III and Minnick entered Purchaser Insider Letter with modified lock-up; IPO insider letter waived and amended.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Minnick

Chief Executive Officer

Target Global Acquisition I Corp.

Effective: 2024-05-31
Filed: May 31, 2024, 7:59 PM ET

On May 31, 2024, the board of directors of the Company appointed Mr. Michael Minnick as CEO of the Company, effective immediately.

Departed

Yaron Valler

Chief Investment Officer

Target Global Acquisition I Corp.

Effective: 2024-05-31
Filed: May 31, 2024, 7:59 PM ET

On May 31, 2024, Yaron Valler informed the Company of his decision to resign as Chief Investment Officer of the Company, effective immediately.

Departed

Shmuel Chafets

Chief Executive Officer

Target Global Acquisition I Corp.

Effective: 2024-05-31
Successor: Michael Minnick
Filed: May 31, 2024, 7:59 PM ET

On May 31, 2024, Shmuel Chafets informed Target Global Acquisition I Corp. (the “Company”) of his decision to resign as Chief Executive Officer (“CEO”) of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Minnick was appointed as Chief Executive Officer at Target Global Acquisition I Corp..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 31, 2024, the board of directors of the Company appointed Mr. Michael Minnick as CEO of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yaron Valler resigned as Chief Investment Officer at Target Global Acquisition I Corp..

Action: resigned
Role: Chief Investment Officer

Exact text from the filing

On May 31, 2024, Yaron Valler informed the Company of his decision to resign as Chief Investment Officer of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shmuel Chafets resigned as Chief Executive Officer at Target Global Acquisition I Corp..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On May 31, 2024, Shmuel Chafets informed Target Global Acquisition I Corp. (the “Company”) of his decision to resign as Chief Executive Officer (“CEO”) of the Company, effective immediately.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-24-151759

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