---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-151759"
form_type: "8-K"
ticker: null
cik: "0001847355"
company_name: "Target Global Acquisition I Corp."
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:14:43.757712+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-151759
- form_type: 8-K
- cik: 0001847355
- company_name: Target Global Acquisition I Corp.
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847355/000119312524151759/0001193125-24-151759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847355/000119312524151759/d767748d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-151759
- JSON: https://secwatch.observer/filing/0001193125-24-151759.json
- Plain text: https://secwatch.observer/filing/0001193125-24-151759.txt

## Key facts
- Executive change
  Michael Minnick was appointed as Chief Executive Officer at Target Global Acquisition I Corp..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On May 31, 2024, the board of directors of the Company appointed Mr. Michael Minnick as CEO of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847355/000119312524151759/0001193125-24-151759-index.htm
- Executive change
  Yaron Valler resigned as Chief Investment Officer at Target Global Acquisition I Corp..
  - Action: resigned
  - Role: Chief Investment Officer
  source text: On May 31, 2024, Yaron Valler informed the Company of his decision to resign as Chief Investment Officer of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847355/000119312524151759/0001193125-24-151759-index.htm
- Executive change
  Shmuel Chafets resigned as Chief Executive Officer at Target Global Acquisition I Corp..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847355/000119312524151759/0001193125-24-151759-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.