Target Global Acquisition I Corp. settles VenHub deal termination for $2.5M note, cash, shares

Target Global Acquisition I Corp.

Deal with VenHub terminated; $225k cash, $2.5M secured note, and 3.46M VenHub shares received as settlement.
Mutual release of all claims; Delaware Chancery suit dismissed with prejudice upon receipt of consideration.
Secured note: 4% PIK interest, 5-year maturity, secured by VenHub IP, with early repayment triggers.
Investors' Rights Agreement grants TGAA registration, information, co-sale rights; anti-dilution if VenHub IPO <$300M.
If note outstanding after Sep 30, 2025, VenHub must repay $30k per five VenHub Smart Stores.

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