Target Global Acquisition I extends deadline to Dec 9, 2026; trust account nearly emptied by redemptions

Target Global Acquisition I Corp.

Shareholders approved extension of business combination deadline from June 9, 2025 to December 9, 2026.
Holders of 1,696,270 Class A shares redeemed at ~$11.81/share, removing ~$20M from trust account.
After redemptions, only 84,746 shares outstanding and ~$1,000,568 remain in trust account.
Vote: 5,344,124 for, 636,637 against extension; quorum 83.6%.

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.: Approved amendment to extend the termination date for completing an initial business combination from June 9, 2025 to December 9, 2026 (effective 2025-06-11).

Change: charter amendment
Effective: 2025-06-11

Exact text from the filing

At the Shareholder Meeting, the shareholders of the Company approved to amend, by way of special resolution, the Company’s Articles to extend the date (the “ Termination Date ”) by which the Company has to consummate an initial business combination (the “ Extension Amendment ”) from June 9, 2025 to December 9, 2026 (the “ Articles Extension Date ”), unless the closing of an initial business combination (the “ Business Combination ”) shall have occurred prior thereto (the “ Extension Amendment Proposal ”).

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Source: SEC EDGAR

accession 0001213900-25-053469

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