TG Venture Acquisition extends deadline to May 5, 2024; shareholders redeemed ~$5.16M

TG Venture Acquisition Corp.

Stockholders approved extension of business combination deadline from Nov 5, 2023 to May 5, 2024.
467,026 shares redeemed at ~$11.04 per share, aggregate ~$5.16M.
Approximately $9.59M remains in trust account; 3,815,319 shares outstanding post-redemption.
Fourth trust amendment allows trust funds to be held in interest-bearing demand deposit account.
Sponsor Tsangs Group Holdings Limited can request up to five monthly one-month extensions without another vote.

item 1.01 item 5.03 item 5.07 item 7.01 item 8.01 item 9.01

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

TG Venture Acquisition Corp.: Extended the deadline to consummate a business combination from November 5, 2023 to up to May 5, 2024, with an initial extension to December 5, 2023 and the option for monthly extensions up to six total months (effective 2023-11-01).

Change: charter amendment
Effective: 2023-11-01

Exact text from the filing

The Charter Amendment was filed with the Delaware Secretary of State and has an effective date of November 1, 2023.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TG Venture Acquisition Corp. shareholders approved Amendment to the Charter to extend the date by which the Company must consummate a business combination from November 5, 2023 to December 5, 2023, and to allow the Company, without another stockholder vote, to elect to extend the Combination Period on a monthly basis for up to five times by an addit.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

FOR AGAINST ABSTAIN 3,657,543 3 —

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TG Venture Acquisition Corp. shareholders approved Amendment to the Trust Agreement, allowing the Company to extend the date by which the Trust Account is to be liquidated pursuant to the Trust Agreement, from November 5, 2023 to May 5, 2024..

Outcome: passed

Exact text from the filing

FOR AGAINST ABSTAIN 3,657,543 3 —

View on SEC.gov

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Source: SEC EDGAR

accession 0001731122-23-002021

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