TG Venture Acquisition (TGVC) terminates business combination with Flexi; explores legal remedies

TG Venture Acquisition Corp.

Flexi terminated business combination agreement on Feb 22, 2024 due to failure to close by May 5, 2023.
TGVC canceled special meeting scheduled for March 1, 2024 and withdrew all related proposals.
Redemption of Class A shares in connection with the deal will not occur; already-submitted shares will be returned.
TGVC intends to vigorously protect its rights and explore legal options against Flexi.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TG Venture Acquisition Corp. terminated Business Combination Agreement with The Flexi Group Limited (effective 2024-02-22).

Action: termination
Agreement: merger
Counterparty: The Flexi Group Limited
Effective: 2024-02-22

Exact text from the filing

On February 22, 2024, TGVC received written notice from Flexi that Flexi had elected to terminate the Business Combination Agreement pursuant to Section 10.1(i)(ii) thereof

View on SEC.gov

748 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001731122-24-000324

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.