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Target Global Acquisition I Corp. (Nasdaq: TGAA) announced the postponement of its Extraordinary General Meeting of shareholders from June 26, 2024, to July 1, 2024, at 12:00 p.m. Eastern Time. The meeting aims to discuss several key proposals, including the amendment of the company's Memorandum and Articles of Association to extend the deadline for completing a business combination to December 9, 2024. Additionally, they will consider further monthly extensions up to June 9, 2025, if needed, without requiring another shareholder vote.
Other proposals include amending the Investment Management Trust Agreement, re-appointing two directors, and ratifying the selection of Marcum LLP as the independent registered public accounting firm for 2024. The company has also extended the deadline for Class A shareholders to submit redemption requests to 5:00 p.m. ET on June 27, 2024.
Target Global Acquisition I Corp. (NASDAQ:TGAA) has extended the deadline for completing its initial business combination by one month, from June 8, 2024, to July 8, 2024. This is the second of seven possible one-month extensions under the company's amended Articles of Association. The extension involves a $90,000 deposit into the company's trust account, which will be backed by a non-interest bearing, unsecured convertible promissory note to CIIG Management III The note will be repayable upon the consummation of the initial business combination.
Target Global Acquisition I Corp. (TGAA) has extended the deadline for completing its initial business combination by a month from May 8, 2024, to June 8, 2024, as per the Board's decision. This extension is the first of seven potential one-month extensions allowed under the company's Amended and Restated Memorandum and Articles of Association. The Sponsor will deposit $90,000 into the company's trust account to support this Extension, with repayment contingent upon the finalization of an initial Business Combination.
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