TG Venture Acquisition registered to offer 10 million units at $10 each. A unit consists of one share of Class A common stock and one-half of one redeemable warrant; whole warrants exercisable for a share at $11.50.
The new SPAC is broadly focused on technology companies, identifying 16 different segments in the prospectus, including AI, 5G, blockchain, IoT, cybersecurity, quantum computing, EV charging infrastructure, space exploration and more.
TG Venture is led by Pui Lan Patrick Tsang, chairman of the SPAC’s sponsor Tsangs Group Holdings Limited, Tsang is the trade commissioner of Grenada in Macau, according to the S-1 filing.
ThinkEquity is sole book-running manager. The underwriters have an option to purchase up to an additional 1.5 million units to cover over-allotments, if any.
The SPAC has applied to list on the Nasdaq under TGVCU. Read more.