Target Global I Receives Nasdaq Warning for Warrants Deficiency

Target Global Acquisition I in an 8-K said it received notice from the Nasdaq that it had fallen below the aggregate market value of at least $1 million for outstanding warrants — a listing requirement — and has until July 30 to submit a compliance plan. The SPAC would then have until Dec. 12 to regain compliance.

Target Global’s sponsor is a European VC firm. The SPAC raised $200 million in a Decmber 2021 IPO with a broad focus on technology companies. Read more.

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