TG Venture Acquisition announced that its stockholders meeting will be postponed from Oct. 27 until Nov. 1. Stockholders are being asked to vote on a deadline extension for up to six months beyond the current Nov. 5 termination date.
If approved, this would be the SPAC’s second extension since announcing a $205 million merger agreement with workspace provider Flexi Group in December 2022.
The estimated redemption price per share is now expected to be approximately $11.03, up from the $10.97 originally reported in the SPAC’s proxy. The closing price of TGVC’s common stock on Oct. 24 was $10.85.
TG Venture raised $100 million in a November 2021 IPO. Read more.
