TG Venture Acquisition in an 8-K said its securities will be delisted today from the Nasdaq after the SPAC decided not to appeal.
This follows the termination last month of a deal with The Flexi Group, a workspace provider.
TG Venture said it is exploring its options and available legal remedies against Flexi in connection with the termination of the agreement “and intends to vigorously protect its rights under the business combination agreement.”
At deal announcement in December 2022, Flexi Group had a pro forma enterprise value of $205 million.
Redemptions following two favorable extension votes last year left approximately $9.66 million in the SPAC’s trust. Read more.
