Target Global Acquisition I said its board decided to extend the deal deadline for an additional month to July 8. This is the second of seven one-month extensions of the termination date available to the company. The SPAC noted that by tomorrow a deposit of $90,000 will be made into trust.
Target Global I earlier this week announced that its original sponsor has sold its interest in the blank-check company to CIIG III, resulting in a change in management.
The SPAC originally raised $200 million in December 2021 with a broad focus on technology companies.
Target Global I held about $43.3 million in trust following an extension vote in December. Read more.
