Target Global Acquisition I filed a proxy calling for a deadline extension to Dec. 9 and then continue pushing the deadline on a monthly basis if necessary, without another shareholder vote, to June 2025.
In May, the SPAC entered into a non-binding letter of intent for a business combination with a prospective target in the robotics industry utilizing AI technology.
Target Global I earlier this month 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.
