Target Global Acquisition I in an amended S-1 disclosed it now plans to offer 20 million units at $10 each, down from the 25 million initially registered with the SEC in March. The SPAC also has two forward-purchase agreements in place totalling $50 million.
A unit consists of one Class A share and one-third of a warrant.
The SPAC expects to price the offering Nov. 29.
Target Global sponsor is a European VC firm. The SPAC is broadly focused on technology companies.
The SPAC has applied to list on the Nasdaq under TGAAU. Read more.
