Target Global Acquisition I in an 8-K said shareholders approved an initial extension from Jan. 13 to May 8 2024. The measure also allows the SPAC without another shareholder vote to further extend the termination date on a monthly basis up to seven times.
Target Global I said 561,310 shares were redeemed at approximately $11.01 each. As a result, almost $6.2 million will be removed from the trust and 9,281,635 Class A shares will remain outstanding. This will leave about $43.3 million in the trust.
The SPAC originally raised $200 million in December 2021 with a broad focus on technology companies. Read more.
