BERLIN, Sept. 8, 2023 /PRNewswire/ -- Target Global
Acquisition I Corp. (Nasdaq: TGAA) (the "Company") announced today
that its board of directors (the "Board"), upon request of Target
Global Sponsor Ltd (the "Sponsor"), has decided to extend the date
by which the Company must consummate an initial business
combination (the "Termination Date") from September 13, 2023, for an additional month, to
October 13, 2023 (the "Extension").
This is the first of six potential one-month extensions of the
Termination Date available to the Company pursuant to its Amended
and Restated Memorandum and Articles of Association, as further
amended on June 2, 2023. The Company
further announced that on or before September 11, 2023, the Sponsor will deposit
$90,000 into the Company's trust
account in connection with the Extension, which will be evidenced
by a non-interest bearing, unsecured convertible promissory note to
the Sponsor and will be repayable by the Company upon consummation
of an initial Business Combination.
About Target Global Acquisition I Corp.
Target Global Acquisition I Corp. is a blank check company
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities. For more
information, please visit https://tgacquisition1.com.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements may be
identified by the use of words such as "estimate," "plan,"
"project," "forecast," "intend," "will," "expect," "anticipate,"
"believe," "seek," "target", "may", "intend", "predict", "should",
"would", "predict", "potential", "seem", "future", "outlook" or
other similar expressions (or negative versions of such words or
expressions) that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company's control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors that may affect actual results or outcomes are detailed in
the Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 under the heading
"Risk Factors" and other documents the Company has filed, or will
file, with the SEC. Readers are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. The Company expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
View original
content:https://www.prnewswire.co.uk/news-releases/target-global-acquisition-i-corp-announces-extension-of-deadline-to-complete-initial-business-combination-301922254.html