Target Global Acquisition I Corp. (NASDAQ:TGAA), a blank check company, has announced the postponement of its extraordinary general meeting (EGM) originally set for today, to Monday, July 8, 2024. The meeting, where shareholders are to vote on key proposals, will still take place at Orrick, Herrington & Sutcliffe LLP in New York.
The rescheduling was disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday. The company, incorporated in the Cayman Islands, provided no specific reason for the change in schedule. The definitive proxy statement, outlining the proposals to be voted on, was filed with the SEC on June 17, 2024, and has been sent to shareholders.
Among the items on the agenda is the "Extension Proposal," a term detailed in the proxy statement, although the specifics of the proposal were not disclosed in the Form 8-K. Shareholders of record as of May 22, 2024, are eligible to vote at the EGM.
This news article is based on a press release statement.
In other recent news, Target Global Acquisition I Corp. has disclosed several noteworthy developments. The company recently postponed its extraordinary general meeting (EGM), which was set to address proposals detailed in its definitive proxy statement from June 17, 2024. The company also extended the deadline for shareholders to exercise their redemption rights and announced plans to enter into non-redemption agreements with certain shareholders, offering additional shares as an incentive.
Furthermore, the board has decided to waive the company's right to access up to $100,000 of interest from its trust account for dissolution expenses, with CIIG Management III LLC, the sponsor, agreeing to cover these potential costs. In addition to these developments, Target Global Acquisition has signed a non-binding letter of intent with an undisclosed robotics company for a business combination transaction, aiming to acquire 100% ownership.
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