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Target Global Acquisition I Announces Non-Redemption Agreements

Story Highlights
  • Target Global Acquisition I Corp. seeks to extend its business combination deadline to December 9, 2026.
  • Non-redemption agreements aim to retain funds but won’t affect extension approval likelihood.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Target Global Acquisition I Announces Non-Redemption Agreements

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Target Global Acquisition I ( (TGAAF) ) just unveiled an update.

On June 3, 2025, Target Global Acquisition I Corp. filed a proxy statement to call a special meeting for stockholders to approve an extension for completing a business combination until December 9, 2026. On June 6, 2025, the company entered into non-redemption agreements with shareholders, offering 2.5 shares for each non-redeemed share upon closing the business combination, while the sponsor agreed to forfeit an equal number of shares. These agreements aim to retain funds in the company’s trust account but are not expected to influence the approval of the extension.

More about Target Global Acquisition I

Average Trading Volume: 11,194

Technical Sentiment Signal: Buy

Current Market Cap: $84.78M

Find detailed analytics on TGAAF stock on TipRanks’ Stock Analysis page.

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