공시 • May 17
Target Global Acquisition I Corp. announced delayed 10-Q filing On 05/16/2025, Target Global Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 02
Target Global Acquisition I Corp. announced delayed annual 10-K filing On 04/01/2025, Target Global Acquisition I Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공시 • Dec 05
VenHub Global, Inc entered into a definitive business combination agreement to acquire Target Global Acquisition I Corp. (NasdaqGM:TGAA) from group of sellers in a reverse merger transaction. VenHub Global, Inc entered into a definitive business combination agreement to acquire Target Global Acquisition I Corp. (NasdaqGM:TGAA) from group of sellers in a reverse merger transaction on December 2, 2024. The combined company will operate as VenHub Global Holdings, Inc. following the Closing and is expected to list on Nasdaq under the ticker symbol “VHUB”. The Proposed Business Combination implies a pro forma enterprise value of $715 million, which assumes an estimated equity value of $650 million, $26 million in new cash to the balance sheet (assuming 100% redemptions by TGAA public shareholders), and $0.6 million in existing cash. The Proposed Business Combination is expected to provide net cash to VenHub of up to $14 million to support VenHub’s continued geographic expansion and product diversification. It is intended that 100% of existing VenHub stockholders will roll over their equity and, assuming no redemptions and full rollover, own approximately 89% of the pro forma equity of the combined company in connection with the transaction. The Company shall pay or cause to be paid $0.75 million to the Acquiror or its designees through wire transfer of same-day funds within two Business Days in the event the Business Combination Agreement is terminated by the Company under certain circumstances, as described further in the Business Combination Agreement.The Proposed Business Combination has been approved by the boards of directors of both VenHub and TGAA. The proposed business combination (the “Proposed Business Combination”) is expected to be completed in the second quarter of 2025, subject to customary closing conditions, including regulatory and shareholder approvals.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is serving as the exclusive financial advisor, capital markets advisor and placement agent to VenHub. Smith Eilers PLLC is serving as legal counsel to VenHub. Orrick, Herrington & Sutcliffe LLP is serving as legal counsel to TGAA. Travers Thorp Alberga is serving as legal counsel to TGAA with respect to Cayman Islands law. 공시 • Nov 16
Target Global Acquisition I Corp. announced delayed 10-Q filing On 11/15/2024, Target Global Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Aug 16
Target Global Acquisition I Corp. announced delayed 10-Q filing On 08/15/2024, Target Global Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 02
Target Global Acquisition I Corp. announced delayed annual 10-K filing On 04/01/2024, Target Global Acquisition I Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Dec 31
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Sigal Rosenberg is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Nov 26
Target Global Acquisition I Corp. Appoints Target Global Acquisition I Corp. to Its Board of Directors Target Global Acquisition I Corp. appointed Mr. Jeffrey James Clarke to the Company’s Board of Directors, effective November 22, 2023. Mr. Clarke, age 62, has extensive public company experience, as well as information technology and technology enabled business model expertise derived from over 25 years in multi-industry executive and leadership roles. Mr. Clarke currently serves as Director of Mondee Holdings Inc., as Director of Columbia Care Inc. and as the Interim CEO of Doxim Inc. Prior to this, Mr. Clarke spent fits years as member of the board of directors of FTD, LLC, and prior to that five years as chief executive officer of Eastman Kodak Company, where he led the restructuring and divestiture of its high multiple packaging print division, substantially reducing Kodak’s debt. Mr. Clarke has also held numerous prominent roles within the technology industry, including chief executive officer, chairman and executive chair positions at Travelport Limited, a leading technology and distribution company in the travel industry. He has also served as chief operating officer for CA Software, executive vice president of global operations at Hewlett-Packard and chief financial officer at Compaq Computer. Mr. Clarke is a former director at Docker Inc., Autodesk Inc., Red Hat Inc., Compuware Corporation, Orbitz Worldwide and UTStarcom Inc. He earned his MBA from Northeastern University and now serves as a Northeastern University Trustee. The company believe Mr. Clarke’s broad experience makes him the well-qualified to serve as a director on its Company’s Board. 공시 • May 27
Target Global Acquisition I Corp., Annual General Meeting, Jun 02, 2023 Target Global Acquisition I Corp., Annual General Meeting, Jun 02, 2023, at 12:00 US Eastern Standard Time. Location: offices of Davis Polk & Wardwell London LLP located at 5 Aldermanbury Square London EC2V 7HR London United Kingdom Agenda: To consider and approve the Extension Amendment Proposal; to consider and approve the Redemption Limitation Amendment Proposal; to consider and approve the Founder Conversion Amendment Proposal; and to consider other matters. 공시 • Mar 31
Target Global Acquisition I Corp. announced delayed annual 10-K filing On 03/30/2022, Target Global Acquisition I Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 