Target Global Acquisition I Corp. Announces Extension Of Deadline To Complete Initial Business Combination To January 13, 2024
Portfolio Pulse from Benzinga Newsdesk
Target Global Acquisition I Corp. (NASDAQ:TGAA) has extended the deadline to complete its initial business combination to January 13, 2024. This extension, requested by Target Global Sponsor Ltd, is the fourth of six possible one-month extensions. The Sponsor will deposit $90,000 into the Company's trust account by December 11, 2023, as part of the extension agreement.
December 08, 2023 | 7:31 pm
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Target Global Acquisition I Corp. has extended its deadline for an initial business combination to January 13, 2024, and will receive a $90,000 deposit from its Sponsor.
The extension of the deadline provides TGAA with more time to complete a business combination, which is a neutral event as it neither guarantees a successful merger nor indicates failure. The deposit into the trust account shows Sponsor support but does not directly affect the stock price.
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