Target Global Acquisition I Corp.
TGAAU
NASDAQ Global Market11.11
USD
+11.11
- -
CIK
0001847355
ISIN
KYG8675N1170
CUSIP
G8675N117
Return %
Stock
S&P500
1Y
5.61
26.84
3Y
6.01
77.03
5Y
11.66
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Minnick
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Boundary Hall Grand Cayman Cayman Islands KY1-1102
- IPO Date
- Dec 9, 2021
- CIK
- 0001847355
- Website
- tgacquisition1.com
- Similar Companies
- Business
- Target Global Acquisition I Corp. (NASDAQ: TGAAU) 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, with a focus on consumer internet, mobility, and financial technology sectors in Europe, the Middle East, and Israel. The company, incorporated in 2021 and headquartered in Grand Cayman, Cayman Islands, currently conducts no significant operations and maintains cash in trust from its December 2021 initial public offering of approximately $215 million, underwritten by UBS; it trades units comprising one Class A ordinary share and one-third of a redeemable warrant. Sponsored by an affiliate of Target Global, a Berlin-based venture capital firm with over $3 billion in assets under management, the company leverages expertise from its management team and board, including Chairman Dr. Gerhard Cromme, CEO Michael Minnick, and directors with backgrounds in venture capital, technology operations, and public markets. In December 2024, Target Global Acquisition I Corp. entered into a Business Combination Agreement with VenHub Global, Inc., an AI-powered autonomous retail technology provider, valuing VenHub at $715 million and planning for the combined entity to list on Nasdaq as VenHub Global Holdings in Q2 2025, subject to shareholder and regulatory approvals. The company has pursued multiple deadline extensions for the initial business combination, including from June 2024 through May 2025, funded by sponsor deposits into trust, alongside a June 2025 shareholder amendment vote; it faced related litigation in early 2025, securing a court order to enforce the merger agreement amid VenHub's attempted termination, with trial dates targeted for mid-2025. Additional recent actions include Nasdaq delisting in December 2024 with transition to OTCQX markets under TGAAU, TGAA, and TGAAW symbols, and leadership changes such as Michael Minnick's appointment as CEO in May 2024.
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