TG Venture Acquisition Corp.
TGVC
NASDAQ Global Market10.81
USD
-0.30
- -
CIK
0001865191
ISIN
US87251T1097
CUSIP
87251T109
Return %
Stock
S&P500
1Y
4.14
26.53
3Y
9.86
76.60
5Y
9.86
80.11
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
- Pui Lan Tsang
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1390 Market Street San Francisco CA United States of America 94102
- IPO Date
- Nov 22, 2021
- CIK
- 0001865191
- Similar Companies
- Business
- TG Venture Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in San Francisco, California. The company focuses on effecting business combinations such as mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar transactions. It targets the technology industries primarily, including space technology, financial technology, technology, media and telecom (TMT) sectors, primarily in the United States and other developed countries. As a SPAC, TG Venture Acquisition Corp. does not currently conduct operational business activities but serves as a vehicle to facilitate these business combinations. The company is sponsored by Tsangs Group Holdings Limited, which provides strategic guidance and financial support. TG Venture Acquisition Corp. had entered into a business combination agreement with The Flexi Group Limited, a flexible workspace provider, in December 2022, aiming to bring The Flexi Group public through a merger. However, the agreement was terminated by The Flexi Group in early 2024 due to closing delays. Following this termination, TG Venture Acquisition Corp. was delisted from the Nasdaq exchange in April 2024 after falling below the minimum market cap requirement. The company has extended deadlines to complete a business combination several times, most recently extending the deadline to May 5, 2024, and continues to explore potential combinations within that timeframe. The company maintains a trust account reserve of approximately $9.59 million designated for future business combinations and operational activities post-acquisition. The company's business approach includes targeting entities with enterprise values typically below $1.25 billion, focusing on leveraging its management team's experience and global network to identify promising acquisition candidates within its focused technology sectors. TG Venture Acquisition Corp. plans to differentiate itself by concentrating its initial business combination search on artificial intelligence, machine learning, satellite communications, wireless broadband, energy technology, and other emerging technology fields. Despite its current non-operational status, TG Venture maintains active management efforts toward securing a suitable business combination to transition into an operating company.
TG Venture Acquisition Corp. Announces Change of Date of its Special Meeting
TG Venture Acquisition Corp. Announces Change of Date of its Special Meeting
TG Venture Acquisition Corp. Announces Stockholder Approval of Extension Amendment to the Amended and Restated Certificate of Incorporation and Investment Management Trust Agreement
CORRECTING AND REPLACING: TG Venture Acquisition Corp. Announces Change of Date and Time of Its Special Meeting
TG Venture Acquisition Corp. Announces Change of Date and Time of Its Special Meeting