00-0000000 false 0001847355 0001847355 2024-11-01 2024-11-01 0001847355 tgaau:UnitsEachConsistingOfOneClassAOrdinaryShareAndOneThirdOfOneRedeemableWarrant1Member 2024-11-01 2024-11-01 0001847355 tgaau:ClassAOrdinarySharesParValue0.0001PerShare2Member 2024-11-01 2024-11-01 0001847355 tgaau:RedeemableWarrantsEachWholeWarrantExercisableForOneClassAOrdinaryShareAtAnExercisePriceOf11.501Member 2024-11-01 2024-11-01

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 1, 2024

 

 

TARGET GLOBAL ACQUISITION I CORP.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-41135   N/A

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

PO Box 10176  
Governor’s Square 23  
Lime Tree Bay Avenue, Grand Cayman  
KY1-1102,  
Cayman Islands   KY1-1102
(Address of principal executive offices)   (Zip Code)

+1 345 814 5772

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant   TGAAU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   TGAA   The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50   TGAAW   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 3.01

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On October 28, 2024, Target Global Acquisition I Corp. (the “Company”) received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s aggregate market value of its outstanding warrants was less than $1 million, the Company’s warrants are no longer in compliance with the Nasdaq continued listing criteria set forth in Listing Rule 5452(b)(C), which requires the Company to maintain an aggregate market value of its outstanding warrants of at least $1 million (the “Notice”).

The Notice additionally indicates that the Company, pursuant to the Listing Rules, has 45 calendar days, or until December 9, 2024, to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, the Company will have 180 calendar days from the date of the Notice to evidence compliance. If Nasdaq were to reject the Company’s plan, Nasdaq rules permit the Company to appeal the decision to a hearings panel.

The Notice serves only as a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Target Global Acquisition I Corp.
Date: November 1, 2024     By:  

/s/ Michael Minnick

    Name:   Michael Minnick
    Title:   Chief Executive Officer
v3.24.3
Document and Entity Information
Nov. 01, 2024
Document And Entity Information [Line Items]  
Entity Tax Identification Number 00-0000000
Amendment Flag false
Entity Central Index Key 0001847355
Document Type 8-K
Document Period End Date Nov. 01, 2024
Entity Registrant Name TARGET GLOBAL ACQUISITION I CORP.
Entity Incorporation State Country Code E9
Entity File Number 001-41135
Entity Address, Address Line One PO Box 10176
Entity Address, Address Line Two Governor’s Square 23
Entity Address, Address Line Three Lime Tree Bay Avenue
Entity Address, City or Town Grand Cayman
Entity Address, Region Grand Cayman
Entity Address, Country KY
Entity Address, Postal Zip Code KY1-1102
City Area Code 345
Local Phone Number 814 5772
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Entity Ex Transition Period false
Units Each Consisting Of One Class A Ordinary Share And One Third Of One Redeemable Warrant 1 [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
Trading Symbol TGAAU
Security Exchange Name NASDAQ
Class A Ordinary Shares Par Value 0.0001 Per Share 2 [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Class A ordinary shares, par value $0.0001 per share
Trading Symbol TGAA
Security Exchange Name NASDAQ
Redeemable Warrants Each Whole Warrant Exercisable For One Class A Ordinary Share At An Exercise Price Of 11.501 [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
Trading Symbol TGAAW
Security Exchange Name NASDAQ
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