SPACInsider Logo
TG Venture Acquisition Corp. (TGVC) Postpones Extension Vote
by Marlena Haddad on 2023-04-24 at 5:45pm

TG Venture Acquisition Corp. (NASDAQ: TGVC) announced that it has postponed its special meeting, originally scheduled to be held on April 27, until May 4.

In connection with the postponement of the meeting, the SPAC has further extended the redemption deadline until 5:00 p.m. ET on May 2.

TG Venture currently faces a completion deadline of May 5, but is hoping to gain shareholder approval at the upcoming meeting to extend its timeline by an additional six months until November 5.

If the proposal is approved, then TG Venture’s sponsor will deposit into the trust the lesser of $100,000 and $0.04 per share multiplied by the number of shares outstanding on the applicable date, on each of May 5, and on the 5th day of each subsequent calendar month until the extended date.

TG Venture announced its $205 million business combination with Asia-Pacific coworking space operator The Flexi Group in December 2022. The Flexi Group is one of the region’s largest flexible workspace operators with 45 locations in 12 cities and 9 countries including Australia, Singapore, Malaysia, Hong Kong, Thailand, Philippines, Taiwan, Vietnam and Japan.

 

Recent Posts
by Nicholas Alan Clayton on 2023-06-06 at 7:23am

Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...

by Marlena Haddad on 2023-06-05 at 5:45pm

Latest Non-Redemption Agreements:  EVe Mobility EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior...

by Marlena Haddad on 2023-06-05 at 5:44pm

Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp. ST Energy Transition I Ltd. (STET) to Liquidate on June 7 ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company. Net of taxes and dissolution expenses, the per-share redemption price for the...

by Marlena Haddad on 2023-06-05 at 5:43pm

Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) announced this afternoon that it has secured a $5 million PIPE for its proposed merger with consultancy firm Aeries Technology. While most PIPEs are priced at $10 per share, Worldwide Webb’s $5 million subscription agreement was executed at just $4.48 per share in a private placement to be completed concurrently...

by Marlena Haddad on 2023-06-05 at 5:42pm

Metals Acquisition Corp. (NYSE: MTAL) announced this afternoon that its shareholders have approved its acquisition and business combination with the CSA Copper Mine from Glencore (LON:GLEN) at a special meeting held earlier today. The business combination and merger were overwhelmingly approved as both proposals received 27,538,130 shares in favor of it and just 455,506 shares against it. In...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved