Shmuel Chafets - Nov 29, 2023 Form 4 Insider Report for Target Global Acquisition I Corp. (TGAA)

Role
Chief Executive Officer
Signature
/s/ Heiko Dimmerling, as Attorney-in-Fact for Shmuel Chafets
Stock symbol
TGAA
Transactions as of
Nov 29, 2023
Transactions value $
$0
Form type
4
Date filed
12/1/2023, 05:16 PM
Previous filing
Aug 7, 2023
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TGAA Class A ordinary shares Other -25K -0.49% 5.05M Nov 29, 2023 By Target Global Sponsor Ltd. F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TGAA Class B ordinary shares Other $0 +25K $0.00 25K Nov 29, 2023 Class A ordinary shares 25K By Target Global Sponsor Ltd. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 29, 2023, Target Global Sponsor Ltd., a Cayman Islands exempt company ("Sponsor"), entered into a Securities Exchange Agreement with the Issuer and Michael Abbott ("Abbott") pursuant to which Sponsor transferred and assigned 25,000 Class A ordinary shares to Abbott in exchange for 25,000 Class B ordinary shares in transactions occurring simultaneously.
F2 The Class B ordinary shares are convertible into Class A ordinary shares on a one-for-one basis: (a) at any time and from time to time at the option of the holder, including (for the avoidance of doubt) at any time prior to the consummation of a business combination; or (b) automatically on the day of the consummation of a business combination. The shares do not have any expiration date.
F3 Sponsor is the sponsor of the Issuer. Sponsor is controlled by Shmuel Chafets and Yaron Valler, who have voting and investment discretion in respect of the ordinary shares held by Sponsor and may be deemed to have shared beneficial ownership of such ordinary shares. Each of Shmuel Chafets and Yaron Valler disclaims beneficial ownership of the shares held by Sponsor except to the extent of his pecuniary interest therein, directly or indirectly.