TG Venture Acquisition Corp. (TGVCU) Prices $100M IPO


TG Venture Acquisition Corp. (TGVCU) Prices $100M IPO

Nov 2, 2021 IPOs by Anthony Sozzi

TG Venture Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TGVCU” Wednesday, November 3.

The new SPAC’s efforts intend to concentrate its search for a target business operating within the space technology, financial technology, technology, media and telecom industries and related sectors. TG Venture is led by Chairman & CEO, Patrick Tsang (Chairman of Tsangs Group Holdings Limited) and its CFO and director, Phil Rettger.

Total SPAC deal count for 2021 year-to-date is now 507. This offering is expected to close on Friday, November 5.

ThinkEquity is acting as sole book-running manager. Hunter Taubman Fischer & Li LLC is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.