Target Global Acquisition I Corp. (TGAAU) Prices $200M IPO


Target Global Acquisition I Corp. (TGAAU) Prices $200M IPO

Target Global Acquisition I Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TGAAU” Thursday, December 9.

The new SPAC intends to focus on businesses in the consumer internet, mobility and FinTech sectors headquartered in Europe (including the U.K.) and Israel. Target Global I is led by Chief Executive Officer Shmuel Chafets, Chief Financial Officer Heiko Dimmerling, Chief Investment Officer Yaron Valler, and Chairman Gerhard Cromme.

Total SPAC deal count for 2021 year-to-date is now 578. This offering is expected to close on Monday, December 13.

UBS Investment Bank and BofA Securities are acting as book-running managers. Davis Polk & Wardwell London LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.