Michael Minnick - May 31, 2024 Form 3 Insider Report for Target Global Acquisition I Corp. (TGAA)

Role
Chief Executive Officer, 10%+ Owner
Signature
/s/ Michael Minnick
Stock symbol
TGAA
Transactions as of
May 31, 2024
Transactions value $
$0
Form type
3
Date filed
5/31/2024, 08:18 PM
Previous filing
Jan 19, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TGAA Class A Ordinary Shares 3.53M May 31, 2024 Held by CIIG Management III LLC F1, F2

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
holding TGAA Class B Ordinary Shares May 31, 2024 Class A Ordinary Shares 17.5K $0.00 Held by CIIG Management III LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were acquired pursuant to a Securities Assignment Agreement dated as of May 31, 2024 by and among the Issuer, CIIG Management III LLC ("CIIG Mgt III") and Target Global Sponsor Ltd.
F2 The Reporting Person is the sole managing member of CIIG Mgt III and has voting and investment power over the shares held by CIIG Mgt III. The Reporting Person disclaims beneficial ownership of the shares held by CIIG Mgt III other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3 As described in the Issuer's final prospectus filed under Rule 424(b)(4) (File No. 333-253732) with the Securities and Exchange Commission on December 9, 2021 (the "Prospectus"), the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination (or earlier at the option of the holder) at a ratio described in the Prospectus, which ratio will in no event be less than one-to-one. The shares do not have any expiration date.