Target Global Acquisition I Corp. is a special purpose acquisition company targeting technology-driven mergers and acquisitions, backed by Target Global, a major venture capital firm.

# Company Overview: Target Global Acquisition I Corp.

## Business Model
Target Global Acquisition I Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands with the primary purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or a similar business combination with one or more businesses or entities. The company targets technology-driven companies in various sectors, notably focused on tech-enabled businesses within consumer internet, mobility, and financial technology (FinTech). 

## Sponsorship
The company is backed by **Target Global**, a prominent venture capital firm headquartered in Berlin, Germany, managing over **$3.25 billion** in assets, primarily investing in fast-growing tech companies.

## Customer Base
While specific numbers regarding customers are not disclosed, the company emphasizes its aim to identify and support next-generation technology leaders, indicating a broad focus on high-potential tech companies.

## Employees
The company currently operates with a small team of **three executive officers**. It does not plan to employ any full-time employees prior to completing its initial business combination.

## Financial Overview
As a SPAC, Target Global Acquisition I Corp. raised funds through an initial public offering (IPO) and private placement:
- **IPO:**
  - Completed on **December 13, 2021**, raising **$200 million** through the issuance of **20 million units** at **$10 per unit**.
  - Following an over-allotment option, total gross proceeds reached **$219.2 million**.
  
- **Private Placement:**
  - Raised **$10 million** by issuing **6,666,667 private placement warrants** at **$1.50** per warrant.
  
- **Trust Account:**
  - As of December 31, 2024, there was **approximately $20.3 million** remaining in the Trust Account, with an estimate of **$11.64 per public share** available for redemption.

## Revenue and Income
Target Global Acquisition I Corp. does not have any revenue or income as it operates without active business operations. It remains a passive entity until it successfully completes its initial business combination. The documentation states that ongoing operational revenue generation will begin only after a successful merger or acquisition.

## Conclusion
Target Global Acquisition I Corp. is strategically positioned to leverage Target Global's expertise and resources to identify high-potential target businesses in the technology sector. However, as of the end of 2024, the company has yet to execute its business combination and generate revenue.

A blank check company incorporated in the Cayman Islands focused on executing initial business combinations with growth-oriented businesses in consumer internet, mobility, and FinTech sectors.

# Company Summary

## Overview
The company is a blank check company, incorporated as a Cayman Islands exempted company, primarily focused on executing an initial business combination with one or more target businesses. This can involve various formats such as mergers, share exchanges, and acquisitions. 

## Business Model
- **Purpose**: To identify and acquire a target business that has significant growth potential, particularly focusing on sectors including consumer internet, mobility, and financial technology (FinTech).
- **Investment Strategy**: The company intends to leverage the extensive experience and networks of its management team and sponsors to assess and pursue suitable acquisition candidates.

## Financial Structure
- **Trust Account**: As of December 31, 2023, the company had approximately **$44,081,143.21** in its Trust Account, which is intended to fund the initial business combination.
- **Public Offering**: The company completed its Initial Public Offering (IPO) in December 2021, which generated gross proceeds of **$200 million** from the sale of 20 million units at a price of **$10.00** per unit. Following an over-allotment option, total gross proceeds increased to approximately **$214.9 million**.
- **Sponsor Investments**: The company’s sponsor, Target Global, has invested in the company and has a significant influence over the business operations and decision-making processes.

## Operations
- **Number of Employees**: The company currently has **three executive officers**, but it has no full-time employees until the completion of its initial business combination.
- **Customers**: As a blank check company, it does not have traditional customers or a product/service revenue stream until it successfully completes a business combination and operates in a market.

## Performance Indicators
- **Revenue and Income**: The company has no operating history and therefore reports no revenue or income. It relies on proceeds from the IPO and potential new financing for its operations and initial business combination pursuits.

## Strategic Goals
- **Initial Business Combination Deadline**: The company initially had 18 months from the IPO to complete its business combination, extendable to 24 months. Currently, it has until **May 8, 2024**, to consummate an initial business combination, with potentially further extensions available.
- **Target Focus**: The company intends to focus on acquiring a business in sectors that have been identified for their growth potential, leveraging the expertise of its management team in navigating European and Israeli technology ecosystems.

This summary encapsulates the essential details of the company’s business model, financial structure, operation, and strategic objectives as a blank check company.

Target Global Acquisition I Corp.

10-K / April 17, 2025

10-K / April 4, 2024

10-K / April 17, 2025

Company Overview: Target Global Acquisition I Corp.

Business Model

Sponsorship

Customer Base

Employees

Financial Overview

Revenue and Income

Conclusion