TG Venture Acquisition in a proxy supplement said it has postponed Thursday shareholder meeting to May 4, when a vote is expected on an extension proposal. The redemption deadline is now May 2.
TG Venture faces a May 5 deadline to complete a deal, but wants shareholders to extend the runway until November. The SPAC has a merger agreement in place with Flexi Group, a workspace provider.
The deal has a pro forma enterprise value of $205 million.
Source: TG Venture Acquisition Postpones Extension Vote by a Week