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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): March 11, 2024 (December 26, 2023)
TG
Venture Acquisition Corp.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-41000 |
|
86-1985947 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
1390
Market Street, Suite 200
San
Francisco, CA 94102
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (628) 251-1369
Not
Applicable
(Former name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbols |
|
Name
of Each Exchange on Which Registered |
Units,
each consisting of one share of Class A Common Stock and one Redeemable Warrant |
|
TGVC.U |
|
Nasdaq
Global Market |
Class
A Common Stock, par value $0.0001 per share |
|
TGVC |
|
Nasdaq
Global Market |
Warrants,
each exercisable for one share of Class A Common Stock for $11.50 per share |
|
TGVC.W |
|
Nasdaq
Global Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
December 28, 2023, TG Venture Acquisition Corp. (“TGV”) filed the initial Current Report on Form 8-K to disclose that TGV
received a delist determination letter from Nasdaq for failure to maintain compliance with Nasdaq’s listing standards (the
“Initial 8K”).
Although
as disclosed in the Initial 8K, TGV submitted a hearing request to the Nasdaq Hearings Panel (the “Panel”), following
the February 22, 2024 termination of the business combination agreement (as amended, the “Business Combination Agreement”)
by and among (i) TGV, (ii) The Flexi Group Limited, a business company with limited liability incorporated under the laws of the British
Virgin Islands (the “Flexi”), (iii) The Flexi Group Holdings, Ltd., a business company with limited liability
incorporated under the laws of the British Virgin Islands and a direct wholly owned subsidiary of Flexi (“PubCo”),
(iv) The Flexi Merger Co. Ltd., a business company with limited liability incorporated under the laws of the British Virgin Islands and
a direct wholly owned subsidiary of PubCo, and (v) Flexi Merger Co. LLC, a Delaware limited liability company and a direct wholly owned
subsidiary of PubCo, TGV withdrew its request to appeal the delist determination. As a result, TGV’s securities will be suspended
from trading as of March 11, 2024, and Nasdaq will file a Form 25 Notification of Delisting with the SEC.
TGV is exploring
its options and available legal remedies against Flexi in connection with the termination of the Business Combination Agreement and intends
to vigorously protect its rights under the Business Combination Agreement.
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
TG Venture Acquisition Corp. |
|
|
By: |
/s/ Patrick Tsang |
|
|
Name: |
Pui Lan Patrick Tsang |
|
|
Title: |
Chief Executive Officer and Director |
|
Dated: March 11, 2024
v3.24.0.1
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|
Entity File Number |
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|
Entity Registrant Name |
TG
Venture Acquisition Corp.
|
Entity Central Index Key |
0001865191
|
Entity Tax Identification Number |
86-1985947
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
1390
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|
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Suite 200
|
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San
Francisco
|
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Units,
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|
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TGVC.U
|
Security Exchange Name |
NASDAQ
|
Class A Common Stock, par value $0.0001 per share |
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Title of 12(b) Security |
Class
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Trading Symbol |
TGVC
|
Security Exchange Name |
NASDAQ
|
Warrants, each exercisable for one share of Class A Common Stock for $11.50 per share |
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Title of 12(b) Security |
Warrants,
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