SCHEDULE 13G/A: Target Global Sponsor and Principals Affirm Significant Stake in Target Global Acquisition I Corp.

Target Global Sponsor Ltd. and its key principals have filed an amended Schedule 13G, reaffirming their substantial beneficial ownership in Target Global Acquisition I Corp., with the group's combined stake reaching up to 17.43% of the Class A Ordinary Shares.

Summary

• This document is Amendment No. 4 to Schedule 13G, filed by Target Global Sponsor Ltd. and a group of individuals including Shmuel Chafets, Yaron Valler, Mikhail Lobanov, and Kirill Yurkevich.
• The filing pertains to the beneficial ownership of Class A Ordinary Shares, par value $0.0001 per share, of Target Global Acquisition I Corp.
• Target Global Sponsor Ltd. beneficially owns 1,521,724 shares, representing 16.35% of the class, with shared voting and dispositive power.
• Shmuel Chafets beneficially owns an aggregate of 1,621,724 shares, representing 17.43% of the class, which includes 100,000 shares with sole voting and dispositive power and 1,521,724 shares with shared voting and dispositive power.
• Yaron Valler, Mikhail Lobanov, and Kirill Yurkevich each beneficially own 1,521,724 shares, representing 16.35% of the class, with shared voting and dispositive power.
• The reported beneficial ownership includes both Class A and Class B Ordinary Shares, with Class B shares automatically convertible into Class A shares on a one-for-one basis upon the Issuer's initial business combination.
• As of June 11, 2023, Mr. Shmuel Chafets directly acquired 100,000 Class A Ordinary Shares through the conversion of an equal number of Class B Ordinary Shares.
• As of May 15, 2025, the sponsor (Target Global Sponsor Ltd.) was controlled by Shmuel Chafets, Yaron Valler, Mikhail Lobanov, and Kirill Yurkevich, who exercised voting and investment discretion over the shares held by the sponsor.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance updates, strategic shifts, or new financial guidance.

Future Outlook

The Class B Ordinary Shares held by the reporting persons are automatically convertible into the Issuer's Class A Ordinary Shares on a one-for-one basis at the time of the Issuer's initial business combination, subject to adjustment.

Industry Context

This filing is typical for a Special Purpose Acquisition Company (SPAC) like Target Global Acquisition I Corp., where the sponsor and its principals maintain significant ownership stakes. The disclosure provides transparency on the continued control and investment by the founding group as the SPAC progresses towards its initial business combination.

Related Party Transactions

• The individual reporting persons (Shmuel Chafets, Yaron Valler, Mikhail Lobanov, and Kirill Yurkevich) control Target Global Sponsor Ltd., and their shared beneficial ownership of shares held by the sponsor constitutes a related party arrangement.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant and continued ownership stake held by the sponsor and its principals, which can influence corporate control and future strategic decisions, particularly concerning the eventual business combination of the SPAC.

Next Steps

• The automatic conversion of Class B Ordinary Shares into Class A Ordinary Shares upon the Issuer's initial business combination.

Key Dates

Recommendation

Keywords

SEC filing, Schedule 13G/A, beneficial ownership, Target Global Acquisition I Corp., SPAC, Class A Ordinary Shares, Class B Ordinary Shares, institutional ownership, equity investment, shareholder disclosure