Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 4)*
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TARGET GLOBAL ACQUISITION I CORP. (Name of Issuer) |
CLASS A ORDINARY SHARES, PAR VALUE $0.0001 PER SHARE (Title of Class of Securities) |
G8675N109 (CUSIP Number) |
04/17/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | G8675N109 |
| 1 | Names of Reporting Persons
Target Global Sponsor Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,521,724.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
16.35 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| CUSIP No. | G8675N109 |
| 1 | Names of Reporting Persons
Shmuel Chafets | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ISRAEL
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,621,724.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
17.43 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13G
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| CUSIP No. | G8675N109 |
| 1 | Names of Reporting Persons
Yaron Valler | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ISRAEL
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,521,724.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
16.35 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13G
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| CUSIP No. | G8675N109 |
| 1 | Names of Reporting Persons
Mikhail Lobanov | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ROMANIA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,521,724.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
16.35 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13G
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| CUSIP No. | G8675N109 |
| 1 | Names of Reporting Persons
Kirill Yurkevich | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ISRAEL
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,521,724.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
16.35 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: (1) The Reporting Person is the sponsor of the Issuer or an indirect shareholder thereof. The Class B Ordinary Shares of the Issuer are automatically convertible into Issuer's Class A Ordinary Shares as more fully described under the heading "Description of Securities - Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-253732). The percentage shown under Item 11 reflects the Reporting Person's beneficial ownership of both Class A and Class B Ordinary Shares of the Issuer. For further information, please see Item 4 below. (2) On June 11, 2023, the Issuer issued 100,000 Class A Ordinary Shares, par value $0.0001 per share to Mr. Shmuel Chafets, upon the conversion of an equal number of the Issuer's Class B Ordinary Shares held by Mr. Chafets previously. As a result, Mr. Chafets directly owns 100,000 Class A Ordinary Shares of the Issuer as of the date of this report. The percentage shown under Item 11 reflects Mr. Chafet's sole and shared beneficial ownership of both Class A and Class B Ordinary Shares of the Issuer.
SCHEDULE 13G
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| Item 1. | |
| (a) | Name of issuer:
TARGET GLOBAL ACQUISITION I CORP. |
| (b) | Address of issuer's principal executive offices:
PO Box 10176, Governor's Square 23 Lime Tree Bay Avenue, Grand Cayman KY1-1002, Cayman Islands |
| Item 2. | |
| (a) | Name of person filing:
Target Global Sponsor Ltd. (the "Reporting Person") Shmuel Chafets Yaron Valler Mikhail Lobanov Kirill Yurkevich |
| (b) | Address or principal business office or, if none, residence:
For each of Target Global Sponsor Ltd., Mikhail Lobanov, Kirill Yurkevich, Shmuel Chafets and Yaron Valler - PO Box 10176, 23 Lime Tree Bay Avenue, Grand Cayman KY1-1002, Cayman Islands |
| (c) | Citizenship:
Target Global Sponsor Ltd. - Cayman Islands Shmuel Chafets - United States, Israel Yaron Valler - Israel Mikhail Lobanov - Romania, Kyrgyzstan Kirill Yurkevich - Israel, Russian Federation |
| (d) | Title of class of securities:
CLASS A ORDINARY SHARES, PAR VALUE $0.0001 PER SHARE |
| (e) | CUSIP No.:
G8675N109 |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. As of the date hereof, the Reporting Person may be deemed to beneficially own: (i) 1,514,224 of the Issuer's Class A Ordinary Shares, representing 16.27% of the total Class A and Class B Ordinary Shares issued and outstanding and |
| (b) | Percent of class:
(ii) 7,500 of the Issuer's Class B Ordinary Shares, representing 0.081% of the total Class A and Class B Ordinary Shares issued and outstanding. The Class B Ordinary Shares are automatically convertible into Issuer's Class A Ordinary Shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, as more fully described under the heading "Description of Securities - Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-253732). The shares reported above are held in the name of Target Global Sponsor Ltd. (the "sponsor"), a Cayman Islands exempt company with its registered address at PO Box 10176, Governor's Square, 23 Lime Tree Bay Avenue, KY1-1002, Cayman Islands. As of May 15, 2025, the sponsor was controlled by Shmuel Chafets, Yaron Valler, Mikhail Lobanov, and Kirill Yurkevich who at that time had voting and investment discretion in respect of the shares held of record by the sponsor and therefore may have been deemed to have shared beneficial ownership of the shares held by the sponsor. Each of Shmuel Chafets, Yaron Valler, Mikhail Lobanov, and Kirill Yurkevich disclaims beneficial ownership of the shares held by the sponsor except to the extent of his pecuniary interest therein, directly or indirectly. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
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| (ii) Shared power to vote or to direct the vote:
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| (iii) Sole power to dispose or to direct the disposition of:
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| (iv) Shared power to dispose or to direct the disposition of:
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: Exhibit Description Exhibit A Joint Filing Agreement dated May 15, 2025, by and among Target Global Sponsor Ltd., Shmuel Chafets, Yaron Valler, Mikhail Lobanov, and Kirill Yurkevich