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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G/A
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 5)*
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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) |
07/03/2025 (Date of Event Which Requires Filing of this Statement) |
| 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) |
| 3 | SEC Use Only |
| 4 |
Citizenship or Place of Organization
CAYMAN ISLANDS
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5
Sole Voting Power:
0.00 6
Shared Voting Power:
1,521,724.00 7
Sole Dispositive Power:
0.00 8
Shared Dispositive Power:
1,521,724.00 |
| 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 |
| 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) |
| 3 | SEC Use Only |
| 4 |
Citizenship or Place of Organization
ISRAEL
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5
Sole Voting Power:
100,000.00 6
Shared Voting Power:
1,521,724.00 7
Sole Dispositive Power:
100,000.00 8
Shared Dispositive Power:
1,521,724.00 |
| 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 |
| 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) |
| 3 | SEC Use Only |
| 4 |
Citizenship or Place of Organization
ISRAEL
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5
Sole Voting Power:
0.00 6
Shared Voting Power:
1,521,724.00 7
Sole Dispositive Power:
0.00 8
Shared Dispositive Power:
1,521,724.00 |
| 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 |
| 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) |
| 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: | 5
Sole Voting Power:
0.00 6
Shared Voting Power:
1,521,724.00 7
Sole Dispositive Power:
0.00 8
Shared Dispositive Power:
1,521,724.00 |
| 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 |
| 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: | 5
Sole Voting Power:
0.00 6
Shared Voting Power:
1,521,724.00 7
Sole Dispositive Power:
0.00 8
Shared Dispositive Power:
1,521,724.00 |
| 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 |
| CUSIP No. | G8675N109 |
| 1 |
Names of Reporting Persons
Vladimir Mukanaev |
| 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
UNITED KINGDOM
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| Number of Shares Beneficially Owned by Each Reporting Person With: | 5
Sole Voting Power:
0.00 6
Shared Voting Power:
1,521,724.00 7
Sole Dispositive Power:
0.00 8
Shared Dispositive Power:
1,521,724.00 |
| 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 |
| 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
Vladimir Mukanaev | |
| (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 -Israel
Yaron Valler - Israel
Mikhail Lobanov - Romania
Kirill Yurkevich - Israel
Vladimir Mukanaev - The United Kingdom of Great Britain and Northern Ireland | |
| (d) |
Title of class of securities:
CLASS A ORDINARY SHARES, PAR VALUE $0.0001 PER SHARE | |
| (e) |
CUSIP No.:
G8675N109 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | ☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
| (f) | ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |
| (g) | ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | ☐ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | ☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
| 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 October 2, 2025, the sponsor was controlled by Shmuel Chafets, Yaron Valler, Mikhail Lobanov, Vladimir Mukanaev 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, Vladimir Mukanaev 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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Target Global Sponsor Ltd. |
| Signature: | /s/ Heiko Dimmerling | |
| Name/Title: | Heiko Dimmerling/Authorized Signatory | |
| Date: | 10/02/2025 |
Shmuel Chafets |
| Signature: | /s/ Shmuel Chafets | |
| Name/Title: | Shmuel Chafets | |
| Date: | 10/02/2025 |
Yaron Valler |
| Signature: | /s/ Yaron Valler | |
| Name/Title: | Yaron Valler | |
| Date: | 10/02/2025 |
Mikhail Lobanov |
| Signature: | /s/ Mikhail Lobanov | |
| Name/Title: | Mikhail Lobanov | |
| Date: | 10/02/2025 |
Kirill Yurkevich |
| Signature: | /s/ Kirill Yurkevich | |
| Name/Title: | Kirill Yurkevich | |
| Date: | 10/02/2025 |
Vladimir Mukanaev |
| Signature: | /s/ Vladimir Mukanaev | |
| Name/Title: | Vladimir Mukanaev | |
| Date: | 10/02/2025 |
| Exhibit Information: Exhibit A Joint Filing Agreement dated June 24, 2024, by and among Target Global Sponsor Ltd., Shmuel Chafets, Yaron Valler, Mikhail Lobanov, Kirill Yurkevich and Vladimir Mukanaev |
Exhibit A
Exhibit A
Joint Filing Agreement
The undersigned hereby agrees that they are filing jointly pursuant to Rule 13-d-1(k)(1) of the Securities Exchange Act of 1934, as amended, with respect to ordinary shares of Class A Ordinary Shares of Target Global Acquisition I Corp. The undersigned further agree and acknowledge that such shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained herein, but shall not be responsible for completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate.
October 2, 2025
| Target Global Sponsor Ltd. | ||
| By: | /s/ Heiko Dimmerling | |
| Name: | Heiko Dimmerling | |
| Tittle: | Authorized Signatory | |
| Shmuel Chafets | ||
| By: | /s/ Shmuel Chafets | |
| Yaron Valler | ||
| By: | /s/ Yaron Valler | |
| Mikhail Lobanov | ||
| By: | /s/ Mikhail Lobanov | |
| Kirill Yurkevich | ||
| By: | /s/ Kirill Yurkevich | |
| Vladimir Mukanaev | ||
| By: | /s/ Vladimir Mukanaev | |