VenHub, a disruptive AI and robotics company, and Target Global Acquisition I Corp. (NASDAQ: TGAA), a NASDAQ-listed special purpose acquisition company, have announced their entry into a definitive business combination agreement, dated as of Dec. 2, 2024. According to the announcement, the proposed business combination is expected to be completed in the second quarter of 2025, subject to customary closing conditions, including regulatory and shareholder approvals. Following the closing, the combined company will operate as VenHub Global Holdings, Inc. and is expected to list on Nasdaq under the ticker symbol VHUB.
“This is day one for VenHub on a larger stage,” said Shahan Ohanessian, CEO of VenHub. “We’re at the starting line of what I believe will be a remarkable journey, turning our vision into reality and expanding our reach on a global scale. We’re not just joining the market; we’re aiming to pioneer a new frontier in smart retail that enhances how businesses and consumers connect.”
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About VenHub Global, Inc.
VenHub Global, f/k/a Autonomous Solutions, Inc., a Delaware corporation, is reshaping the retail industry with its groundbreaking autonomous and robotic-operated Smart Stores. Leveraging advanced AI and smart inventory management systems, VenHub offers a seamless shopping experience that operates 24/7. This approach not only increases revenue but also significantly reduces operational costs compared to traditional retail setups. VenHub’s modular design allows for quick installation and easy customization to meet a wide range of consumer needs. The company operates across three main retail formats: fixed Smart Stores for permanent locations, mobile Smart Stores for flexibility and broader accessibility, and innovative solutions that upgrade existing retail spaces and shopping centers into advanced Smart Shopping environments. With its forward-thinking strategy, VenHub is poised to transform the retail landscape, providing an efficient and accessible shopping experience that anticipates the future of commerce.
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