TG Venture Acquisition Corp. Announces Postponement of its Special Meeting to May 4, 2023 Sponsor Offers Cash Incentive to Extend SPAC - Seite 2

If a Contributor fails to make a Contribution by an applicable Contribution Date (subject to a three (3) business day grace period), then TGVC will liquidate and dissolve as soon as practicable after such date and in accordance with its Charter. The Contributions will be evidenced by a non-interest bearing, unsecured promissory note and will be repayable upon consummation of an initial business combination. If TGVC does not consummate a business combination by November 5, 2023, such promissory note will be repaid only from funds held outside of TGVC's Trust Account or will be forfeited, eliminated or otherwise forgiven. Any Contribution is conditioned on the approval of the Extension Proposals at the Special Meeting and the implementation of the Extension. No Contribution will occur if the Extension Proposals are not approved, or if the Extension is not implemented. If TGVC has consummated a business combination or announced its intention to wind up prior to any Contribution Date, any obligation to make Contributions will terminate.

Stockholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Stockholders as of the record date can vote, even if they have subsequently sold their shares. Any stockholders who wish to change their vote and need assistance should contact Okapi at [phone], or [e-mail]. In connection with the postponement of the Special Meeting, TGVC has further extended the deadline for holders of TGVC's common stock issued in TGVC's initial public offering (the "Public Shares") to submit their Public Shares for redemption in connection with the Charter Amendment Proposal (as defined in the Proxy Statement) until 5:00 p.m. Eastern Time on May 2, 2023. Stockholders who wish to withdraw their previously submitted redemption requests may do so prior to the rescheduled meeting by requesting that the transfer agent return such Public Shares prior to 8:00 a.m. Eastern Time on May 4, 2023.

Participants in the Solicitation

TGVC and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from TGVC's stockholders in respect of the Special Meeting, the Extension Proposals and related matters. Information regarding TGVC's directors and executive officers is available in TGVC's annual report on Form 10-K for the year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission (the "SEC") on March 29, 2023. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the Proxy Statement.