Exhibit 99.2
SECURITIES ASSIGNMENT AGREEMENT
This Securities Assignment Agreement (this Agreement), dated as of May 31, 2024 is made and entered into by and
among Target Global Sponsor Ltd. (Sponsor) and CIIG Management III LLC (the Purchaser).
WHEREAS, the Sponsor and Target Global Acquisition I Corp. (the Company) entered into that certain Securities
Purchase Agreement, dated as of February 19, 2021 by and between Sponsor and the Company (the Subscription Agreement), pursuant to which the Company issued and sold 7,187,500 Companys Class B Ordinary
Shares, par value $0.0001 per share (the Class B Ordinary Shares) to Sponsor. On November 8, 2021, 1,437,500 Class B Ordinary Shares were cancelled resulting in a decrease in the
total number of Class B Ordinary Shares outstanding from 7,187,500 to 5,750,000 shares. On December 29, 2021, 377,585 Class B Ordinary Shares were forfeited as a result of the underwriters partial exercise of its over-allotment
option resulting in a decrease in the total number of Class B Ordinary Shares from 5,750,000 to 5,372,415;
WHEREAS, the
Sponsor previously transferred (i) 100,000 Class B Ordinary Shares to each of the Companys CEO Shmuel Chafets and its Chairman Dr. Gerhard Cromme, and (ii) an aggregate of 100,000 Class B Ordinary Shares to the
Companys independent directors, resulting in the Sponsor owning 5,072,415 Class B Ordinary Shares. On July 11, 2023, the Company issued an aggregate of 5,347,415 Class A Ordinary Shares (the
Class A Ordinary Shares) to the initial shareholders upon the conversion of an equal number of the Companys Class B Ordinary Shares held by such initial shareholders. On
November 29, 2023, Sponsor assigned and transferred to a Director 25,000 Class A Ordinary Shares in exchange for the simultaneous transfer and assignment to the Sponsor by the Director of 25,000 Class B Ordinary Shares. As a result,
Sponsor owns 5,047,415 Class A Ordinary Shares and 25,000 Class B Ordinary Shares;
WHEREAS, simultaneously with the
consummation of the Companys initial public offering on December 9, 2021, the Company consummated a private placement (Private Placement) of 6,666,667 Private Placement Warrants (each, a Private
Placement Warrant and collectively, the Private Placement Warrants) at a price of $1.50 per Private Placement Warrant, generating gross proceeds of $10,000,000. The Private Placement Warrants were sold to the
Sponsor. On December 29, 2021, the underwriters exercised their over-allotment option and the Sponsor acquired 397,242 in additional Private Placement Warrants at a purchase price of $1.50 per Private Placement Warrant, generating additional
gross proceeds to the Company of $595,863;
WHEREAS, on the terms and subject to the conditions set forth in this Agreement,
Sponsor wishes to sell, assign and transfer an aggregate of 3,533,191 Class A Ordinary Shares and 17,500 Class B Ordinary Shares (the Shares) held by it to the Purchaser, and the Purchaser wishes to purchase the
Shares from Sponsor and be bound by the terms of this Agreement;
WHEREAS, concurrently with this Agreement, Michael Minnick will
be appointed Chief Executive Officer of the Company and is an affiliate of the Purchaser;