Tavia Acquisition Corp has announced that starting December 20, 2024, holders of the 11,500,000 units from its initial public offering can separately trade the ordinary shares and rights that make up these units. While unseparated units will continue trading on Nasdaq under TAVIU, the separated components will trade under TAVI (ordinary shares) and TAVIR (rights).
Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate their units. The initial underwritten offering was managed by EarlyBirdCapital, Inc as the sole book-running manager. The SEC declared the registration statement effective on December 3, 2024, and the offering was conducted exclusively through a prospectus available from EarlyBirdCapital.
Tavia Acquisition Corp announced the full exercise of underwriters' over-allotment option for its IPO, resulting in an additional 1,500,000 units issued at $10.00 per unit. The total offering now comprises 11,500,000 units with an aggregate value of $115,000,000. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share upon completing an initial business combination.
The company focuses on sustainability sectors including energy transition, critical materials, circular economy, and agricultural technologies. The securities will be listed on Nasdaq Global Market under symbols 'TAVI' and 'TAVIR'. EarlyBirdCapital served as the sole book-running manager.
Tavia Acquisition Corp (NASDAQ: TAVIU) has successfully completed its initial public offering of 10,000,000 units at $10.00 per unit, raising total gross proceeds of $100,000,000. The company focuses on sustainability and innovation sectors, including energy transition, critical materials, circular economy, and agricultural technologies.
Each unit comprises one ordinary share and one right to receive one-tenth of an ordinary share upon completing an initial business combination. The units trade on the Nasdaq Global Market under 'TAVIU', with ordinary shares and rights to trade separately under 'TAVI' and 'TAVIR'. EarlyBirdCapital served as the sole book-running manager, with a 45-day option to purchase up to 1,500,000 additional units for over-allotments.
Tavia Acquisition Corp has announced the pricing of its initial public offering of 10,000,000 units at $10.00 per unit, totaling $100 million. Trading will commence on December 4, 2024, on the Nasdaq Global Market under symbol TAVIU. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share upon business combination completion.
The company focuses on sustainability sectors including energy transition, critical materials, circular economy, and agricultural technologies. EarlyBirdCapital is the sole book-running manager, with a 45-day option to purchase up to 1.5 million additional units. The offering is expected to close around December 5, 2024.