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Tavia Acquisition: Fog Cutter becomes sponsor

Fog Cutter also assumed monthly operating-expense contributions to Tavia’s trust account, beginning with the contribution due for October 2026.

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Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Tavia Acquisition Corp. completed a sponsor handover on October 1, 2026: Fog Cutter Holdings, LLC acquired 2,243,333 ordinary shares and 249,107 private units from Tavia Sponsor Pte. Ltd. Fog Cutter reported beneficial ownership of 25.6% of Tavia’s ordinary shares. Fog Cutter reported an aggregate purchase price of $250,000 for its currently beneficially owned ordinary shares, plus the assumption of certain liabilities. Tavia Sponsor retained 1,500,000 ordinary shares and no private units after the transfer.

Fog Cutter assumed sponsor responsibilities, including funding monthly trust-account contributions for operating expenses beginning with the contribution due for October 2026. Andrew Wiederhorn was appointed chairman and CEO, and Kenneth Kuick was appointed CFO; Kanat Mynzhanov and Askar Mametov resigned as officers, and Mametov also resigned from the board. Tavia had 8,753,608 ordinary shares outstanding as of August 12, 2026, the figure used to calculate the reported ownership percentage.

Filing Explained

Fog Cutter has sole voting and disposition power over its stake, while unit rights can deliver shares only if a business combination is completed.

The sponsor handover was completed on October 1, 2026; the filing adds that Fog Cutter has sole power to vote and dispose of its 2,243,333 reported ordinary shares.

Each of the 249,107 transferred private units includes one ordinary share and a right to receive one-tenth of a share upon completion of an initial business combination, so that right is contingent on completion.

Ordinary shares acquired 2,243,333 shares Acquired by Fog Cutter in the sponsor handover
Private units acquired 249,107 units Acquired by Fog Cutter in the sponsor handover
Purchase price of currently beneficially owned ordinary shares $250,000 plus assumption of certain liabilities Reported by Fog Cutter
Beneficial ownership 25.6% Fog Cutter’s reported percentage of Tavia ordinary shares
Ordinary shares outstanding 8,753,608 shares As of August 12, 2026; used to calculate the reported ownership percentage
Ordinary shares retained by Tavia Sponsor 1,500,000 shares After the transfer
private units financial
"249,107 private units of the Issuer"
initial business combination financial
"upon the completion of an initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
beneficially owned financial
"aggregate number and percentage of Ordinary Shares beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Registration Rights Agreement technical
"assumed the obligations of the Sponsor under the Registration Rights Agreement"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many TAVI shares and private units did Fog Cutter acquire?

Fog Cutter acquired 2,243,333 ordinary shares and 249,107 private units from Tavia Sponsor Pte. Ltd. The transaction closed on October 1, 2026.

What does each TAVI private unit include?

Each private unit consists of one ordinary share and one right to receive one-tenth of one ordinary share upon completion of an initial business combination.

Which TAVI officers or directors resigned during the sponsor handover?

Kanat Mynzhanov and Askar Mametov resigned from their officer positions, and Askar Mametov also resigned from Tavia’s board.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





G86880104

(CUSIP Number)
Andrew A. Wiederhorn
Fog Cutter Holdings, LLC, 9606 Santa Monica Blvd., Suite 200
Beverly Hills, CA, 90210
(310) 818-3063

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/29/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


Fog Cutter Holdings, LLC
Signature:/s/ Andrew A. Wiederhorn
Name/Title:Andrew A. Wiederhorn
Date:10/06/2026

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