Tavia Acquisition (TAVI) issues $300,000 non-interest note to IPO underwriter
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Tavia Acquisition Corp. entered into a new financing arrangement by issuing a non-interest-bearing promissory note to EarlyBirdCapital, Inc. for up to $300,000. This note provides short-term funding to support the company while it seeks a business combination.
All amounts under the note become due on the earlier of completing a business combination or liquidating the IPO trust account. Any repayment can only come from funds held outside the trust; if those funds are insufficient, the note will not be repaid.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What material agreement did Tavia Acquisition Corp. (TAVI) enter on February 2, 2026?
Tavia Acquisition Corp. issued a promissory note to EarlyBirdCapital, Inc. on February 2, 2026. The note allows the company to borrow up to $300,000 to support its activities while it pursues a business combination.
What are the key terms of Tavia Acquisition Corp.’s new $300,000 promissory note?
The promissory note is non-interest bearing and permits borrowing up to $300,000. All outstanding amounts are due on the earlier of completing a business combination or liquidating the IPO trust account established in connection with Tavia Acquisition Corp.’s offering.
When must Tavia Acquisition Corp. repay the EarlyBirdCapital promissory note?
The company must repay all outstanding amounts on the earlier of consummating a business combination or liquidating the IPO trust account. This links repayment timing directly to whether Tavia Acquisition Corp. successfully completes a transaction or winds down.
From what sources can Tavia Acquisition Corp. repay the $300,000 promissory note?
Repayment may only come from funds held outside the IPO trust account. No proceeds from the trust account can be used, and if available outside funds are insufficient, the promissory note will not be repaid to EarlyBirdCapital.
Who is the lender under Tavia Acquisition Corp.’s new promissory note?
The lender is EarlyBirdCapital, Inc., which served as representative of the underwriters in Tavia Acquisition Corp.’s initial public offering. EarlyBirdCapital agreed through this note to provide up to $300,000 in non-interest-bearing financing.