Tavia Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering
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.
Tavia Acquisition Corp ha annunciato il prezzo della sua offerta pubblica iniziale di 10.000.000 di unità a 10,00 dollari per unità, per un totale di 100 milioni di dollari. Le quotazioni inizieranno il 4 dicembre 2024, sul Nasdaq Global Market con il simbolo TAVIU. Ogni unità comprende un'azione ordinaria e un diritto di ricevere un decimo di un'azione ordinaria al termine della fusione aziendale.
La società si concentra su settori sostenibili tra cui la transizione energetica, materiali critici, economia circolare e tecnologie agricole. EarlyBirdCapital è il solo gestore dell'offerta, con un'opzione di 45 giorni per acquistare fino a 1,5 milioni di unità aggiuntive. Si prevede che l'offerta si chiuda intorno al 5 dicembre 2024.
Tavia Acquisition Corp ha anunciado el precio de su oferta pública inicial de 10.000.000 de unidades a 10,00 dólares por unidad, totalizando 100 millones de dólares. La negociación comenzará el 4 de diciembre de 2024, en el Nasdaq Global Market bajo el símbolo TAVIU. Cada unidad incluye una acción ordinaria y un derecho a recibir una décima parte de una acción ordinaria al finalizar la combinación de negocios.
La compañía se enfoca en sectores de sostenibilidad, incluyendo la transición energética, materiales críticos, economía circular y tecnologías agrícolas. EarlyBirdCapital es el único administrador de la oferta, con una opción de 45 días para comprar hasta 1,5 millones de unidades adicionales. Se espera que la oferta cierre alrededor del 5 de diciembre de 2024.
Tavia Acquisition Corp는 10,000,000개의 주식을 주당 10.00달러로 가격을 책정한 상장 초기 공모를 발표했습니다. 총액은 1억 달러입니다. 거래는 2024년 12월 4일에 시작되며, 나스닥 글로벌 마켓에서 TAVIU 기호 아래 거래됩니다. 각 단위에는 보통주 1주와 비즈니스 조합 완료 시 보통주 1개의 10분의 1을 받을 수 있는 권리가 포함됩니다.
회사는 에너지 전환, 필수 자재, 순환 경제 및 농업 기술을 포함한 지속 가능성 분야에 집중하고 있습니다. EarlyBirdCapital은 유일한 북런닝 매니저로, 추가로 최대 150만 개의 단위를 구매할 수 있는 45일 옵션을 보유하고 있습니다. 제안은 2024년 12월 5일경에 마감될 것으로 예상됩니다.
Tavia Acquisition Corp a annoncé le prix de son introduction en bourse initiale de 10 000 000 d'unités à 10,00 $ par unité, soit un total de 100 millions de dollars. Les échanges commenceront le 4 décembre 2024 sur le Nasdaq Global Market sous le symbole TAVIU. Chaque unité comprend une action ordinaire et un droit de recevoir un dixième d'une action ordinaire lors de l'achèvement de la combinaison d'affaires.
L'entreprise se concentre sur les secteurs de la durabilité, y compris la transition énergétique, les matériaux critiques, l'économie circulaire et les technologies agricoles. EarlyBirdCapital est le seul gestionnaire de livre, avec une option de 45 jours pour acheter jusqu'à 1,5 million d'unités supplémentaires. La clôture de l'offre est prévue autour du 5 décembre 2024.
Tavia Acquisition Corp hat die Preisgestaltung ihres Börsengangs von 10.000.000 Einheiten zu einem Preis von 10,00 USD pro Einheit, insgesamt also 100 Millionen USD, bekannt gegeben. Der Handel beginnt am 4. Dezember 2024 an der Nasdaq Global Market unter dem Symbol TAVIU. Jede Einheit umfasst eine Stammaktie und ein Recht, ein Zehntel einer Stammaktie nach Abschluss der Geschäftskombination zu erhalten.
Das Unternehmen konzentriert sich auf Nachhaltigkeitssektoren, einschließlich Energiewende, kritische Materialien, Kreislaufwirtschaft und Agrartechnologien. EarlyBirdCapital ist der alleinige Bookrunner mit einer 45-tägigen Option zum Kauf von bis zu 1,5 Millionen zusätzlichen Einheiten. Der Abschluss der Platzierung wird für den 5. Dezember 2024 erwartet.
- IPO raising $100 million through 10 million units
- Strategic focus on high-growth sustainability sectors
- Nasdaq Global Market listing providing enhanced visibility
- Additional 1.5 million unit over-allotment option available
- Potential shareholder dilution from rights conversion
- No established business operations yet as a blank check company
- Investment risk as success depends on future business combination
Insights
This IPO launch represents a significant development in the SPAC market, with Tavia Acquisition Corp. raising
The company's focus on sustainability sectors including energy transition, critical materials and agricultural technology positions it well in current market trends. The listing on Nasdaq Global Market provides good liquidity and visibility for investors. The SPAC's success will ultimately depend on its ability to identify and complete a business combination in these targeted sectors.
The timing of this SPAC IPO is notable as it enters a market that has seen reduced SPAC activity compared to the 2020-2021 boom period. The focus on sustainability and innovation sectors aligns with growing investor interest in ESG and clean technology investments. The involvement of EarlyBirdCapital as the sole book-runner is significant, given their track record in SPAC transactions.
The unit structure provides investors with potential upside through the rights component while maintaining standard investor protections. The trading symbols TAVIU, TAVI and TAVIR will help track the different components once they begin separate trading, offering flexibility for various investment strategies.
London, United Kingdom, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Tavia Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering of 10,000,000 units, at a price of
The Company is strategically focused on sectors pivotal to advancing sustainability and innovation, including energy transition and critical materials, circular economy initiatives, and innovative agricultural and food technologies.
Each unit consists of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on the Nasdaq Global Market under the symbols “TAVI” and “TAVIR,” respectively.
EarlyBirdCapital, Inc. is serving as the sole book-running manager of the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.
The offering is expected to close on or about December 5, 2024, subject to customary closing conditions.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission (the “SEC”) on December 3, 2024. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting EarlyBirdCapital, Inc. at 366 Madison Avenue, 8th Floor, New York, New York 10017, Attention: Syndicate Department, by telephone at 212-661-0200.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Tavia Acquisition Corp.
Tavia Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. The Company is led by Chief Executive Officer Kanat Mynzhanov and Chief Financial Officer Askar Mametov, along with independent directors, Christophe Charlier, Darrell Mays, and Marsha Kutkevich. The Company’s team brings substantial expertise in deal sourcing, investing, and operations. The Company may pursue a business combination with a target in any industry or geographic location it chooses, although it intends to primarily direct its attention on target businesses in North America and Europe focused on energy transition, the circular economy, and food technologies. The Company believes these areas are critical to addressing environmental challenges, demographic shifts, and the transition towards sustainable practices.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the initial public offering and the anticipated use of the proceeds thereof, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the registration statement and preliminary prospectus for the Company’s initial public offering. Copies of these documents can be accessed through the SEC’s website at www.sec.gov. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Media Contact:
Tavia Acquisition Corp.
info@tavia.co
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