Tavia Acquisition Corp. is a SPAC — a blank check company with no operations, no revenue, and no identified acquisition target. Tavia raised ~$115M in its IPO in December 2024, with ~$120.8M held in a trust account invested in U.S. Treasuries. Tavia's stated focus is on targets in North America and Europe across three areas: new energy and energy transition (critical materials, EV battery supply chains, renewable infrastructure), circular economy (recycling, sustainable packaging, biobased materials), and food and agriculture technology (alternative proteins, fermentation, cellular agriculture). Tavia must complete a business combination within 18 months of its IPO closing or liquidate and return funds to public shareholders at ~$10.05 per share. The sponsor, Tavia Sponsor PTE. LTD., receives a founder equity stake in the combined company at nominal cost — that stake is worth something only if a deal closes and creates value; otherwise, it becomes worthless. Tavia is led by Kanat Mynzhanov (Chairman and CEO) and Askar Mametov (CFO), who previously worked together at Oxus, a SPAC that completed a $172M IPO in 2021 and merged with Borealis Foods in 2024. Tavia expects to source acquisition targets through management's personal networks, investment banks, private equity firms, and other financial intermediaries.
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