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Stock impact report

Tavia Acquisition Corp. Announces Full Exercise of Underwriters’ Over-Allotment Option in Connection with its Initial Public Offering

Tavia Acquisition Corp. (TAVIU) 
Company Research Source: GlobeNewswire
London, United Kingdom, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Tavia Acquisition Corp. (the “Company”) announced that the underwriters of its previously announced initial public offering of units have fully exercised their over-allotment option yesterday, resulting in the issuance of an additional 1,500,000 units at a public offering price of $10.00 per unit. After giving effect to the exercise of the option, an aggregate of 11,500,000 units have been issued in the initial public offering at an aggregate offering price of $115,000,000. 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 b Show less Read more
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