Tavia Acquisition Corp. Closes $100 Million IPO
Deal News | Dec 06, 2024 | EIN
Tavia Acquisition Corp., a special purpose acquisition company (SPAC) focusing on sustainability and innovation-oriented sectors such as energy transition, circular economy, and innovative agricultural technologies, has successfully closed its initial public offering (IPO), raising a total of $100 million. The IPO consisted of 10,000,000 units priced at $10 each, with each unit comprising one ordinary share and one right. These securities began trading on the Nasdaq Global Market under the symbol TAVIU, and the ordinary shares and rights will trade under TAVI and TAVIR, respectively, once they are separated. EarlyBirdCapital, Inc. acted as the sole book-running manager for the offering. The SPAC is led by CEO Kanat Mynzhanov and CFO Askar Mametov, with a board including directors Christophe Charlier, Darrell Mays, and Marsha Kutkevich, highlighting a team with significant expertise in investing and deal sourcing. Tavia intends to focus its acquisition search on entities in North America and Europe that are pivotal to addressing environmental challenges and supporting the transition to sustainable practices.
Sectors
- Financial Services
- Sustainability and Innovation
- Agricultural Technology
Geography
- United Kingdom – The article is set in London, where Tavia Acquisition Corp. is reported to have closed its IPO.
- North America and Europe – Tavia Acquisition Corp. intends to focus its acquisition efforts primarily on targets in these regions.
Industry
- Financial Services – The article centers around a SPAC, Tavia Acquisition Corp., that operates within financial markets to facilitate mergers and business combinations.
- Sustainability and Innovation – Tavia is focused on investing in sectors aimed at advancing sustainability, such as energy transition and the circular economy.
- Agricultural Technology – The company seeks to invest in innovative agricultural and food technologies that are critical to sustainable practices.
Financials
- $100,000,000 – The total gross proceeds raised from the initial public offering by Tavia Acquisition Corp.
- $10.00 per unit – The price per unit offered in the IPO by Tavia Acquisition Corp.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tavia Acquisition Corp. | Issuer | Company | A blank check company specializing in merging or acquiring businesses, with a focus on sustainability sectors. |
| EarlyBirdCapital, Inc. | Book-running manager | Company | An investment firm managing the IPO process for Tavia Acquisition Corp. |
| Kanat Mynzhanov | Chief Executive Officer | Person | CEO of Tavia Acquisition Corp., leading the company's business strategies. |
| Askar Mametov | Chief Financial Officer | Person | CFO of Tavia Acquisition Corp., responsible for financial oversight and strategy. |
| Christophe Charlier | Independent Director | Person | An independent director on the board of Tavia Acquisition Corp. |
| Darrell Mays | Independent Director | Person | An independent director on the board of Tavia Acquisition Corp. |
| Marsha Kutkevich | Independent Director | Person | An independent director on the board of Tavia Acquisition Corp. |