Tavia Acquisition Corp. Files S-1 for Blank Check Company

TL;DR

Tavia Acquisition Corp. (a SPAC) just filed its S-1, signaling a move towards an IPO for real estate/construction deals.

AI Summary

Tavia Acquisition Corp. filed an S-1 registration statement with the SEC on June 17, 2024. The company, incorporated in the Cayman Islands, is a "blank check" company (SIC code 6770) focused on real estate and construction. Its principal executive offices are located in Newark, Delaware.

Why It Matters

This S-1 filing indicates Tavia Acquisition Corp. is preparing to go public, likely to raise capital for a future acquisition in the real estate or construction sectors.

Risk Assessment

Risk Level: medium — As a blank check company (SPAC), Tavia Acquisition Corp. has no operating history or revenue, and its success depends entirely on identifying and completing a suitable acquisition.

Key Numbers

• 6770 — SIC Code (Identifies Tavia Acquisition Corp. as a 'Blank Checks' company, typically a SPAC.)

Key Players & Entities

• Tavia Acquisition Corp. (company) — Registrant
• 6770 (dollar_amount) — Standard Industrial Classification Code for Blank Checks
• June 17, 2024 (date) — Filing Date
• Cayman Islands (company) — Jurisdiction of Incorporation
• Newark, DE (company) — Location of Principal Executive Offices

FAQ

Key Financial Figures

• $175,000,000 —   JUNE  17, 2024 $175,000,000 Tavia Acquisition Corp. 17,500,000&
• $10.00 — ies. Each unit has an offering price of $10.00 and consists of one -half of one ordina
• $0.60 — ed share will pay an annual dividend of $0.60 per share, payable quarterly in cash or
• $11.50 — er at any time at a conversion price of $11.50 per share (as adjusted for share splits
• $14.00 — f our ordinary shares equals or exceeds $14.00 per share (as adjusted for share splits
• $100,000 — nt to permitted withdrawals (less up to $100,000 of interest to pay liquidation and diss
• $1.00 — by EBC or its designees), at a price of $1.00 per warrant for a total purchase price
• $4,500,000 — r warrant for a total purchase price of $4,500,000 in a private placement that will close
• $201,250,000 — f the private warrants, $175,000,000 or $201,250,000 if the underwriters’ over -allot
• $0.0001 — are to our preference shares, par value $0.0001 per share, that are being issued in thi
• $994 — Inc. for an aggregate purchase price of $994 in a private placement prior to this of
• $25,000 — to our sponsor for a purchase price of $25,000 in a private placement prior to this of
• $1,000,000 — irements, subject to an annual limit of $1,000,000, and / or to pay our taxes, if any; &
• $172 — se acquisition company that completed a $172 million initial public offering
• $8.98 — AQ for the Borealis ordinary shares was $8.98 on June 14, 2024. In September 

Filing Documents

• ea0206161-02.htm (S-1) — 2702KB
• ea020616102ex3-1_tavia.htm (EX-3.1) — 267KB
• ea020616102ex3-2_tavia.htm (EX-3.2) — 278KB
• ea020616102ex4-5_tavia.htm (EX-4.5) — 105KB
• ea020616102ex5-1_tavia.htm (EX-5.1) — 39KB
• ea020616102ex5-2_tavia.htm (EX-5.2) — 12KB
• ea020616102ex10-2_tavia.htm (EX-10.2) — 95KB
• ea020616102ex23-3_tavia.htm (EX-23.3) — 2KB
• ea020616102ex-fee_tavia.htm (EX-FILING FEES) — 45KB
• ex3-1_001.jpg (GRAPHIC) — 23KB
• ex3-1_002.jpg (GRAPHIC) — 34KB
• ex5-2_001.jpg (GRAPHIC) — 16KB
• 0001213900-24-053392.txt ( ) — 3645KB

Risk Factors

Risk Factors   30 Cautionary Note Regarding Forward-Looking Statements   64

Use of Proceeds

Use of Proceeds   65 Dividend Policy   69

Dilution

Dilution   70 Capitalization   72 Management’s Discussion and Analysis of Financial Condition and Results of Operations   73 Proposed Business   79 Management   101 Principal Shareholders   108 Certain Relationships and Related Party Transactions   110

Description of Securities

Description of Securities   113 United States Federal Income Tax Considerations   129

Underwriting

Underwriting   140 Legal Matters   149 Experts   149 Where You Can Find Additional Information   149 Index to Financial Statements   F-1 i Table of Contents SUMMARY This summary only highlights the more detailed information appearing elsewhere in this prospectus. As this is a summary, it does not contain all of the information that you should consider in making an investment decision. You should read this entire prospectus carefully, including the information under the section of this prospectus entitled “Risk Factors” and our financial statements and the related notes included elsewhere in this prospectus, before investing. Unless otherwise stated in this prospectus, or the context otherwise requires, references to: •          “amended and restated memorandum and articles of association” are to our memorandum and articles of association to be in effect upon completion of this offering; •          “Companies Act” are to the Companies Act (Revised) of the Cayman Islands as the same may be amended from time to time; •          “company,” “our company” “we,” “us” or “our” are to Tavia Acquisition Corp, a Cayman Islands exempted company; •          “convertible preferred shares” are to our preference shares, par value $0.0001 per share, that are being issued in this offering; •          “EBC founder shares” or “EBC Founder Shares” are to 200,000 ordinary shares that we issued to EarlyBirdCapital, Inc. for an aggregate purchase price o

View Full Filing

View this S-1 filing on SEC EDGAR