TAVI

#3953
Tavia Acquisition Corp. - Ordinary Shares
10.7 2 USD
0.00%
Market Price
Secteur: Financier
Base: USD
Devise de Profit: USD
Range quotidien
10.72
10.77
Range Annuel
10.50
11.91
Changement quotidien
0.00%
Changement Mensuel
+0.28%
Evolution sur 6 mois
+1.90%
Changement Annuel
+2.10%
Clôture Précédente
10.7 2
Open
10.7 7
Low
10.7 2
High
10.7 7
Volume
2
Afficher le graphique complet

Financials

Aperçu Relevé Statistiques Documents

2026

Current report, Q3 FY2026
Tavia Acquisition Corp. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Tavia Acquisition Corp. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Tavia Acquisition Corp. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Tavia Acquisition Corp. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Tavia Acquisition Corp. current report, Q1 FY2026
8-K

2025

Annual report, FY2025
Tavia Acquisition Corp. annual report, FY2025
10-K
Quarterly report, Q3 FY2025
Tavia Acquisition Corp. quarterly report, Q3 FY2025
10-Q
Quarterly report, Q2 FY2025
Tavia Acquisition Corp. quarterly report, Q2 FY2025
10-Q
Quarterly report, Q1 FY2025
Tavia Acquisition Corp. quarterly report, Q1 FY2025
10-Q
Current report, Q1 FY2025
Tavia Acquisition Corp. current report, Q1 FY2025
8-K

Tavia Acquisition Corp. quarterly report, Q1 FY2025

Full document

Tavia Acquisition Corp. (TAVI) - Q1 2025 10-Q Summary

Business Context and Reporting Period

Tavia Acquisition Corp. is a Cayman Islands-based special purpose acquisition company (SPAC) incorporated on March 7, 2024. The company is an emerging growth company and a shell company formed to effect a business combination with one or more target businesses, primarily in North America and Europe focused on energy transition, the circular economy, and food technologies. This report covers the quarter ended March 31, 2025. The company has not commenced any operations; all activity relates to formation, its Initial Public Offering (IPO) completed in December 2024, and the search for a target.

Key Financial Metrics

Metric Q1 2025 (Three Months Ended March 31) Period from Inception to March 31, 2024
Net Income (Loss) $974,311 $(40,541)
Operating Costs $241,391 $40,541
Interest Income (Trust Account) $1,215,702 $0
Cash (Operating) $655,630 $0
Trust Account Balance $117,142,639 N/A
Working Capital $(72,805) Deficit N/A
Total Liabilities $850,941 N/A

Debt and Liquidity: The company holds $500,000 in a promissory note from a related party and $131,684 in advances from a related party. As of March 31, 2025, the company reported a working capital deficit of $72,805. Management has determined that the liquidity condition raises substantial doubt about the company's ability to continue as a going concern beyond the combination period without a business combination.

Material Changes vs. Prior Period

  • Revenue Generation: The company generated $1,215,702 in interest income from the Trust Account in Q1 2025, compared to zero in the prior period (inception through March 31, 2024), as the IPO proceeds were not yet invested in the prior period.
  • Net Income: The company reported a net income of $974,311 for Q1 2025, reversing the net loss of $40,541 reported for the inception period in 2024.
  • Operating Expenses: General and administrative costs increased to $241,391 in Q1 2025 from $40,541 in the prior period, reflecting ongoing operational costs post-IPO.
  • Cash Position: Operating cash decreased from $913,659 at December 31, 2024, to $655,630 at March 31, 2025, due to operating cash outflows of $248,029.

Guidance, Outlook, and Risks

Outlook: The company has until June 5, 2026 (18 months from the IPO closing) to consummate a business combination. If no combination is completed, the company will liquidate and redeem public shares. Management intends to use funds outside the Trust Account for due diligence and transaction costs.

Risks and Contingencies:

  • Going Concern: Substantial doubt exists regarding the company's ability to continue as a going concern if a business combination is not completed.
  • Geopolitical Risks: The filing highlights risks from the Russia-Ukraine conflict, the Israel-Hamas conflict, and global tariff policies, which could disrupt capital markets and affect the search for a target.
  • Related Party Obligations: The company has a $10,000 monthly administrative fee agreement with the Sponsor and outstanding related-party debt totaling $631,684 ($500,000 promissory note + $131,684 advances).
  • Deferred Fees: Upon consummation of a business combination, the company owes EarlyBirdCapital, Inc. a fee equal to 3.5% of the gross IPO proceeds ($4,025,000) plus a potential 1.0% fee on total consideration if EBC introduces the target.

Investor Verification Checklist

  • Trust Account Yield: Verify the current interest rate on the $117.1 million held in U.S. Treasury securities and its impact on the redemption value per share (currently approx. $10.19).
  • Related Party Debt: Confirm the terms and repayment status of the $500,000 promissory note and $131,684 in advances from the Sponsor.
  • Going Concern Status: Assess the company's burn rate ($248k operating cash used in Q1) against the $655k operating cash balance to estimate runway without a deal.
  • Deferred Underwriting Fees: Note the potential $4.025 million fee payable to EBC upon a successful business combination, which will reduce net proceeds available to the combined entity.
  • Redemption Rights: Review the 15% redemption limit for public shareholders acting in concert and the waiver of redemption rights by the Sponsor and EBC.