Tavia Acquisition Corp.

Tavia Acquisition Corp. (TAVI) and Vita Inclinata Technologies, Inc. announced they have signed a Letter of Intent for a business combination. This proposed de-SPAC transaction would result in Vita becoming a publicly traded company, valued at a pre-money enterprise value of $450 million, assuming Vita completes a strategic acquisition. A definitive agreement is expected within 30 days, with closing anticipated in the fourth quarter of 2026.

Tavia Acquisition Corp. shareholders approved an amendment to extend the deadline for its initial business combination from June 5, 2026, to March 5, 2027. In connection with this extension, public shareholders redeemed 7,167,225 ordinary shares for approximately $76.4 million, leaving approximately $46.2 million in the Trust Account. The company also issued an unsecured promissory note for up to $540,000 to its sponsor to fund monthly contributions to the Trust Account.

Tavia Acquisition Corp. is holding an Extraordinary General Meeting on June 2, 2026, to seek shareholder approval for a nine-month extension to complete its initial business combination, moving the deadline from June 5, 2026, to March 5, 2027. The company is currently in serious discussions with a potential target but needs more time. Public shareholders have the option to redeem their shares for an estimated $10.59 per share. If the extension is approved, the sponsor will make monthly contributions to the trust account, and the company will reduce the amount of interest it can withdraw for liquidation expenses.

Tavia Acquisition Corp. reported a net income of $821,709 for the three months ended March 31, 2026, a decrease from $974,311 in the prior year period. The company's Trust Account held $121,816,078 as of March 31, 2026. Management has identified substantial doubt about the company's ability to continue as a going concern due to its liquidity and the mandatory liquidation if a business combination is not completed by June 5, 2026.