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

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

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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.

Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on the Nasdaq Global Market under the symbols "TAVI" and "TAVIR," respectively.EarlyBirdCapital, Inc.served as the sole book-running manager of the offering.

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.