Tavia Acquisition, a blank check company targeting energy transition, the circular economy, and food tech, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Tavia Acquisition is led by CEO and Chairman Kanat Mynzhanov, the founder and former CIO of Bellprescot Asset Management, and CFO and Director Askar Mametov, Director of private Kazakh oil and gas exploration company Kaznedraproject and former CFO of KM Gold. The SPAC plans to target businesses in North America and Europe, focusing on those in new energy, circular economy initiatives, and innovative agricultural and food technologies.
Tavia Acquisition plans to list on the Nasdaq under the symbol TAVIU. EarlyBirdCapital acted as sole bookrunner on the deal.
