Tavia extends SPAC deadline to March 2027; 45% of shareholders redeem $76M

Filed June 5, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• high

  Shareholders approved extending the business combination deadline from June 5, 2026 to March 5, 2027, giving the SPAC nine more months to find a merger target. However, 7.2 million shares (45% of outstanding) were redeemed at $10.66 per share for $76.4 million total.

  Item 5.07: Shareholder Vote verify on EDGAR →
• high

  Trust account balance dropped to $46.2 million with only 8.8 million shares remaining outstanding after redemptions. This significantly reduces the capital available for a potential business combination and increases per-share dilution risk.

  Item 5.07: Trust Account verify on EDGAR →
• medium

  Tavia borrowed up to $540,000 from its sponsor via interest-free promissory note to fund $60,000 monthly contributions to the trust account during the extension period. Note is repayable only upon closing a deal or liquidation, and only from funds outside the trust.

  Item 1.01: Promissory Note verify on EDGAR →