Tavia Acquisition reported no operating revenues for the year ended December 31, 2025, and recorded net income of $3.61 million largely driven by interest earned on funds held in its trust account and offset by general and administrative expenses. The company did not present an EPS figure for ordinary shares, noting redeemable shares are measured at redemption value and accretion was excluded. Tavia Acquisition continues to operate as a blank-check company focused on identifying and executing a business combination.
Financial Highlights
- Revenue: $0 — no operating revenues to date; interest income reported from trust account (not classified as operating revenue).
- Net Income: $3.61 million for the year ended December 31, 2025 (interest income from trust account offset by general and administrative expenses).
- Net Income Per Ordinary Share: EPS figure not provided; report notes accretion excluded and redeemable shares measured at redemption value.
Business Highlights
- IPO and Capital Raise: Completed initial public offering and overallotment, raising gross proceeds of $115 million to fund search for a target and company operations.
- Trust Account Investment: Approximately $120.8 million placed in a trust account, generating interest income that financed initial public-company costs.
- Operational Status: Remains a blank-check company with no operating revenues; activities have been limited to formation, SPAC readiness and pursuit of a business combination.
- Search and Transaction Activities: Primary operations centered on identifying, diligencing and structuring a business combination, including related travel, legal and advisory engagements.
- Public-Company Readiness: Increased public-company expenses and engagement with advisors to support shareholder outreach and transaction execution.
Original SEC Filing:
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