London, United Kingdom, July 13, 2026 (GLOBE NEWSWIRE) -- Tavia Acquisition Corp. (Nasdaq: TAVI) ("Tavia") and Vita Inclinata Technologies, Inc. ("Vita") today announced they have signed a Letter of Intent ("LOI") for a business combination that would result in Vita becoming a publicly traded company through a de-SPAC.
The proposed transaction values Vita at a pre-money enterprise value of $450 million, assuming Vita successfully completes its pending strategic acquisition within the defense and industrials market. The announcement reflects Vita's continued momentum and represents an important step in the company's evolution as it prepares for its next phase of growth.
In connection with executing the LOI, Tavia and Vita are engaged in a series of initial non-binding investment indications of from institutional investors and certain strategic partners. Firm commitments from those investors, as well as any other investors, would be announced concurrently with the signing of a definitive agreement.
Tavia expects to announce additional details regarding the proposed business combination when a definitive agreement is executed, which is expected within the next thirty days and with a closing anticipated in the fourth quarter of 2026.
Caleb Carr, Chief Executive Officer of Vita Inclinata Technologies, said:
"This is an important step for Vita and reflects the progress our team has made in building a differentiated business. We believe access to the public markets will strengthen our ability to invest in innovation, expand our portfolio of products and solutions, pursue new opportunities, and create long-term value for our customers and shareholders."
Kanat Mynzhanov, Chief Executive Officer / Chairman of Tavia Acquisition Corp., said:
"Vita has built a distinctive business with innovative products, disciplined execution, and a compelling vision for the future. We believe the company is well positioned for its next stage of growth, and we look forward to advancing this opportunity together."
About Vita Inclinata Technologies
Vita Inclinata Technologies develops innovative products and solutions designed to improve safety, precision, and operational performance in demanding environments. Through engineering expertise, operational excellence, and a customer-focused approach, the company continues to expand its portfolio while delivering meaningful value to customers.
About Tavia Acquisition Corp.
Tavia Acquisition Corp. (Nasdaq: TAVI) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.