Tavia Acquisition entered into a non-interest-bearing promissory note with its sponsor to provide up to $540,000 to fund monthly trust account contributions during the extension period. The note supports contributions of up to $60,000 per month and becomes payable upon the earlier of completing a business combination or the company's winding up. If no business combination occurs, repayment will be made only from funds outside the trust account, if available. The note includes customary default provisions.
Agreement details:
- Agreement type: Unsecured promissory note (non-interest-bearing) up to $540,000
- Counterparty: Tavia Sponsor
- Signed / Effective: Jun 05 2026 / Jun 05 2026
- Duration / Termination: Until business combination or winding up
- Reason: Fund monthly trust account contributions during extension
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.