Tavia Acquisition Corp. completes $100M IPO and over-allotment; auditor flags going concern

Tavia Acquisition Corp.

IPO of 10M units at $10/unit grossed $100M; private placement of 350K units at $10 grossed $3.5M.
Over-allotment fully exercised: 1.5M additional units at $10 generating $15M; total trust proceeds $100.5M.
Auditor Marcum issued going concern opinion citing lack of capital to fund operations for one year.
Working capital deficit of $202,614 as of December 5, 2024.
Sponsor committed to fund working capital needs until earlier of business combination or one year.

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