Tavia Acquisition sponsor handover: Fog Cutter's Andrew Wiederhorn becomes CEO; new board seated

Tavia Acquisition Corp.

Fog Cutter Holdings LLC bought 2,243,333 ordinary shares and 249,107 private units from Tavia Sponsor Pte. Ltd.; closing Oct 1, 2026; sponsor kept 1,500,000 shares.
Andrew Wiederhorn named Executive Chairman and CEO of the SPAC and Kenneth Kuick named CFO, both effective Oct 1, 2026.
New directors: Peter Feinstein and Donald Berchtold (Class I), Christopher DeWolfe and Matthew Green (Class II), effective Oct 2, 2026; Wiederhorn is Class III.
Departures: officers Kanat Mynzhanov and Askar Mametov and directors Christophe Charlier, Marsha Kutkevitch and Darrell Mays; company said no disagreements.
New Sponsor funds trust-account contributions of up to $60,000 per month from Oct 2026 plus SPAC operating expenses; about $100,000 remained outside the trust for working capital.

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