Tavia Acquisition Corp.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-14.
0001213900-25-076340
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-09-30; filed 2025-11-12.
0001213900-25-109367
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 38 previous paragraphs and 38 current paragraphs.
27 unchanged; 10 reworded; 0 added; 1 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Removed paragraphs (1)
Previous report
Ordinary Shares Subject to Redemption
Reworded paragraphs (10)
Previous wording
For the three months ended June 30, 2025, we had net income of $645,820, which consisted of interest earned on marketable securities held in Trust Account of $1,221,289, offset by general and administrative costs of $575,469.
Current wording
For the three months ended September 30, 2025, we had net income of $1,012,606, which consisted of interest earned on marketable securities held in Trust Account of $1,236,605, offset by general and administrative costs of $223,999.
Previous wording
For the six months ended June 30, 2025, we had net income of $1,620,131, which consisted of interest earned on marketable securities held in Trust Account of $2,436,991, offset by general and administrative costs of $816,860.
Current wording
For the nine months ended September 30, 2025, we had net income of $2,632,737, which consisted of interest earned on marketable securities held in Trust Account of $3,673,596, offset by general and administrative costs of $1,040,859.
Previous wording
For the three months ended June 30, 2024, we had net loss of $44,679, which consisted of general and administrative costs.
Current wording
For the three months ended September 30, 2024, we had net loss of $76,777, which consisted of general and administrative costs.
Previous wording
For the period from March 7, 2024 (Inception) through June 30, 2024, we had net loss of $85,220, which consisted of general and administrative costs.
Current wording
For the period from March 7, 2024 (Inception) through September 30, 2024, we had net loss of $161,997, which consisted of general and administrative costs.
Previous wording
Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 350,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor and EarlyBirdCapital, Inc., the representative of the underwriters in the Initial Public Offering, generating gross proceeds of $3,500,000.
Current wording
Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 350,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor and EBC, generating gross proceeds of $3,500,000.
Previous wording
For the six months ended June 30, 2025, cash used in operating activities was $431,833. Net income of $1,620,131 was a result of interest earned on marketable securities held in the Trust Account of $2,436,991. Changes in operating assets and liabilities provided $385,027 of cash for operating activities.
Current wording
For the nine months ended September 30, 2025, cash used in operating activities was $545,562. Net income of $2,632,737 was a result of interest earned on marketable securities held in the Trust Account of $3,673,596. Changes in operating assets and liabilities provided $495,297 of cash for operating activities.
Previous wording
For the period from March 7, 2024 (Inception) through June 30, 2024, cash used in operating activities was $0. Net loss of $85,220 was a result of payment of formation costs through issuance of founder shares of $5,000, payment of formation costs through promissory note of $3,027 and payment of operation costs through promissory note of $61,099. Changes in operating assets and liabilities provided $16,094 of cash for operating activities.
Current wording
For the period from March 7, 2024 (Inception) through September 30, 2024, cash used in operating activities was $0. Net loss of $161,997 was a result of payment of formation costs through issuance of founder shares of $8,027 and payment of operation costs through promissory note of $123,103. Changes in operating assets and liabilities provided $30,867 of cash for operating activities.
Previous wording
As of June 30, 2025, we had marketable securities held in the Trust Account of $118,363,928 (including approximately $2,788,928 of interest income). We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account, which interest shall be net of taxes payable and excluding deferred underwriting commissions, to complete our Business Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
As of September 30, 2025, we had marketable securities held in the Trust Account of $119,600,533 (including approximately $4,025,533 of interest income). We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account, which interest shall be net of taxes payable and excluding deferred underwriting commissions, to complete our Business Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
As of June 30, 2025, we had cash of $471,826 and working capital deficit of $648,274. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination.
Current wording
As of September 30, 2025, we had cash of $358,097 and working capital deficit of $872,273. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination.
Previous wording
We do not believe we will need to raise additional funds in order to meet the expenditures required for operating our business for at least the next 12 months. However, if our estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our Business Combination. Moreover, we may need to obtain additional financing either to complete our Business Combination or because we become obligated to redeem a significant number of our public shares upon completion of our Business Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination.
Current wording
We believe we will need to raise additional funds in order to meet the expenditures required for operating our business for at least the next 12 months. Moreover, we may need to obtain additional financing either to complete our Business Combination or because we become obligated to redeem a significant number of our public shares upon completion of our Business Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
Ordinary Shares Subject to Possible Redemption