Tavia Acquisition Corp. Announces Full Exercise of Underwriters' Over-Allotment Option in Connection with its Initial Public Offering
Portfolio Pulse from
Tavia Acquisition Corp. announced the full exercise of underwriters' over-allotment option in its IPO, issuing an additional 1.5 million units at $10 each, totaling 11.5 million units and $115 million.
December 12, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tavia Acquisition Corp. successfully completed the full exercise of the underwriters' over-allotment option in its IPO, issuing an additional 1.5 million units at $10 per unit. This brings the total to 11.5 million units and $115 million raised.
The full exercise of the over-allotment option indicates strong demand for Tavia Acquisition Corp.'s IPO, which is a positive signal for the stock price. The additional capital raised can be used for future growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100