SCHEDULE: Tenor Capital Discloses 5.1% Stake in Tavia Acquisition Corp.

Tenor Capital Management Company, L.P., along with Tenor Opportunity Master Fund, Ltd. and Robin Shah, reported a 5.1% passive ownership stake in Tavia Acquisition Corp.

Summary

• Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah collectively reported beneficial ownership of 805,173 ordinary shares of Tavia Acquisition Corp.
• This ownership represents 5.1% of Tavia Acquisition Corp.'s outstanding ordinary shares.
• The shares are held by Tenor Opportunity Master Fund, Ltd., with Tenor Capital Management Company, L.P. serving as its investment manager.
• Robin Shah is the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital, establishing a control relationship among the reporting persons.
• The beneficial ownership is passive, as certified by the reporting persons, indicating the shares were not acquired for the purpose of changing or influencing control of the issuer.
• The percentage of class is calculated based on 15,920,833 shares issued and outstanding as of August 14, 2025, as stated in the Issuer's 10-Q filing.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the sentiment towards the company, beyond confirming institutional interest.

Positives

• A significant institutional investor, Tenor Capital Management Company, L.P., has taken a passive 5.1% stake in Tavia Acquisition Corp., which can be interpreted as a vote of confidence in the company's long-term prospects.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Tavia Acquisition Corp.'s future performance or strategic direction.

Industry Context

The disclosure of a significant passive stake by an institutional investor like Tenor Capital Management in a Special Purpose Acquisition Company (SPAC) such as Tavia Acquisition Corp. is a common occurrence. Institutional investors often take positions in SPACs, either pre-deal or post-deal, as part of their broader investment strategies, signaling market interest in the SPAC's potential target or its current valuation.

Comparison to Industry Standards

• A 5.1% beneficial ownership stake is a common threshold that triggers Schedule 13G filing requirements for passive institutional investors, aligning with standard regulatory disclosures.
• The certification that the shares were not acquired for the purpose of changing or influencing control is typical for passive investment funds, distinguishing this from activist investor filings (Schedule 13D).

Stakeholder Impact

• Shareholders: The disclosure indicates a significant institutional investor has taken a passive stake, which may be viewed positively as a sign of confidence in the company.

Key Dates

Keywords

Tavia Acquisition Corp, Tenor Capital Management, Tenor Opportunity Master Fund, Robin Shah, Schedule 13G, Beneficial Ownership, Passive Investment, Ordinary Shares, Institutional Investor, SEC Filing