Item 4 — Purpose of Transaction
On September 29, 2026, the Issuer entered into a Purchase and Sponsor Handover Agreement (the "Purchase Agreement") with the Reporting Person and Tavia Sponsor Pte. Ltd., a Singapore company (the "Sponsor"), pursuant to which the Reporting Person agreed to purchase from the Sponsor an aggregate of (i) 2,243,333 Ordinary Shares and (ii) 249,107 private units of the Issuer, with each private unit consisting of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination (collectively, the "Transferred Interests"), and further agreed to assume certain responsibilities of the Sponsor with respect to the Issuer, as a result of which the Reporting Person would become the sponsor of the Issuer (the "Transaction"). The Purchase Agreement also contains customary representations, warranties and indemnities of the parties. The closing of the Transaction occurred on October 1, 2026 (the "Closing Date"). After giving effect to the sale and purchase of the Transferred Interests under the Purchase Agreement, the Sponsor retained 1,500,000 Ordinary Shares of the Issuer and no private units. In connection with the Transaction, the following changes occurred in the management of the Issuer: o Kanat Mynzhanov and Askar Mametov resigned from their positions as officers of the Issuer, and Askar Mametov resigned from the Board of Directors of the Issuer. o Andrew Wiederhorn was appointed to the Board of Directors of the Issuer and was named Chairman of the Board. Andrew Wiederhorn was appointed the Chief Executive Officer of the Issuer, and Kenneth Kuick was appointed the Chief Financial Officer of the Issuer. Pursuant to the Purchase Agreement, the Reporting Person also joined and assumed the obligations of the Sponsor under the Registration Rights Agreement, dated as of December 3, 2024, and the letter agreement, dated as of December 3, 2024, among the Issuer, the Sponsor and the Issuer's initial shareholders, officers and directors (other than the obligations under Sections 7 and 8 thereof, which the Reporting Person did not assume). In connection with the extension of the deadline by which the Issuer must complete its initial business combination, from and including the contribution due for the month of October 2026, the Reporting Person assumed responsibility for funding the monthly contributions to the Issuer's trust account for operating expenses. The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement, which is filed as Exhibit 1 hereto and incorporated herein by this reference. The Reporting Person acquired the Ordinary Shares reported herein for investment purposes. The Reporting Person intends to review its investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Ordinary Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate.