BHAV Acquisition completes $100 million IPO on NASDAQ

BHAV Acquisition Corp (NASDAQ: BHAVU) completed its initial public offering of 10 million units at $10.00 per unit, raising $100 million, according to a company statement.

Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-fourth of one Class A ordinary share upon completion of the company's initial business combination. The company deposited $10.00 per unit into a trust account with Continental Stock Transfer & Trust Company serving as trustee.

The units began trading on the Nasdaq Global Market under the ticker symbol "BHAVU" on March 19, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights will trade on Nasdaq under the symbols "BHAV" and "BHAVR," respectively.

BHAV is led by Giri Devanur as Chief Executive Officer and Director, and Chaitanya Kumar Setti as Chief Financial Officer and Director. The company intends to use the net proceeds to pursue and complete a business combination.

Maxim Group LLC served as the sole book-running manager for the offering. The company granted the underwriter a 45-day option to purchase up to 1.5 million additional units at the offering price minus the underwriting discount to cover over-allotments.

The U.S. Securities and Exchange Commission declared the registration statement on Form S-1 effective on March 18, 2026. BHAV Acquisition Corp is a special purpose acquisition company formed to effect a merger or similar business combination with one or more businesses.

You May Also Be Interested In

• Futurewave Acquisition prices $75M IPO on Nasdaq
• Triller Group acquires SPCX-linked treasury position after reverse split
• Fortrea names Jason Knoblauch as CFO, effective July 6