Local News
BHAV Acquisition Corp Completes $100 Million Initial Public Offering
BHAV Acquisition Corp. announced the closing of its initial public offering of 10,000,000 units at $10.00 per unit on March 20, 2026. The company intends to use the net proceeds to pursue a business combination.
BHAV Acquisition Corp. finalized its initial public offering on March 20, 2026. The offering consisted of 10,000,000 units priced at $10.00 each. Each unit includes one Class A ordinary share and one right to receive one-fourth of a Class A ordinary share upon the company's initial business combination. The units began trading on the Nasdaq Global Market under the ticker symbol "BHAVU" on March 19, 2026. The Class A ordinary shares and rights are expected to trade under the symbols "BHAV" and "BHAVR" respectively, once the securities start trading separately.
Key Facts
- BHAV Acquisition Corp. closed a $100 million initial public offering on March 20, 2026.
- The offering consisted of 10,000,000 units at a price of $10.00 per unit.
- Each unit contains one Class A ordinary share and one right to receive one-fourth of a Class A ordinary share.
- The units are trading on the Nasdaq Global Market under the ticker symbol "BHAVU.".
- The Class A ordinary shares and rights are expected to trade under the symbols "BHAV" and "BHAVR", respectively, when trading separately.
- Giri Devanur is the Chief Executive Officer and Director of BHAV.
- Chaitanya Kumar Setti is the Chief Financial Officer and Director.
- Maxim Group LLC was the sole book-running manager for the offering.