Deal terms and structure
BHAV Acquisition Corp has priced its initial public offering at $10 per unit, selling 10 million units for gross proceeds of $100 million. Each unit is made up of one Class A ordinary share and one right. According to the company, each right will entitle its holder to receive one-fourth of one Class A ordinary share when BHAV completes its initial business combination.
Trust account and listing timetable
The company will deposit $10 from each unit into a trust account, with Continental Stock Transfer & Trust Company named as trustee. BHAV’s units are scheduled to begin trading on the Nasdaq Global Market under the symbol "BHAVU" on March 19, 2026. The filing states that when the units begin separate trading, the Class A ordinary shares and the rights are expected to trade under the symbols "BHAV" and "BHAVR," respectively.
Management and underwriting
Giri Devanur is identified as Chief Executive Officer and a director of the company. Chaitanya Kumar Setti is listed as Chief Financial Officer and a director. Maxim Group LLC is serving as the sole book-running manager for the offering. The company has granted the underwriter a 45-day option to buy up to 1.5 million additional units at the initial offering price less the underwriting discount to cover over-allotments.
Regulatory and closing details
The Securities and Exchange Commission declared the registration statement on Form S-1 effective on March 18, 2026. The offering is expected to close on March 20, 2026, subject to customary closing conditions.
Purpose and corporate focus
BHAV Acquisition Corp is a special purpose acquisition company formed to pursue a merger, share exchange, asset acquisition or a similar type of business combination with one or more businesses. The company will hold the deposited proceeds in trust pending the completion of such a transaction.
Investment product note included with the release
The release also included promotional material describing an investment research product that combines institutional-grade data with AI-powered insights. That material stated the product will not guarantee winners but is intended to help users identify investment opportunities. It referenced an AI assistant named WarrenAI as a way to explore leading investments in 2026.