The BHAV IPO was priced at $100 million on October 28, 2026, with blank-check company BHAV Acquisition Corp II offering 10 million units at $10 each. The units are expected to begin trading on the Nasdaq Global Market on October 29 under the symbol BHAIU.

Key Takeaways

  • Each unit contains one Class A ordinary share and one right tied to a future business combination.
  • The offering is expected to close on October 30, subject to customary conditions.

BHAV IPO unit and trading terms

Each right entitles its holder to receive one-quarter of a Class A ordinary share when BHAV completes its initial business combination. Once the unit components begin trading separately, the shares and rights are expected to trade under the symbols BHAI and BHAIR, respectively.

Maxim Group is the sole book-running manager. It has a 45-day option to purchase up to 1.5 million additional units at the offering price less the underwriting discount to cover any over-allotments.

ItemDetails
Initial offering10 million units at $10 each
Expected unit tradingOctober 29, 2026, on Nasdaq under BHAIU
Expected closingOctober 30, 2026, subject to customary conditions

Purpose and offering status

BHAV is a special purpose acquisition company, or SPAC, formed to combine with one or more businesses. Its preliminary prospectus describes the planned business-combination structure.

The company said its registration statement was declared effective by the Securities and Exchange Commission on October 28. Giri Devanur is chief executive officer and a director, while Chaitanya Kumar Setti is chief financial officer and a director.

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