The BHAV IPO closed on October 30, 2026, raising $100 million for blank-check company BHAV Acquisition Corp II. Its units began trading on the Nasdaq Global Market a day earlier under the symbol BHAIU.

Key Takeaways

  • BHAV sold 10 million units at $10 each and deposited $100.5 million in a trust account.
  • Each unit contains one Class A ordinary share and a right to one-quarter of a share upon completion of an initial business combination.

BHAV IPO unit and trading terms

The units combine a Class A ordinary share with one right. Each right entitles its holder to receive one-quarter of a Class A share when BHAV completes its initial business combination.

When the components begin trading separately, the shares and rights are expected to trade on Nasdaq under BHAI and BHAIR, respectively. Separate trading had not been announced as completed.

Sponsor purchase and use of proceeds

The earlier SEC filing’s disclosures on the sponsor and private placement units precede the transaction completed alongside the IPO: BHAV Partners II LLC bought 225,000 private placement units at $10 each, generating $2.25 million in gross proceeds.

BHAV placed $100.5 million from the offering and concurrent private placement in a trust account, equivalent to $10.05 per public unit. Continental Stock Transfer & Trust Company is the trustee.

BHAV is a special purpose acquisition company formed to combine with one or more businesses. It intends to use net proceeds from the offering and private placement to pursue and complete a business combination.

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

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.