2026-03-20 21:21:29
BHAV Acquisition Corp Prices $100 Million IPO with 10 Million Units
Expected Stock impact: Slightly Positive
On March 18, 2026, BHAV Acquisition Corp announced the pricing of its initial public offering (IPO) of 10,000,000 units at an offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-fourth of one Class A ordinary share upon the completion of the company's initial business combination. The IPO is expected to generate gross proceeds of $100 million, which will be deposited into a trust account managed by Continental Stock Transfer & Trust Company. The units are set to trade on the Nasdaq Global Market under the ticker symbol 'BHAVU' starting March 19, 2026. The company has also granted the underwriter a 45-day option to purchase up to an additional 1,500,000 units to cover over-allotments. BHAV Acquisition Corp is a special purpose acquisition company (SPAC) formed to effect a merger or similar business combination with one or more businesses. The company is led by CEO Giri Devanur and CFO Chaitanya Kumar Setti. The successful pricing of the IPO indicates strong investor interest and positions the company for future growth as it seeks to identify and complete a business combination.
