8-K - BHAV Acquisition Corp | StockGist

AI Analysis

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BHAV Acquisition Corp disclosed the completion of its initial public offering and concurrent private placement on March 20, 2026, raising total gross proceeds of $102,000,000, with $100,000,000 placed into a trust account for a future business combination. The company also filed an audited balance sheet as of March 20, 2026, reflecting the receipt of these proceeds.

Key Takeaways

1Completed IPO of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000 on March 20, 2026.

2Completed private placement of 200,000 units at $10.00 per unit, generating gross proceeds of $2,000,000 on March 20, 2026.

3$100,000,000 of the total offering proceeds were placed in a trust account with Continental Stock Transfer & Trust Company as trustee.

4The company's audited balance sheet as of March 20, 2026, shows total assets of $101,085,982, including $100,000,000 in the trust account.

5The company is a blank check company formed to effect a business combination, with an initial focus on advanced and industrial robotics, EVs, drones/UAS, or fintech industries.

6The company's auditor is WithumSmith+Brown, PC, which issued an unqualified opinion on the balance sheet.

Current Report Details

Event Type

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

8.01

Other Events. As previously reported, on March 20, 2026, BHAV Acquisition Corp (the “Company”) consummated its initial public offering (“IPO”) of 10,000,000 uni

Other Event

$10.00$100.0M$10.00$2.0M

9.01

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibits 99.1 Audited Balance Sheet as of March 20, 2026. 104 Cover Page Interactive

Exhibits Only

Source Document

Exhibits (2)

8-K

CURRENT REPORT

99.1

AUDITED BALANCE SHEET AS OF MARCH 20, 2026