BHAV · BHAV Acquisition Corp Class A Ordinary Shares

Summary

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

• Completed IPO of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000 on March 20, 2026.
• Completed private placement of 200,000 units at $10.00 per unit, generating gross proceeds of $2,000,000 on March 20, 2026.
• $100,000,000 of the total offering proceeds were placed in a trust account with Continental Stock Transfer & Trust Company as trustee.
• The 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.
• The 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.
• The company's auditor is WithumSmith+Brown, PC, which issued an unqualified opinion on the balance sheet.