From Financial Post · GlobeNewswire · · 1m 10s
BHAV SPAC Closes $100M IPO
BHAV Acquisition Corp II completes $100 million IPO with 10 million units trading on Nasdaq.
In brief
BHAV Acquisition Corp II completes $100 million IPO with 10 million units trading on Nasdaq. BHAV Acquisition Corp II closed its $100 million initial public offering with 10 million units trading on Nasdaq under BHAIU. Originally reported by Financial Post.
IPO Closing
BHAV Acquisition Corp II announced closing of $100 million initial public offering with 10 million units at $10.00 per unit.
Unit Structure
Each unit includes one Class A share and one right, with each right entitling holder to one-fourth of a Class A share upon business combination.
Trading Details
Units began trading on Nasdaq under BHAIU on October 29, 2026, with Class A shares and rights expected to trade separately under BHAI and BHAIR.
Private Placement
BHAV Partners II LLC purchased 225,000 private placement units at $10.00 per unit, generating $2,250,000 in gross proceeds.
Trust Account
$100,500,000 deposited into trust account with Continental Stock Transfer & Trust Company as trustee.
Use of Proceeds
Company plans to use net proceeds to pursue and consummate a business combination with target business.
Leadership
Giri Devanur serves as CEO and Director, with Chaitanya Kumar Setti as CFO and Director.
At a glance
BHAV Acquisition Corp II closed its $100 million initial public offering with 10 million units trading on Nasdaq under BHAIU.
