# BHAV SPAC Closes $100M IPO

> BHAV Acquisition Corp II completes $100 million IPO with 10 million units trading on Nasdaq.
- Title: BHAV SPAC Closes $100M IPO · Financial Post | Shortify
- Summary: 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…
- Keywords: bhav acquisition corp ii, spac, nasdaq, initial public offering, bhaipu, bhaic, Financial Post
- Source: Financial Post — https://financialpost.com/globe-newswire/bhav-acquisition-corp-ii-announces-closing-of-100-million-initial-public-offering
- Author: GlobeNewswire
- Published: 2026-10-30T21:32:08+00:00
- Read time: 1 min
- Topics: bhav acquisition corp ii, spac, nasdaq, ip, initial public offering, bhaipu, bhaic, money, business
## 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.
## Key takeaway

BHAV Acquisition Corp II closed its $100 million initial public offering with 10 million units trading on Nasdaq under BHAIU.