Traders may monitor BHAVU for early SPAC trading patterns and potential target announcements; consider over-allotment impact if exercised. Watch for future filings related to business combination targets.
Price Chart
Executive Summary
BHAV Acquisition Corp, a SPAC led by Giri Devanur and Chaitanya Kumar Setti, has priced its initial public offering of 10 million units at $10.00 per unit, raising $100 million. Each unit consists of one Class A share and one right (exercisable for 1/4 share upon business combination), with proceeds deposited into trust. The units will trade on Nasdaq under 'BHAVU' starting March 19, 2026.
Key Financial Metrics
Key Facts
- BHAV priced IPO at 10,000,000 units at $10.00 per unit, raising $100 million
- Each unit includes one Class A ordinary share and one right (1/4 share upon business combination)
- Proceeds deposited into trust at $10.00 per unit with Continental Stock Transfer & Trust Company
- Units to trade under ticker BHAVU on Nasdaq starting March 19, 2026
- Underlying shares and rights to trade separately under BHAV and BHAVR post-combination
- Maxim Group LLC is sole book-running manager; 45-day over-allotment option for up to 1,500,000 additional units
- Offering expected to close on March 20, 2026, subject to customary conditions
- Company is a SPAC formed to complete a business combination; no target identified yet
Financial Impact
$100 million raised, with potential for additional $15 million via over-allotment
Risk Factors
- No assurance the offering will close or that a business combination will be completed
- SPACs carry high uncertainty and risk of dilution post-combination
- Trust structure means investor returns depend entirely on future acquisition quality
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3258694 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 14, 2026 27w ago | 8-K | $10.00 $10.05 | ▲ +0.50% | ▼ −5.80% | $10.22 (+2.20%) |
Mar 20, 2026 31w ago | Press Release | $9.96 $10.04 | ▲ +0.80% | ▼ −6.62% | $10.22 (+2.61%) |
Mar 18, 2026 31w ago | Press Release | $9.96 $10.12 | ▲ +1.61% | ▼ −6.01% | $10.22 (+2.61%) |
US Market Status
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