From Seoul to Wall Street: Harvard Avenue Acquisition (HAVAU) cut its IPO’s size this afternoon to 14.5 million units – down from 18 million units in the prospectus – and priced the deal at $10.00 per unit – as expected – to raise $145 million tonight (Wednesday, Oct. 22, 2025). Each unit consists of one share of stock and one right to receive one-tenth (1/10) of a share upon the consummation of an initial business combination.
Harvard Avenue Acquisition opened flat at $10.00 at 10:21 a.m. EDT on Thursday, Oct. 23, 2025, on the NASDAQ on volume of about 1.08 million. At Thursday’s closing bell, Harvard Avenue Acquisition (HAVAU) was down 2 cents at $9.98 on volume of about 5.27 million for its first day of NASDAQ trading.
D. Boral Capital was the sole book-runner.
Harvard Avenue Acquisition, based in Seoul, South Korea, has not selected a sector or a geographic region of interest.
CEO Sung Hyuk Lee and CFO Hoon Ji Choi are based in Seoul. Lee is the CEO of the Seoul office of Plutus Partners Co., Ltd., while Choi is a managing director in that office.
Plutus Partners is a private equity and high-value-asset brokerage firm based in Tampa, Florida.
The pricing of Harvard Avenue Acquisition ‘s IPO brings the SPAC IPO count to 106 so far in 2025.
Along the way to the IPO’s pricing, Harvard Avenue Acquisition cut the deal’s size twice – first to 18 million units – down from 25 million in the original terms – and then today’s cut to 14.5 million units from 18 million.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.