BHAV Acquisition Corp. (BHAVU) priced its SPAC IPO – 10 million units at $10.00 each – and raised $100 million on Wednesday night, March 18, 2026. BHAV Acquisition slipped in its NASDAQ debut today – Thursday, March 19, 2026 – opening at $9.96 – down 4 cents – on volume of about 1.35 million. Each unit consists of one share of stock and one right to receive one-fourth of a share upon consummation of an initial business combination.
Maxim Group served as the sole underwriter.
BHAV Acquisition’s target search will focus on these areas of interest – drones and unmanned aerial systems (UAS) as well as advanced and industrial robotics, electric vehicles (EVs) and the FinTech industry (financial technology), the prospectus said.
BHAV Acquisition, based in Piscataway, New Jersey, is led by CEO Giri Devanur and CFO Chaitanya Kumar Setti, according to the prospectus.
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