BHAV Acquisition Corp II Announces Closing of $100 Million Initial Public Offering
Key Highlights
- ➤BHAV Acquisition Corp II raised $100 million through its IPO of 10,000,000 units
- ➤Sponsor purchased 225,000 private placement units for $2.25 million
- ➤$100.5 million deposited into trust account following IPO and private placement
- ➤BHAV will use proceeds to pursue an initial business combination
- ➤Units began Nasdaq trading October 29 under ticker BHAIU
Expert Statements
Giri Devanur, Chief Executive Officer and Director of BHAV Acquisition Corp II
“BHAV Acquisition Corp II is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.”
PISCATAWAY, N.J., Oct. 30, 2026 (GLOBE NEWSWIRE) -- BHAV Acquisition Corp II (the “Company” or “BHAV”) today announced the closing of its previously announced initial public offering of 10,000,000 units (the “Offering”) at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right. Each right entitles the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the Company’s initial business combination. The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “BHAIU” on October 29, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade on Nasdaq under the symbols “BHAI” and “BHAIR,” respectively.
Concurrently with the closing of the Offering, the Company closed on a private placement of 225,000 private placement units purchased by BHAV Partners II LLC, the Company’s sponsor, at a price of $10.00 per unit, resulting in gross proceeds of $2,250,000. The private placement units are identical to the units sold in the Offering, subject to limited exceptions described in the prospectus relating to the Offering. Of the proceeds received from the consummation of the Offering and concurrent private placement, an amount equal to $100,500,000 (or $10.05 per unit sold in the Offering) was deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee upon the closing of the Offering.
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