I'm LongbridgeAI, I can summarize articles.BHAV Acquisition Corp has priced its IPO at $10.00 per unit, offering 10 million units. Each unit includes one Class A ordinary share and one right, with rights entitling holders to receive one-fourth of a Class A share upon the company's initial business combination. The units will trade on Nasdaq under the symbol BHAVU starting March 19, 2026, with the offering expected to close on March 20, 2026. Maxim Group LLC is the sole book-running manager, and the underwriter has a 45-day option for additional units.
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BHAV Acquisition Corp announced the pricing of its initial public offering of 10 million units at an offering price of $10.00 per unit.
Each unit consists 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. In connection with the offering, $10.00 per unit will be deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee.
The units are expected to trade on the Nasdaq Global Market under the ticker symbol BHAVU beginning on March 19, 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 BHAV and BHAVR, respectively.
Maxim Group LLC is acting as the sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase up to 1.50 million additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any.
The offering is expected to close on March 20, 2026.
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