---
title: "Giri Devanur Discloses Investment at BHAV Acquisition Corp with 22.83% Stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280539143.md"
description: "Giri Devanur, through BHAV Partners LLC, disclosed a 22.83% stake in BHAV Acquisition Corp, following adjustments and a private placement. This stake includes founder shares and private placement units convertible into Class A shares, granting Devanur significant influence over the SPAC's deal process. Devanur and BHAV Partners agreed to vote in favor of the Business Combination and waived redemption rights. Lock-up agreements restrict the sale of founder shares for six months post-merger. BHAV Partners LLC aims to sponsor and complete a merger, with Devanur also serving as CEO of BHAV Acquisition Corp."
datetime: "2026-03-25T23:36:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280539143.md)
  - [en](https://longbridge.com/en/news/280539143.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280539143.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280539143.md) | [繁體中文](https://longbridge.com/zh-HK/news/280539143.md)


# Giri Devanur Discloses Investment at BHAV Acquisition Corp with 22.83% Stake

Giri Devanur, through BHAV Partners LLC, disclosed a 22.83% stake in BHAV Acquisition Corp. The filing was made on Mar. 25, 2026, following founder share adjustments and a private placement on Mar. 18, 2026. The position includes founder shares and private placement units that can convert into Class A shares, giving Devanur significant influence over the SPAC’s deal process.

**Investor Intent**

Devanur and BHAV Partners agreed to "vote in favor of the Business Combination" and to "waive \[their\] redemption rights" on founder shares and private placement units. They also waived liquidating distributions on those securities if BHAV Acquisition Corp fails to complete a deal within the stated timeframe.

The sponsor accepted lock-ups: founder shares cannot be sold until six months after the merger or earlier if the stock trades at or above $12 for 20 days within a 30-day period, and private placement securities are locked for 30 days post-merger. The group may still buy or sell more shares and could explore transactions such as mergers, asset deals, or changes to the board or capital structure.

**Investor's Background**

BHAV Partners LLC is a Delaware entity formed to sponsor BHAV Acquisition Corp, provide capital through founder shares and private placement units, and complete a merger. Giri Devanur manages BHAV Partners, serves as CEO of BHAV Acquisition Corp, and is Executive Chairman of reAlpha Tech Corp, a real estate technology company. As a SPAC sponsor, Devanur focuses on sourcing and closing a business combination while holding a significant, locked-up stake.

Original SEC Filing: BHAV Acquisition Corp \[ BHAVU \] - SCHEDULE 13D - Mar. 25, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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