BHAV Acquisition Corp raises $102M in IPO and private placement, $100M held in trust
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BHAV Acquisition Corp has successfully raised $102 million through an IPO and private placement. The IPO involved the sale of 10 million units at $10 each, generating $100 million in gross proceeds, while a private placement raised an additional $2 million. A total of $100 million from the offering proceeds has been placed in trust. The transaction costs amounted to $1,328,871, and the audited balance sheet shows $100 million in redeemable Class A shares in trust, with total assets of $101,085,982.
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