BHAV Acquisition Corp is a $100 million 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, with a focus on companies at the convergence of artificial intelligence and the physical world — advanced and industrial robotics, electric vehicles (EVs), drones and unmanned aerial systems (UAS), and financial technology (fintech). Our efforts to identify a prospective target will not be limited to a particular industry, sector, or geographic region.
While BHAV may pursue an initial business combination in any industry or geographic location, we currently intend to focus on opportunities in advanced and industrial robotics, electric vehicles (EVs), drones and unmanned aerial systems (UAS), and financial technology (fintech).
Humanoid and industrial robotics powered by AI foundation models. From warehouse automation to surgical systems, intelligent robots are entering real-world operations across manufacturing, healthcare, defense, and logistics.
Next-generation EV platforms integrating autonomous driving, AI-powered battery management, vehicle-to-grid intelligence, and software-defined architecture reshaping transportation.
AI-driven unmanned aerial systems for defense, infrastructure monitoring, logistics delivery, and agriculture. Counter-UAS systems and autonomous navigation represent explosive growth vectors.
AI-native financial infrastructure — embedded finance, blockchain settlement, real-time risk modeling, and autonomous treasury management systems powering the next generation of capital markets.
BHAV has two IPO deals. Choose one to see its key terms, taken from its registration statement filed with the SEC.
Key terms from BHAV's S-1 filing (File No. 333-293399) declared effective by the SEC on March 18, 2026. The offering is managed by Maxim Group LLC as sole book-runner.
| Issuer | BHAV Acquisition Corp (NASDAQ: BHAVU, BHAV, BHAVR) |
|---|---|
| Offering | $100.0 million, plus 45-day over-allotment option to purchase an additional 1,500,000 units |
| Units Offered | 10,000,000 units @ $10.00 per unit |
| Unit Composition | Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the initial business combination |
| Private Placement | 200,000 private placement units (207,500 if the over-allotment option is exercised in full): 135,000 purchased by the sponsor and 65,000 by the at-risk capital investors |
| Combination Period | 15 months from the closing of the offering (extendable by shareholder vote) |
| Cash Held in Trust | $100,000,000 ($10.00 per unit), or $115,000,000 if the over-allotment option is exercised in full |
| Underwriting | $0.05 per unit payable at closing, plus 500,000 representative shares (575,000 if the over-allotment option is exercised in full) |
| Sponsor Promote | 25% of issued and outstanding ordinary shares post-IPO |
| Lock Up | 6-month lock-up of founder shares post-business combination, or released earlier if the Class A ordinary shares are ≥ $12.00 for any 20 trading days within any 30-trading day period commencing any time 75 days after the completion of the initial business combination |
| Sole Book Runner | Maxim Group LLC |
| Trustee | Continental Stock Transfer & Trust Company |
| Use of Proceeds | Effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses |
| Timing | Priced March 18, 2026; closed March 20, 2026 |
| Place of Incorporation | Cayman Islands |
Note: While the Company intends to focus on the industries described herein, its efforts to identify a prospective target business will not be limited to a particular industry, sector, or geographic region.
10,000,000 units offered at $10.00 per unit, 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 initial business combination
$10.00 per unit deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee
Underwriter granted 45-day over-allotment option to purchase up to 1,500,000 additional units at the IPO price less underwriting discount
Units began trading on the NASDAQ Global Market under ticker BHAVU beginning March 19, 2026
Upon separate trading: Class A ordinary shares under BHAV, rights under BHAVR
BHAV is a blank check company incorporated as a Cayman Islands exempted company, formed for the purpose of effecting a business combination
Maxim Group LLC (300 Park Avenue, 16th Floor, New York, NY 10022) served as sole book-running manager
Key terms from BHAV Acquisition Corp II's Amendment No. 1 to Form S-1 (File No. 333-299203), filed with the SEC on October 23, 2026. Maxim Group LLC is the representative of the underwriters.
The registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Terms may change.
| Issuer | BHAV Acquisition Corp II (Proposed NASDAQ Symbols: BHAIU, BHAI, BHAIR) |
|---|---|
| Offering | $100.0 million, plus 45-day over-allotment option to purchase an additional 1,500,000 units (15%) |
| Units Offered | 10,000,000 units @ $10.00 per unit |
| Unit Composition | Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the initial business combination |
| Private Placement | $2,250,000 in private placement units (225,000 units at $10.00; $2,400,000 if the over-allotment option is exercised in full), purchased by the sponsor, BHAV Partners II LLC; each private placement unit is identical to the units sold in the offering, except as described in the prospectus |
| Combination Period | 8 months from the closing of the offering (extendable by shareholder vote) |
| Cash Held in Trust | $100,500,000 ($10.05 per unit; 100.50% of the public offering size), or $115,575,000 if the over-allotment option is exercised in full |
| Underwriting | $0.05 per unit ($500,000) payable at closing, plus 350,000 representative shares (402,500 if the over-allotment option is exercised in full) |
| Sponsor Promote | 25% of issued and outstanding ordinary shares post-IPO |
| Lock Up | 6-month lock-up of founder shares post-business combination, or released earlier if the Class A ordinary shares are ≥ $12.00 for any 20 trading days within any 30-trading day period commencing any time 75 days after the completion of the initial business combination |
| Sole Book Runner | Maxim Group LLC |
| Trustee | Continental Stock Transfer & Trust Company |
| Use of Proceeds | Effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses |
| Timing | TBD |
| Place of Incorporation | Cayman Islands |
Note: While the Company intends to focus on the industries described herein, its efforts to identify a prospective target business will not be limited to a particular industry, sector, or geographic region.
10,000,000 units offered at $10.00 per unit, 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 initial business combination
$10.05 per unit deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee
Underwriters granted a 45-day over-allotment option to purchase up to 1,500,000 additional units to cover over-allotments
Approved to list units on NASDAQ under ticker BHAIU; units will begin trading on or promptly after the date of the final prospectus
Upon separate trading (the 52nd day after the prospectus date, unless Maxim allows earlier): Class A ordinary shares under BHAI, rights under BHAIR
BHAV Acquisition Corp II is a blank check company incorporated as a Cayman Islands exempted company, sponsored by BHAV Partners II LLC
Maxim Group LLC (300 Park Avenue, 16th Floor, New York, NY 10022) is the representative of the underwriters
BHAV is led by seasoned operators with deep capital markets experience and a track record of taking companies public on NASDAQ.
Chief Executive Officer and Director of BHAV Acquisition Corp. Mr. Devanur is the sole managing member of BHAV Partners LLC, the Company's sponsor. Mr. Devanur controls the management of the sponsor, including the exercise of voting and investment discretion over the securities of the Company held by the sponsor. Mr. Devanur has experience in target selection, negotiation, transaction structuring, capital raising and merger execution. For additional biographical information, please refer to the prospectus filed with the SEC (File No. 333-293399).
Chief Financial Officer and Director of BHAV Acquisition Corp. Technology and finance executive with information technology and digital service and regulatory compliance experience. For additional biographical information, please refer to the prospectus filed with the SEC (File No. 333-293399).
From S-1 filing to NASDAQ trading — the key dates in BHAV's path to market.
BHAV Acquisition Corp incorporated as a Cayman Islands exempted company. Giri Devanur named CEO, Chaitanya Kumar Setti named CFO.
Registration Statement on Form S-1 (File No. 333-293399) filed with the U.S. Securities and Exchange Commission. Targeting $100M raise for robotics, EVs, drones & fintech acquisitions.
SEC declares registration statement effective. IPO priced at $10.00 per unit for 10,000,000 units. Maxim Group LLC as sole book-runner.
Units expected to begin trading on the NASDAQ Global Market under ticker symbol BHAVU. Shares (BHAV) and rights (BHAVR) to trade separately upon notice.
Offering closed. $100M deposited into trust with Continental Stock Transfer & Trust Company.
BHAV to identify and complete a merger, amalgamation, share exchange, asset acquisition, or similar business combination with one or more target businesses.
Key announcements, market context, and sector developments relevant to BHAV Acquisition Corp and its target industries.
BHAV Acquisition Corp II filed an amended registration statement (File No. 333-299203) for 10,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one right. Units are expected to list on NASDAQ under ticker BHAIU. The registration statement is not yet effective.
BHAV announced the pricing of 10,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right. Units begin trading on NASDAQ under ticker BHAVU.
A Barclays Research Impact Series report highlighted humanoid robots as a next frontier for artificial intelligence, with potential applications across manufacturing, healthcare, and defense.
SoftBank Group entered a definitive agreement to acquire ABB's robotics business, signaling massive institutional conviction in AI-powered robotics as the next major industrial growth wave.
The U.S. Securities and Exchange Commission declared the registration statement on Form S-1 (File No. 333-293399) effective, clearing the path for BHAV's NASDAQ listing.
Mobileye's acquisition of Mentee Robotics marks a decisive expansion into general-purpose humanoid robots, combining autonomous driving safety systems with humanoid intelligence.
The 2025 NDAA ban on Chinese drone imports including DJI creates massive opportunities for domestic manufacturers and autonomous drone companies — a core BHAV target sector.
Information about the Company's board of directors, advisory board, committee composition, code of ethics, and committee charters as filed with the SEC.
| Name | Position | Independent | Committee Membership |
|---|---|---|---|
| Giri Devanur | Chief Executive Officer & Director | No | — |
| Chaitanya Kumar Setti | Chief Financial Officer & Director | No | — |
| Balaji Swaminathan | Independent Director | Yes | Audit Committee; Compensation Committee; Nominating Committee |
| Piyush Sadana | Independent Director | Yes | Audit Committee; Compensation Committee; Nominating Committee |
| John Patrick O'Connell | Independent Director | Yes | Audit Committee; Compensation Committee; Nominating Committee |
| Rajan Singhal | Board Advisor | N/A | Advisory Board (no fiduciary obligations to present business opportunities to the Company) |
The following governance documents were filed as exhibits to the registration statement on Form S-1 (File No. 333-293399) with the SEC. Please refer to the EDGAR filing index for the complete set of exhibits.
For the full text of these governance documents, the complete list of exhibits, and additional information about the Company's corporate governance practices, please refer to the registration statement and related prospectus available on the SEC's EDGAR system at www.sec.gov (CIK: 0002097288, File No. 333-293399).
Interested in BHAV Acquisition Corp? Reach out for investor materials, prospectus copies, or general inquiries.
For prospectus copies and offering-related inquiries, contact the sole book-running manager below. For general corporate inquiries, use the contact form or reach us directly.
By submitting this form, you are requesting information only. This does not constitute an offer to sell or a solicitation of an offer to buy any securities. All offerings are made only by means of a prospectus.
A $100 million SPAC listed on NASDAQ, focused on advanced and industrial robotics, electric vehicles (EVs), drones and unmanned aerial systems (UAS), and financial technology (fintech). Its search for a target is not limited to a particular industry, sector, or geographic region.
Humanoid and industrial robots across manufacturing, healthcare, defense and logistics.
EV platforms with autonomous driving and AI battery management.
Unmanned aerial systems for defense, infrastructure, delivery and agriculture.
Embedded finance, settlement, risk modeling and treasury systems.
| Offering | $100.0 million (10,000,000 units @ $10.00), plus 45-day option for 1,500,000 more units |
|---|---|
| Unit Composition | One Class A ordinary share + one right to receive 1/4 of one Class A ordinary share at the business combination |
| Private Placement | 200,000 private placement units (207,500 with full over-allotment) |
| Combination Period | 15 months from closing (extendable by shareholder vote) |
| Cash Held in Trust | $100,000,000 ($10.00 per unit) |
| Sponsor Promote | 25% of issued and outstanding ordinary shares post-IPO |
| Lock Up | 6 months after the business combination; earlier release if ≥ $12.00 for any 20 trading days within any 30-trading day period commencing any time 75 days after it |
| Book Runner & Trustee | Maxim Group LLC; Continental Stock Transfer & Trust Company |
| Incorporation | Cayman Islands |
Sole managing member of BHAV Partners LLC, the sponsor. Experience in target selection, negotiation, transaction structuring, capital raising and merger execution.
Technology and finance executive with information technology, digital services and regulatory compliance experience.
| Name | Position | Independent |
|---|---|---|
| Giri Devanur | Chief Executive Officer & Director | No |
| Chaitanya Kumar Setti | Chief Financial Officer & Director | No |
| Balaji Swaminathan | Independent Director | Yes |
| Piyush Sadana | Independent Director | Yes |
| John Patrick O'Connell | Independent Director | Yes |
| Rajan Singhal | Board Advisor | N/A |
Code of Ethics and Audit, Compensation and Nominating Committee Charters (Exhibits 99.1–99.4) are filed with the S-1 on EDGAR (CIK 0002097288).
A newly incorporated blank check company proposing a $100 million IPO, focused on advanced and industrial robotics, EVs, drones and UAS, fintech, quantum and advanced computing infrastructure, and advanced energy technologies. Its search for a target is not limited to a particular industry, sector, or geographic region.
Humanoid and industrial robots across manufacturing, healthcare, defense and logistics.
EV platforms with autonomous driving and AI battery management.
Unmanned aerial systems for defense, infrastructure, delivery and agriculture.
Embedded finance, settlement, risk modeling and treasury systems.
Quantum computing and advanced computing infrastructure.
Geothermal, advanced and small modular nuclear reactors, energy storage and grid infrastructure.
The registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
| Offering | $100.0 million (10,000,000 units @ $10.00), plus 45-day option for 1,500,000 more units (15%) |
|---|---|
| Unit Composition | One Class A ordinary share + one right to receive 1/4 of one Class A ordinary share at the business combination |
| Private Placement | $2,250,000 (225,000 units at $10.00) bought by the sponsor, BHAV Partners II LLC |
| Combination Period | 8 months from closing (extendable by shareholder vote) |
| Cash Held in Trust | $100,500,000 ($10.05 per unit; 100.50% of the public offering size) |
| Sponsor Promote | 25% of issued and outstanding ordinary shares post-IPO |
| Lock Up | 6 months after the business combination; earlier release if ≥ $12.00 for any 20 trading days within any 30-trading day period commencing any time 75 days after it |
| Book Runner & Trustee | Maxim Group LLC; Continental Stock Transfer & Trust Company |
| Timing | TBD |
| Incorporation | Cayman Islands |
Director since inception and CEO since May 25, 2026. Sole managing member of the sponsor, BHAV Partners II LLC.
Director since inception and CFO since May 25, 2026.
| Name | Position | Independent |
|---|---|---|
| Giri Devanur | Chief Executive Officer & Director | No |
| Chaitanya Kumar Setti | Chief Financial Officer & Director | No |
| Balaji Swaminathan | Director Nominee (Audit Committee Chair) | Yes |
| Piyush Sadana | Director Nominee (Compensation Committee Chair) | Yes |
| John Patrick O'Connell | Director Nominee (Nominating Committee Chair) | Yes |
| Rajan Singhal | Board Advisor | N/A |
| Veerendra Basappa | Board Advisor | N/A |
Director nominees join the board when the units begin trading on NASDAQ. The Code of Ethics and committee charters will be adopted then; their forms are filed as exhibits to the registration statement on EDGAR (CIK 0002142627).
Important Notice: This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information presented here is derived from publicly available SEC filings and press releases. Any offering of securities is made only by means of a prospectus filed with the U.S. Securities and Exchange Commission. BHAV Acquisition Corp is a blank check company with no operating history and no revenues. An investment in the company's securities involves a high degree of risk. Prospective investors should carefully review the Risk Factors section of the Registration Statement (File No. 333-293399) and related prospectus filed with the SEC. Copies are available at www.sec.gov.
BHAV Acquisition Corp II is a blank check company with no operating history and no revenues. A registration statement relating to its securities (File No. 333-299203) has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. No assurance can be given that any business combination will be completed on terms described, or at all. The Company undertakes no obligation to update forward-looking statements except as required by law.