BHAV Acquisition Corp 8-K

What Happened
BHAV Acquisition Corp announced that it consummated its initial public offering on March 20, 2026, selling 10,000,000 units at $10.00 per unit for $100,000,000 in gross proceeds, and completed a simultaneous private placement of 200,000 private units for $2,000,000. Each unit (public and private) 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 completion of the company’s initial business combination. The filing also notes an audited balance sheet as of March 20, 2026 reflecting receipt of the offering proceeds (filed as Exhibit 99.1).

Key Details

• IPO closed March 20, 2026: 10,000,000 units at $10 each = $100,000,000 (Public Proceeds).
• Private Placement: 200,000 private units at $10 each = $2,000,000 (Private Proceeds).
• $100,000,000 of the offering proceeds (i.e., $10.00 per public unit) were placed in a trust account for public shareholders; Continental Stock Transfer & Trust Company is trustee.
• Units: each unit = 1 Class A ordinary share + 1 right; each right = 1/4 of a Class A share upon a completed business combination.

Why It Matters
This filing confirms BHAV is fully funded to pursue an initial business combination and that public investors’ portion of the IPO proceeds ($100M) is held in a trust account—standard SPAC investor protection. The structure and number of rights/units affect post-merger dilution and share conversion mechanics, so investors should review the rights allocation and the audited balance sheet (Exhibit 99.1) for details on the cash held and the company’s starting financial position.