8-K
filed March 20, 2026, 7:59 PM ET
ticker BHAV
CIK 0002097288
other material
confidence high
sentiment neutral
materiality 0.75
BHAV Acquisition Corp closes $100M IPO; $2M private placement completed
BHAV Acquisition Corp
- IPO of 10M units at $10/unit grossed $100M; underwriter has 45-day option for 1.5M additional units.
- Each unit consists of one Class A ordinary share and one right to receive 1/4 Class A share post-business combination.
- Private placement of 200,000 private units at $10/unit to sponsor and at-risk investors raised $2M.
- Effective March 19, 2026: Piyush Sadana, John Patrick O'Connell, Balaji Swaminathan appointed independent directors.
- Net proceeds of $100M deposited into trust account; funds released only upon business combination or liquidation.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
BHAV Acquisition Corp issued 200,000 private placement units of unit to the Sponsor and the at-risk capital investors for $10.00 per Private Unit.
- Security
- unit
- Shares
- 200,000 private placement units
- Purchaser
- the Sponsor and the at-risk capital investors
- Consideration
- $10.00 per Private Unit
Exact text from the filing
the Company completed the private sale of an aggregate of 200,000 private placement units (the "Private Units"), consisting of an aggregate of (i) 135,000 Private Units to the Sponsor and (ii) 65,000 Private Units to the at-risk capital investors, which were sold at a purchase price of $10.00 per Private Unit, generating aggregate gross proceeds to the Company of $2,000,000.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
BHAV Acquisition Corp: Adopted Amended Charter in connection with IPO (effective 2026-03-18).
- Change
- charter amendment
- Effective
- 2026-03-18
Exact text from the filing
Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year In connection with the IPO, the Company adopted its Amended Charter on March 18, 2026.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BHAV Acquisition Corp entered into Letter Agreement with BHAV Partners LLC (Sponsor), officers, directors, board advisor valued at Letter Agreement among Company, officers, directors, board advisor and Sponsor regarding IPO (effective 2026-03-18).
- Action
- entry
- Counterparty
- BHAV Partners LLC (Sponsor), officers, directors, board advisor
- Value
- Letter Agreement among Company, officers, directors, board advisor and Sponsor regarding IPO
- Effective
- 2026-03-18
Exact text from the filing
● A Letter Agreement, dated March 18, 2026 (the “Letter Agreement”), by and among the Company, its officers, its directors, its board advisor and BHAV Partners LLC (the “Sponsor”), a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BHAV Acquisition Corp entered into Underwriting Agreement with Maxim Group LLC valued at 10,000,000 Units at $10.00/Unit, gross proceeds $100,000,000 (effective 2026-03-18).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Maxim Group LLC
- Value
- 10,000,000 Units at $10.00/Unit, gross proceeds $100,000,000
- Effective
- 2026-03-18
Exact text from the filing
● An Underwriting Agreement, dated March 18, 2026, by and between the Company and Maxim Group LLC, as representative of the several underwriters (the “Representative”), a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BHAV Acquisition Corp entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company valued at Trust agreement for IPO proceeds held in trust (effective 2026-03-18).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Value
- Trust agreement for IPO proceeds held in trust
- Effective
- 2026-03-18
Exact text from the filing
● An Investment Management Trust Agreement, dated March 18, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee, a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BHAV Acquisition Corp entered into Administrative Services Agreement with BHAV Partners LLC (Sponsor) valued at Administrative services agreement with Sponsor (effective 2026-03-18).
- Action
- entry
- Counterparty
- BHAV Partners LLC (Sponsor)
- Value
- Administrative services agreement with Sponsor
- Effective
- 2026-03-18
Exact text from the filing
● An Administrative Services Agreement, dated March 18, 2026, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.6 hereto and incorporated herein by reference.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BHAV Acquisition Corp entered into Rights Agreement with Continental Stock Transfer & Trust Company valued at Each Unit includes one Right entitling holder to receive one-fourth of one Class A Ordinary Share up (effective 2026-03-18).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Value
- Each Unit includes one Right entitling holder to receive one-fourth of one Class A Ordinary Share up
- Effective
- 2026-03-18
Exact text from the filing
● A Rights Agreement, dated March 18, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as rights agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BHAV Acquisition Corp entered into Sponsor Private Placement Unit Subscription Agreement with BHAV Partners LLC (Sponsor) valued at Private placement of units to Sponsor (effective 2026-03-18).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- BHAV Partners LLC (Sponsor)
- Value
- Private placement of units to Sponsor
- Effective
- 2026-03-18
Exact text from the filing
● A Sponsor Private Placement Unit Subscription Agreement, dated March 18, 2026 (the “Sponsor Purchase Agreement”), by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference.
View on SEC.gov
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