secwatch.observer — SEC 8-K summary
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Issuer:     BHAV Acquisition Corp (BHAV)
CIK:        0002097288
Form:       8-K
Filed at:   2026-11-09T23:04:24+00:00
Accession:  0001213900-26-117643
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

BHAV Acquisition to combine with Nemi/BNC Motors in $400M deal, issuing 40M shares
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- Definitive agreement dated Nov. 3, 2026; Nemi shareholders receive 40,000,000 newly issued Pubco shares valued at $400 million.
- Post-closing Pubco board has five staggered-class directors; BHAV's Giri Devanur is Chairperson and Nemi's Anirudh Ravi Narayanan becomes CEO.
- Closing conditions include BHAV shareholder approval, Nasdaq listing, regulatory approvals, $30 million Available Closing Cash, and Nemi owning at least 99.74% of BNC.
- Nemi founder/CEO Anirudh Ravi Narayanan and ARN Advisory receive Pubco Class B stock with 10 votes per share; other Nemi shares get one-vote Class A.
- Outside Date is June 20, 2027; either party may terminate if closing conditions are unmet, subject to extension if BHAV shareholders approve.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2097288/000121390026117643/0001213900-26-117643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2097288/000121390026117643/ea0311273-8k425_bhavacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-117643

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