NASDAQ: BHAVU • S-1 Effective March 18, 2026

The Intelligent Machines Capital Vehicle

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.

IPO Summary — Closed March 20, 2026
Offering Size $100,000,000
Price Per Unit $10.00
Units Offered 10,000,000
Over-Allotment 1,500,000 units
Unit Composition 1 Share + 1 Right
Right Conversion ¼ Share per Right
Exchange NASDAQ Global Market
Tickers BHAVU • BHAV • BHAVR
Trustee Continental Stock Transfer
Underwriter Maxim Group LLC
S-1 File No. 333-293399
Closing Date March 20, 2026

Four Pillars of Intelligent Innovation

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).

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Advanced & Industrial Robotics

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.

Per the S-1, the Company intends to focus on opportunities in this sector

Electric Vehicles (EVs)

Next-generation EV platforms integrating autonomous driving, AI-powered battery management, vehicle-to-grid intelligence, and software-defined architecture reshaping transportation.

Per the S-1, the Company intends to focus on opportunities in this sector
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Drones & Unmanned Aerial Systems (UAS)

AI-driven unmanned aerial systems for defense, infrastructure monitoring, logistics delivery, and agriculture. Counter-UAS systems and autonomous navigation represent explosive growth vectors.

Per the S-1, the Company intends to focus on opportunities in this sector
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Financial Technology (Fintech)

AI-native financial infrastructure — embedded finance, blockchain settlement, real-time risk modeling, and autonomous treasury management systems powering the next generation of capital markets.

Per the S-1, the Company intends to focus on opportunities in this sector
$100M
IPO Trust Size
Deposited at $10/unit
4
Focus Industries
Robotics • EVs • Drones/UAS • Fintech
3
NASDAQ Tickers
BHAVU • BHAV • BHAVR
¼
Share per Right
On Business Combination

Deal Structure & Offering Terms

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.

Unit Economics

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

Listing & Governance

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

Leadership

BHAV is led by seasoned operators with deep capital markets experience and a track record of taking companies public on NASDAQ.

Giri Devanur
Chief Executive Officer & Director

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).

CEO & Director Sponsor Managing Member Transaction Execution
Chaitanya Kumar Setti
Chief Financial Officer & Director

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).

CFO & Director IT & Digital Services Regulatory Compliance

IPO Timeline

From S-1 filing to NASDAQ trading — the key dates in BHAV's path to market.

2025

Incorporation

BHAV Acquisition Corp incorporated as a Cayman Islands exempted company. Giri Devanur named CEO, Chaitanya Kumar Setti named CFO.

Feb 2026

S-1 Filed with SEC

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.

Mar 18, 2026

S-1 Declared Effective & IPO Priced

SEC declares registration statement effective. IPO priced at $10.00 per unit for 10,000,000 units. Maxim Group LLC as sole book-runner.

Mar 19, 2026

NASDAQ Trading Begins

Units expected to begin trading on the NASDAQ Global Market under ticker symbol BHAVU. Shares (BHAV) and rights (BHAVR) to trade separately upon notice.

Mar 20, 2026

IPO Closed

Offering closed. $100M deposited into trust with Continental Stock Transfer & Trust Company.

TBD

Initial Business Combination

BHAV to identify and complete a merger, amalgamation, share exchange, asset acquisition, or similar business combination with one or more target businesses.

News & Developments

Key announcements, market context, and sector developments relevant to BHAV Acquisition Corp and its target industries.

IPO

BHAV Acquisition Corp Prices $100 Million Initial Public Offering

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.

Mar 18, 2026 Read Prospectus →
Sector

Humanoid Robotics on Track to Become a $200 Billion Market by 2035

A Barclays Research Impact Series report highlighted humanoid robots as a next frontier for artificial intelligence, with potential applications across manufacturing, healthcare, and defense.

Mar 11, 2026 Read More →
Market

SoftBank Acquires ABB Robotics in Landmark Deal

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.

Oct 8, 2025 Read More →
Filing

SEC Declares BHAV Registration Statement Effective

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.

Mar 18, 2026 EDGAR →
Sector

Mobileye Acquires Mentee Robotics to Accelerate Humanoid AI

Mobileye's acquisition of Mentee Robotics marks a decisive expansion into general-purpose humanoid robots, combining autonomous driving safety systems with humanoid intelligence.

Market

U.S. Bans Chinese-Made Drones, Opening Domestic Market

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.

Jan 1, 2026 Read More →

Governance & Investors

Information about the Company's board of directors, advisory board, committee composition, code of ethics, and committee charters as filed with the SEC.

Board of Directors & Advisory Board

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)

Governance Documents

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.

Exhibit 99.1
Code of Ethics
Code of Ethics applicable to directors, officers, and employees, as filed with the S-1 registration statement.
Exhibit 99.2
Audit Committee Charter
Charter of the Audit Committee of the Board of Directors, as filed with the S-1 registration statement.
Exhibit 99.3
Compensation Committee Charter
Charter of the Compensation Committee of the Board of Directors, as filed with the S-1 registration statement.
Exhibit 99.4
Nominating Committee Charter
Charter of the Nominating Committee of the Board of Directors, as filed with the S-1 registration statement.

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).

Investor Relations

Interested in BHAV Acquisition Corp? Reach out for investor materials, prospectus copies, or general inquiries.

Contact Information

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.

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Underwriter
Maxim Group LLC
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Address
300 Park Avenue, 16th Floor
New York, NY 10022
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Company Headquarters
Piscataway, New Jersey, USA
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Trustee
Continental Stock Transfer & Trust Company
Investor Inquiry Form

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.

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.

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.