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.
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.
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
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 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.
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.