The IPO Buzz: BHAV Acquisition II Raises $100 Million
BHAV Acquisition Corp. II (BHAIU) raised $100 million tonight – becoming the second SPAC IPO in the $100 million club to get priced this week. Piscataway, N.J.-based BHAV Acquisition II priced 10 million units at $10.00 each to raise $100 million on Wednesday night, Oct. 28, 2026, according to its SEC filing and the company’s announcement. Each unit consists of one share and one right to receive one-fourth (1/4) of a share upon the consummation of its initial business combination.
BHAV Acquisition Corp. II is expected to start trading tomorrow – Thursday, Oct. 29.
Maxim Group served as the sole book-runner.
BHAV Acquisition II intends to acquire and operate a business in one of the following sectors: advanced and industrial robotics, electric-vehicles (“EVs”), drones and unmanned-aerial-systems (“UAS”), financial technology (FinTech), quantum computing and the advanced computing infrastructure industry or advanced energy technologies, including geothermal energy, advanced and small modular nuclear reactors, energy storage, grid infrastructure and other next-generation energy technologies.
At pricing, BHAV Acquisition II became No. 158 on the list of SPAC IPOs priced so far this year.
Stay tuned.
Source: https://www.iposcoop.com/the-ipo-buzz-bhav-acquisition-ii-raises-100-million/
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