BHAV Acquisition, a blank check company targeting robotics, electric vehicles, drones, unmanned aerial systems, and fintech, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
The Piscataway, NJ-based company plans to raise $100 million by offering 10 million units at a price of $10. Each unit contains one share of common stock and one-half of one warrant exercisable at $11.50.
BHAV Acquisition is led by CEO and Director Giri Devanur, who is the founder of short-term rental operator reAlpha Tech (Nasdaq: AIRE). He is joined by CFO and Director Chaitanya Kumar Setti, who previously served as a Principal Consultant at Compunnel. The SPAC intends to target businesses in the robotics, electric vehicles, drones, unmanned aerial systems, and fintech industries.
BHAV Acquisition was founded in 2025 and plans to list on the Nasdaq under the symbol BHAVU. Maxim Group LLC is the sole bookrunner on the deal.
