BHAV Acquisition II, a blank check company targeting robotics, EVs, fintech, advanced computing and energy tech, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, and one-fourth of a right to receive a share at the time of the business combination.
BHAV Acquisition II is led by CEO and Director Giri Devanur, the founder and Executive Chairman of reAlpha Tech (Nasdaq: AIRE). Devanur has experience with other SPACs and concurrently serves as CEO of BHAV Acquisition (Nasdaq: BHAVU), which raised $100 million in its March 2026 IPO and has not yet announced a business combination. He is joined by CFO and Director Chaitanya Setti, who also serves as CFO of BHAV Acquisition. The SPAC plans to target businesses in the robotics, EVs, drones and unmanned aerial systems, fintech, quantum and advanced computing, and advanced energy technology sectors.
The Piscataway, NJ-based company will trade on the Nasdaq under the symbol BHAIU. Maxim Group LLC acted as sole bookrunner on the deal.
