BHAV (BHAV) is a blank check special purpose acquisition company incorporated as a Cayman Islands exempted company on September 29, 2025, formed for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company raised $100,000,000 through its Initial Public Offering at $10.00 per Unit, with proceeds held in a Trust Account invested in U.S. government treasury bills with maturities of 185 days or less or qualifying money market funds, as of the 10-Q filed 2026-05-15. BHAV has not selected a Business Combination target and has not initiated substantive discussions with any target as of March 31, 2026. The management team intends to focus on targets in advanced and industrial robotics, electric vehicles, drones and unmanned aerial systems, or financial technology.
BHAV offers no commercial products or services. Its sole activity is identifying and completing an initial Business Combination. The Trust Account held $100,000,000 in IPO and Private Placement Unit proceeds as of the filing, invested in U.S. government treasury obligations or qualifying money market instruments.
BHAV generates no operating revenue. Income during the three months ended March 31, 2026 consisted of interest earned on marketable securities held in the Trust Account ($87,917). The company accrues $20,000 per month under an Administrative Services Agreement with the Sponsor or an affiliate, commencing March 18, 2026, payable upon Business Combination completion or liquidation.
BHAV has no customers. Its target acquisition sectors, as stated in the 10-Q filed 2026-05-15, are advanced and industrial robotics, electric vehicles (EVs), drones and unmanned aerial systems (UAS), and financial technology (fintech).
BHAV is incorporated in the Cayman Islands. No geographic focus for the Business Combination target is specified beyond the management team's sector preferences, per the 10-Q filed 2026-05-15.
Source: SEC 10-Q, filed 2026-05-15
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