Harvard Ave Acquisition Corp
Harvard Ave Acquisition Corp (NASDAQ: HAVA) is a blank-check special purpose acquisition company (SPAC) formed to identify and complete a merger or acquisition with one or more target businesses. The company generates no operating revenue. Its capital base comes from its IPO, which closed October 24, 2025, raising $145,000,000 in gross proceeds from the sale of 14,500,000 units at $10.00 per unit, with all IPO proceeds held in a U.S.-based trust account invested in U.S. government treasury bills maturing in 185 days or less, or qualifying money market funds, with Continental Stock Transfer & Trust Company acting as trustee. A simultaneous private placement raised an additional $3,399,640 from the sponsors. The company has two executive officers: Sung Hyuk Lee (CEO) and Hoon Ji Choi (CFO), with principal executive offices located in Seoul, South Korea. As of December 31, 2025, the company carried a going concern qualification, reflecting ongoing costs in pursuit of an acquisition with no completed business combination as of the filing date (10-K filed March 26, 2026).
Products & Services
Blank-check acquisition vehicle. Each IPO unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon completion of a business combination. No operating products or services.
Revenue Model
No operating revenue. Capital is sourced from the IPO ($145,000,000 gross proceeds, October 2025) and sponsor private placement ($3,399,640). Trust account funds are held in U.S. treasury bills or qualifying money market funds pending a business combination.
Customers & Markets
Public shareholders who purchased units in the IPO. No end-market customers. Target acquisition sector not specified in the filing excerpts.
Geographic Exposure
Principal executive offices located in Seoul, South Korea (3rd Floor, 166 Yeongsin-ro, Yeongdengpo-gu, Seoul, 07362). Trust account held in the United States. Incorporated in the Cayman Islands.
Source: SEC 10-K, filed 2026-03-26
Financial Snapshot
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