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).

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.

Products and 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.

Customers and end markets

Public shareholders who purchased units in the IPO. No end-market customers. Target acquisition sector not specified in the filing excerpts.

Value-chain role

SPAC sponsor and acquisition vehicle. Identifies, evaluates, and negotiates a business combination with a private target company. Sponsor is Copley Square LLC, managed by Copley Square Sponsor Limited, with Hongbo Xing as sole member and director.

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

Industry: Blank Checks