Corporate ActionNov 12, 2026, 05:07 PM
BHAV Acquisition Corp II Closes Over-Allotment Option Units Sale
AI Summary
BHAV Acquisition Corp II announced the closing of the issuance and sale of 509,855 Over-Allotment Option Units, generating gross proceeds of $5,098,550.00. Simultaneously, the company consummated the private sale of an additional 5,098 Private Units to its sponsor for $50,980.00. The sponsor also made a small additional contribution to ensure the trust account held $10.05 per Class A Ordinary Share. Additionally, the company issued further representative shares as underwriting compensation.
Key Highlights
- BHAV Acquisition Corp II consummated the closing of the issuance and sale of 509,855 Over-Allotment Option Units at $10.00 per unit.
- Total gross proceeds of $5,098,550.00 generated from the sale of Over-Allotment Option Units.
- BHAV Acquisition Corp II consummated the private sale of an additional 5,098 Private Units to the Sponsor for $50,980.00.
- The Sponsor contributed an additional $5.50 to the Company, bringing the trust account to $10.05 per Class A Ordinary Share.
- The Company issued an additional 17,844 Representative Shares to the designee of the Representative as underwriting compensation.
Price Impact
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