MergerNov 5, 2026, 09:12 AM
Nemi Corp. to Go Public Via Merger With BHAV Acquisition Corp. at $400M Valuation
AI Summary
BHAV Acquisition Corp. and Nemi Corp. have entered into a definitive business combination agreement, through which Nemi, a physical AI and manufacturing company, will become a public company. The transaction values Nemi at a $400 million pre-money equity valuation and is expected to close in the first quarter of 2027. Nemi is developing a Large Manufacturing Model (LMM) to automate product design, engineering, and manufacturing. The company operates over 300,000 square feet of manufacturing space and serves over 50 enterprise customers. Nemi aims to raise $50 million in a PIPE financing as part of the transaction.
Key Highlights
- Nemi Corp. to go public via business combination with BHAV Acquisition Corp.
- Transaction values Nemi at a $400 million pre-money equity valuation.
- Expected closing in Q1 2027, subject to shareholder approvals and customary conditions.
- Nemi targets $120 million in annualized revenue run-rate post-closing.
- Nemi's MaaS business grew revenue 38% YoY in FY2025 with 32.5% gross margins.
- Nemi has over $14 million in open purchase orders and over $100 million in LOIs.
- Nemi aims to raise $50 million via a PIPE financing at $10.00 per share.
Price Impact
More from BHAVU