Quarterly ResultMay 15, 2026, 04:18 PM
BHAV Acquisition Corp Reports Q1 Net Income $12,001; IPO Raises $100M
AI Summary
BHAV Acquisition Corp reported a net income of $12,001 for the three months ended March 31, 2026. This period follows the company's Initial Public Offering (IPO) on March 20, 2026, which successfully raised $100 million. The company also completed a private placement of units for $2 million and placed $100 million into a Trust Account for future business combinations, significantly increasing its total assets and shareholders' equity.
Key Highlights
- Initial Public Offering (IPO) on March 20, 2026, raised $100,000,000.
- Net income for the three months ended March 31, 2026, was $12,001.
- Total assets as of March 31, 2026, increased to $101,262,057.
- Marketable securities held in Trust Account reached $100,087,917.
- Shareholders' Equity (Deficit) improved to $852,842 from $(22,696).
- Sale of Private Placement Units generated $2,000,000.
- Transaction costs related to the IPO amounted to $1,328,871.
- Sponsor forfeited 500,000 Founder Shares on May 3, 2026.
Price Impact
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