BHAV Acquisition Corp II Prices $100 Million IPO at $10 per Unit, Led by Maxim Group

BHAV Acquisition Corp II priced a $100 million initial public offering of 10,000,000 units at $10.00 per unit, with Maxim Group LLC as sole book-running manager, Stock Titan reported. Each unit consists of one Class A ordinary share and one right.

BHAV's Unit Structure and Nasdaq Listing

Each right entitles the holder to receive one-fourth of one Class A ordinary share upon consummation of the company's initial business combination. The units are expected to trade on the Nasdaq Global Market under the ticker symbol "BHAIU" beginning on October 29, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade on Nasdaq under the symbols "BHAI" and "BHAIR," respectively.

Maxim Group has been granted a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any. The offering is expected to close on October 30, 2026, subject to customary closing conditions. A registration statement on Form S-1 (File No. 333-299203) relating to the securities was declared effective by the U.S. Securities and Exchange Commission on October 28, 2026.

BHAV is led by Giri Devanur, Chief Executive Officer and Director, and Chaitanya Kumar Setti, Chief Financial Officer and Director. The company is a blank check company, also known as a special purpose acquisition company, formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

BHAV's Blank-Check Profile in Company Records

According to akta.pro company records, BHAV Acquisition Corp is a blank-check special purpose acquisition company formed to acquire or merge with one or more operating businesses, with no products, customers or operating data disclosed in available sources. The same records list the company as pre-revenue and give a valuation estimate of $100 million-$250 million.

How BHAV's Listing Compares With Other IPO Candidates

Bloomberg reported on October 29, 2026 that Nscale founder Josh Payne is pursuing a $30 billion IPO, with the company having attracted nearly $10 billion in equity and debt funding. The Motley Fool reported on October 28, 2026 that an LPL Financial study of 1,500 IPOs found a median one-year drawdown of 48% and a median return of -4.7%. Forbes reported on October 28, 2026 that Anthropic's S-1 filing shows founders holding 50.1% of voting power and an accumulated loss of $132.5 billion.

BHAV's Closing Date and Over-Allotment Window

The underwriter's option to purchase up to 1,500,000 additional units runs for 45 days.