BHAV Acquisition Corp II Prices $100 Million IPO

MT Newswires Live10-29 18:06

BHAV Acquisition Corp II (BHAIU) priced its initial public offering of 10 million units at $10 each, the company said Wednesday evening.

The units are expected to start trading Thursday on the Nasdaq Global Market under the ticker symbol "BHAIU," the company said.

The offering is expected to close Friday.

BHAV also granted the underwriter a 45-day option to buy up to 1.5 million additional units at the IPO price.

Each unit consists of one Class A ordinary share and one right entitling the holder to receive one-fourth of a Class A ordinary share upon completion of BHAV's initial business combination, the company said.

Once the shares and rights start trading separately, they are expected to trade on Nasdaq under the symbols "BHAI" and "BHAIR," respectively, BHAV said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment