BHAV Acquisition Corp. II (BHAIU) has officially priced its initial public offering at $10 million units at $10.00 each, raising $100 million on Wednesday, October 28, 2026. Based in Piscataway, New Jersey, the special purpose acquisition company (SPAC) marks the second $100 million club SPAC to price during the week. Trading for the units is slated to begin Thursday on the NASDAQ under the sole book-running management of Maxim Group.
The newly minted offering marks the 158th SPAC IPO priced this year. According to SEC filings, BHAV Acquisition II intends to leverage the capital to target and operate a business within several high-growth sectors. These include advanced and industrial robotics, electric vehicles (EVs), drones and unmanned aerial systems, financial technology (FinTech), quantum computing and advanced computing infrastructure, and next-generation energy technologies such as geothermal, small modular nuclear reactors, and energy storage.
