BHAV Acquisition agrees to combine with Nemi
BHAV•BHAV Acquisition agreed to combine with Nemi at a $400 million pre-money equity value. The deal targets approximately $142.5 million in closing cash, assuming a full $50 million PIPE and no redemptions, and is expected to close in the first quarter of 2027.
1. Deal terms
The all-stock transaction values Nemi at $400 million before the combination. It targets approximately $142.5 million in closing cash, assuming a full $50 million PIPE at $10 per share and no redemptions. A $30 million minimum closing cash condition may be waived, and the transaction has no earnout.
2. Expected use of proceeds
The companies expect the transaction to close in the first quarter of 2027. Nemi's Class A common stock is expected to trade on Nasdaq as NEMI, and proceeds are intended to fund manufacturing expansion, acquisitions and further development of its AI-powered manufacturing platform.
