BHAV Acquisition Corp II raises $2.25 million in private placement
BHAV•BHAV Acquisition II raised $2.25 million by selling 225,000 units to its sponsor, BHAV Partners II. The placement closed alongside a $100 million IPO, with $100.5 million in combined proceeds deposited into a trust account.
1. Placement details
BHAV Acquisition II raised $2.25 million through a private placement of 225,000 units to sponsor BHAV Partners II. Each $10 unit consists of one Class A ordinary share and one right, which entitles its holder to one-fourth of one Class A ordinary share upon completion of the initial business combination.
2. Trust proceeds
The placement closed alongside the company’s $100 million IPO, and $100.5 million in combined proceeds was deposited into a trust account. Net proceeds from both transactions will fund the pursuit and completion of a business combination.
