BHAV Acquisition Corp reported first-quarter 2026 results with a consolidated net income of $12001 and basic and diluted earnings per share of $0. The company has not yet generated operating revenues as it continues to pursue a business combination.
Financial Highlights
- Net income was $12,001 for Q1 2026 (consolidated net income).
- Diluted EPS was $0.00 for Q1 2026 (basic and diluted EPS reported as $0.00).
Business Highlights
- Business focus: pursuing a business combination in advanced/industrial robotics, electric vehicles, drones/UAS or fintech sectors leveraging management expertise.
- Capital deployment: $100M placed in trust to fund an acquisition and to finance target operations following a combination.
- Operations: completed organizational setup, IPO-related activities and target identification; no operating revenues to date.
- Near-term strategy: targeting a 15-month timeline to close an initial business combination (extendable); using cash outside the trust for due diligence and deal execution.
Original SEC Filing:
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