Harvard Ave Acquisition Corporation Announces Closing of $145,000,000 Initial Public Offering
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) closed its initial public offering of 14,500,000 units at $10.00 per unit, generating gross proceeds of $145,000,000 before underwriting discounts and offering expenses.
Units began trading on Nasdaq under HAVAU on October 23, 2025. Each unit contains one Class A ordinary share and one right to receive one‑tenth of one Class A share; the underlying Class A shares and rights are expected to trade as HAVA and HAVAR when separated. The company is a Cayman Islands blank check company seeking one or more business combinations. D. Boral Capital acted as sole book‑running manager.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) ha chiuso la sua offerta pubblica iniziale di 14,500,000 unità a $10,00 per unità, generando proventi lordi di $145,000,000 prima delle commissioni di sottoscrizione e delle spese di offerta.
Le unità hanno iniziato a essere negoziate su Nasdaq sotto HAVAU il 23 ottobre 2025. Ogni unità contiene una azione ordinaria di Classe A e un diritto a ricevere un decimo di un’azione di Classe A; le azioni ordinarie sottostanti e i diritti dovrebbero negoziarsi come HAVA e HAVAR una volta separati. La società è una blank check company delle Isole Cayman che cerca una o più combinazioni aziendali. D. Boral Capital ha agito come unico book-running manager.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) cerró su oferta pública inicial de 14.500.000 unidades a $10.00 por unidad, obteniendo ingresos brutos de $145,000,000 antes de comisiones de suscripción y gastos de oferta.
Las unidades empezaron a cotizar en Nasdaq bajo HAVAU el 23 de octubre de 2025. Cada unidad contiene una acción ordinaria de Clase A y un derecho para recibir una décima de una acción de Clase A; se espera que las acciones ordinarias subyacentes y los derechos coticen como HAVA y HAVAR cuando se separen. La empresa es una blank check company de las Islas Caimán que busca una o más combinaciones de negocio. D. Boral Capital actuó como asesor/gestor principal único.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU)가 14,500,000 유닛의 초기 공모를 유닛당 $10.00으로 마감하여 $145,000,000의 총모집금을 얻었습니다(배정 및 제안 비용 차감 전).
유닛은 HAVAU로 Nasdaq에서 2025년 10월 23일에 거래를 시작했습니다. 각 유닛은 Class A 보통주 1주와 Class A 주식의 1/10을 받을 권리 1개를 포함합니다; 기초 주식과 권리는 분리되면 HAVA와 HAVAR로 거래될 것으로 예상됩니다. 이 회사는 케이만 제도의 페이퍼(블랭크 체크) 회사로, 하나 이상의 기업결합을 모색합니다. D. Boral Capital은 단독 북런닝 매니저로 활동했습니다.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) a clôturé son offre publique initiale de 14 500 000 unités à $10,00 par unité, générant des recettes brutes de $145 000 000 avant les commissions de souscription et les frais d’offre.
Les unités ont commencé à être négociées sur Nasdaq sous HAVAU le 23 octobre 2025. Chaque unité contient une action ordinaire de Classe A et un droit de recevoir un dixième d’une action de Classe A; les actions sous-jacentes et les droits devraient être négociés comme HAVA et HAVAR lorsqu’ils sont séparés. La société est une blank check company des Iles Cayman qui cherche une ou plusieurs combinaisons d’affaires. D. Boral Capital a agi en tant que unique book-running manager.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) hat sein ursprüngliches Börsengeschäft von 14.500.000 Einheiten zu $10,00 pro Einheit abgeschlossen und Bruttoerlöse von $145.000.000 vor Zeichnungsrabatten und Angebotsposten erzielt.
Die Einheiten begannen am 23. Oktober 2025 an der Nasdaq unter HAVAU gehandelt zu werden. Jede Einheit enthält eine Class-A-Ordinary-Aktie und ein Recht, ein Zehntel einer Class-A-Aktie zu erhalten; die zugrunde liegenden Class-A-Aktien und Rechte sollen voraussichtlich als HAVA und HAVAR gehandelt werden, wenn sie getrennt werden. Das Unternehmen ist eine Cayman-Inseln-Blank-Check-Gesellschaft, die eine oder mehrere Geschäftskombinationen anstrebt. D. Boral Capital fungierte als alleiniger Book-Running-Manager.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) أغلقت أول عرض عام لها لــ 14,500,000 وحدة بسعر $10.00 للوحدة، محققين عائدات إجمالية قدرها $145,000,000 قبل عمولات الاكتتاب وتكاليف العرض.
بدأت الوحدات بالتداول في ناسداك تحت الرمز HAVAU في 23 أكتوبر 2025. تحتوي كل وحدة على سهم عادي من الفئة أ وحق في الحصول على عُشر سهم من الفئة أ؛ ومن المتوقع أن يتم التداول بالأسهم العادية الأساسية والحقوق كـ HAVA و HAVAR عند فصلها. الشركة هي شركة فحص فارغ مقرها جزر كايمان تسعى لإتمام عملية دمج تجاري أو أكثر. عمل D. Boral Capital كمدير رئيسي وحيد للكتاب.
- Gross proceeds of $145,000,000 from IPO
- Units listed on Nasdaq under symbol HAVAU
- Each unit includes 1 share + 0.1 warrant-style right
- Company is a blank check vehicle with no identified target
- No assurance of completing a business combination or timeline
- Proceeds reported before underwriting discounts and expenses
Insights
Harvard Ave closed a $145 million SPAC IPO of 14,500,000 units; proceeds will fund a future business combination.
The Company sold 14,500,000 units at
The structure and proceeds confirm the Company operates as a blank check (SPAC) incorporated in the Cayman Islands and will seek a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. Key dependencies include the management team identifying and completing a qualifying business combination and the legal/regulatory conditions noted in the prospectus and Risk Factors. Watch for the separate listing of Class A shares and rights under the expected symbols HAVA and HAVAR, the timeline for filing any proxy or solicitation for a combination, and any disclosures in the registration statement and prospectus; these items will appear next in public filings and necessary shareholder materials.
New York, NY, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) (the “Company”) announced today the closing of its initial public offering of 14,500,000 units at
The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on industries or sectors that complement the management team’s background.
D. Boral Capital LLC acted as the sole book-running manager in the offering.
Robinson & Cole LLP served as legal counsel to the Company. Winston & Strawn LLP served as legal counsel to D. Boral Capital LLC.
A registration statement on Form S-1 (333-284826) relating to these securities has been filed with the Securities and Exchange Commission (“SEC”), and was declared effective on September 30, 2025. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by telephone at +1 (212) 970-5150, by email at info@dboralcapital.com, or from the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the registration statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.
Contact Information:
Harvard Ave Acquisition Corporation
Sung Hyuk Lee
Chief Executive Officer
3rd Floor, 166 Yeongsin-ro
Yeongdengpo-gu, Seoul, 07362
Email: sunghyuk.lee23@gmail.com
FAQ
What did HAVAU announce on October 25, 2025 about its IPO?
When did HAVAU begin trading on Nasdaq and under what ticker?
What does each HAVAU unit comprise and future separate symbols?
What type of company is Harvard Ave Acquisition Corporation (HAVAU)?
Who served as book‑running manager and legal counsel for the IPO?
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