Harvard Ave Acquisition Corporation Announces Pricing of $145,000,000 Initial Public Offering
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) priced an initial public offering of 14,500,000 units at $10.00 per unit, raising gross proceeds of $145,000,000. Units are expected to begin trading on Nasdaq under HAVAU on October 23, 2025, and the offering is expected to close on October 24, 2025, subject to customary closing conditions.
Each unit contains one Class A ordinary share and one right to receive one‑tenth of a Class A share; when separated, shares and rights are expected to trade as HAVA and HAVAR. The underwriter has a 45‑day option to purchase up to 2,175,000 additional units to cover over‑allotments. The company is a Cayman Islands blank check company seeking a business combination.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) ha fissato un'offerta pubblica iniziale di 14.500.000 unità a 10,00$ per unità, raccogliendo proventi lordi di 145.000.000$. Le unità dovrebbero iniziare a essere negoziate su Nasdaq con il ticker HAVAU il 23 ottobre 2025, e l'offerta si prevede si chiuda il 24 ottobre 2025, soggetta alle condizioni di chiusura abituali.
Ogni unità contiene una azione ordinaria di Classe A e un diritto a ricevere un decimo di un'azione di Classe A; quando separate, azioni e diritti dovrebbero negoziarsi come HAVA e HAVAR. L'underwriter ha un'opzione di 45 giorni per acquistare fino a 2.175.000 unità aggiuntive per coprire le oversubscriptions. La società à una SPAC delle Isole Cayman in cerca di una combinazione aziendale.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) fijó una oferta pública inicial de 14.500.000 unidades a 10,00$ por unidad, recaudando ingresos brutos de 145.000.000$. Las unidades se espera que comiencen a cotizar en Nasdaq bajo HAVAU el 23 de octubre de 2025, y la oferta se espera que cierre el 24 de octubre de 2025, sujeto a las condiciones de cierre habituales.
Cada unidad contiene una acción ordinaria de Clase A y un derecho para recibir una décima de una acción de Clase A; cuando se separen, las acciones y los derechos se espera que coticen como HAVA y HAVAR. El suscriptor tiene una opción de 45 días para comprar hasta 2.175.000 unidades adicionales para cubrir la sobreasignación. La empresa es una SPAC de las Islas Caimán que busca una operación/combinación de negocios.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU)은 단위당 10.00달러로 14,500,000 단위의 초기 공개 매도를 가격했고, 총 매출은 145,000,000달러입니다. 유닛은 23 2025년 10월에 Nasdaq HAVAU로 거래가 시작될 것으로 예상되며, 본 공모는 일반적인 종가 조건에 따라 2025년 10월 24일에 마감될 예정입니다. 각 유닛에는 Class A 보통주 1주와 Class A 주식의 1/10을 받는 권리가 포함되어 있으며, 분리되면 주식과 권리는 각각 HAVA와 HAVAR로 거래될 것으로 예상됩니다. 주관사는 초과배정을 커버하기 위해 45일의 옵션으로 최대 2,175,000단위를 추가로 매입할 수 있습니다. 이 회사는 케이맨 제도에 있는 블랭크 체크 컴퍼니로, 사업 결합을 모색합니다.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) a fixé une offre publique initiale de 14 500 000 unités à 10,00 $ par unité, levant des recettes brutes de 145 000 000 $. Les unités devraient commencer à se negocier sur Nasdaq sous le ticker HAVAU le 23 octobre 2025, et l'offre devrait se clore le 24 octobre 2025, sous réserve des conditions de clôture habituelles.
Chaque unité contient une action ordinaire de Classe A et un droit de recevoir un décime d'une action de Classe A; lorsqu'elles sont séparées, les actions et les droits devraient se negocier sous les symboles HAVA et HAVAR. Le souscripteur dispose d'une option de 45 jours pour acheter jusqu'à 2 175 000 unités supplémentaires afin de couvrir les surallocations. La société est une SPAC des iles Caïman en quête d'une combinaison d'affaires.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) hat eine Erstnotierung von 14.500.000 Einheiten zu je 10,00 $ pro Einheit festgelegt und Bruttoerlöse von 145.000.000 $ erzielt. Die Einheiten sollen voraussichtlich unter dem Ticker HAVAU an der Nasdaq gehandelt werden am 23. Oktober 2025, und das Angebot soll voraussichtlich am 24. Oktober 2025 geschlossen werden, vorbehaltlich üblicher Abschlussbedingungen.
Jede Einheit enthält eine Klasse-A-Ordinary-Aktie und ein Recht, ein Zehntel einer Klasse-A-Aktie zu erhalten; wenn sie getrennt werden, sollen Aktien und Rechte voraussichtlich unter den Symbolen HAVA und HAVAR gehandelt werden. Der Underwriter hat eine 45-Tage-Option, bis zu 2.175.000 zusätzliche Einheiten zu erwerben, um Überzeichnungen abzudecken. Das Unternehmen ist eine Cayman Islands Blank-Check-Company, die nach einer Geschäftskombination sucht.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) حددت عرضاً عاماً أولياً لـ 14,500,000 وحدة بسعر 10.00 دولار للوحدة، محققة عوائد إجمالية قدرها 145,000,000 دولار. من المتوقع أن تبدأ وحدات التداول في ناسداك تحت الرمز HAVAU في 23 أكتوبر 2025، ومن المتوقع أن يغلق العرض في 24 أكتوبر 2025، مع مراعاة شروط الإغلاق المعتادة.
كل وحدة تحتوي على سهم عادي من الفئة A وحق لاستلام عُشر سهم من الفئة A؛ عند فصلهما، من المتوقع أن تتداول الأسهم والحقوق كـ HAVA و HAVAR. لدى المكتتب خيار لمدة 45 يوماً لشراء حتى 2,175,000 وحدة إضافية لتغطية الزائد في التخصيص. الشركة هي شركة شيك فاضي من جزر كايمان تبحث عن اندماج تجاري.
Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) 已定价首次公开发行，发行 14,500,000 单位，每单位 10.00 美元，募集总额为 145,000,000 美元。单位预计将在 2025 年 10 月 23 日 在 Nasdaq 以代码 HAVAU 开始交易，募集预计在 2025 年 10 月 24 日 关闭，遵循通常的交割条件。
每单位包含 1 股 A 类普通股 和 获得 1/10 股 A 类股的权利；分拆后，股票和权利预计分别以 HAVA 和 HAVAR 交易。承销商有一个 45 天 期权，可购买最多 2,175,000 单位 以覆盖超额配售。公司为开曼群岛的空白支票公司，寻求一次商业合并。
- Gross proceeds of $145,000,000 from the IPO
- Listing expected on Nasdaq under ticker HAVAU on Oct 23, 2025
- Underwriter granted 45‑day over‑allotment option for 2,175,000 units
- Company is a blank check (SPAC) with no identified business combination
- No assurance the offering or subsequent business combination will be completed
- Units convert into multiple securities, creating potential future dilution
Insights
SPAC priced 14.5M units at
The company sold 14,500,000 units at
The business model is a blank‑check vehicle incorporated in the Cayman Islands that will seek a combination; this structure means value realization depends entirely on a future transaction. Key near‑term items to watch are the expected Nasdaq start of trading on
New York, NY, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) (the “Company”) announced today the pricing 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 is acting as the sole book-running manager in the offering.
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 is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, 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 preliminary 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 Yongsan
Yeongdengpo-gu, Seoul, 07362
Email: sunghyuk.lee23@gmail.com
FAQ
What did Harvard Ave Acquisition Corporation (HAVAU) price its IPO at and how much did it raise?
When will HAVAU begin trading on Nasdaq and what is the ticker?
What securities are included in each HAVAU unit and future separate tickers?
Is there an over‑allotment option in the HAVAU IPO and how large is it?
When is the HAVAU offering expected to close?
What type of company is Harvard Ave Acquisition Corporation and what will it do with IPO proceeds?
