Harvard Ave Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on December 15, 2025

Rhea-AI Summary

Harvard Ave Acquisition Corporation (NASDAQ: HAVAU) announced that, commencing on December 15, 2025, holders of 14,500,000 Units sold in the IPO may elect to separately trade the Class A ordinary shares and rights included in each Unit.

Any Units not separated will continue trading as HAVAU; separated Class A ordinary shares will trade as HAVA and separated rights will trade as HAVAR. Holders must have their brokers contact the transfer agent, Continental Stock Transfer & Trust Company, to effect separations. The offering was managed by D. Boral Capital and the Form S-1 was declared effective by the SEC on September 30, 2025.

Positive

• 14,500,000 Units eligible to separate on Dec 15, 2025
• Separated Class A shares will trade as HAVA
• Separated rights will trade as HAVAR

Negative

• Holders must instruct brokers to contact the transfer agent
• Units remaining unseparated will continue trading as HAVAU

Key Figures

Units outstanding 14,500,000 units Units sold in initial public offering

IPO unit price $10.00 per unit Initial public offering terms

IPO gross proceeds $145,000,000 Gross proceeds before discounts and expenses

Separate trading date December 15, 2025 Start of separate trading of Class A shares and rights

Form S-1 file number File No. 333-284826 Registration statement for securities

52-week high 10.3 Pre-news 52-week high price

52-week low 9.98 Pre-news 52-week low price

Current price 10.025 Pre-announcement trading level for HAVAU

Market Reality Check

$10.06 Last Close

Volume Volume 5,178 is well below 20-day average of 30,693 (subdued trading ahead of split). low

Technical Price 10.025 is just above 200-day MA at 10.01 and near 52-week range 9.98–10.3.

Peers on Argus

No peer stocks with momentum or same-day headlines were detected in the Blank Checks sector, suggesting the unit-separation news is company-specific.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Oct 24	IPO completion	Neutral	+0.1%	Closed $145M IPO of 14.5M units at $10.00 per unit.

Pattern Detected

Limited trading history shows a very muted price reaction to the IPO closing announcement, suggesting news flow has not driven large swings so far.

Recent Company History

Harvard Ave Acquisition Corporation completed its IPO on October 24, 2025, selling 14,500,000 units at $10.00 each for gross proceeds of $145,000,000. Those units began trading under HAVAU, each containing one Class A share and one right to one-tenth of a share. The current announcement implements the expected next step: allowing separate trading of the Class A shares (HAVA) and rights (HAVAR) starting December 15, 2025. Price reactions to prior news were minimal.

Market Pulse Summary

This announcement formalizes the transition from bundled units to separately tradable Class A shares and rights beginning on December 15, 2025. It follows the IPO completed on October 24, 2025, where 14,500,000 units were sold for $145,000,000 in gross proceeds. Investors may track how liquidity distributes among HAVAU, HAVA, and HAVAR, the terms of the rights, and future business-combination developments when evaluating this blank check structure.

Key Terms

blank check company financial

"Harvard Ave Acquisition Corporation (the “Company”) (Nasdaq: HAVA), a blank check company, today announced"

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

rights financial

"elect to separately trade the Class A ordinary shares and rights included in the Units."

Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.

form s-1 regulatory

"A registration statement on Form S-1 (File No. 333- 284826) relating to these securities"

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

registration statement regulatory

"A registration statement on Form S-1 (File No. 333- 284826) relating to these securities"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The Offering was made only by means of a prospectus, copies of which may be obtained"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

transfer agent financial

"brokers contact the Company’s transfer agent, Continental Stock Transfer & Trust Company"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

AI-generated analysis. Not financial advice.

New York, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Harvard Ave Acquisition Corporation (the “Company”) (Nasdaq: HAVA), a blank check company, today announced that, commencing on December 15, 2025, holders of 14,500,000 units (the “Units”) sold in the Company’s initial public offering (the “Offering”), may elect to separately trade the Class A ordinary shares and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market (“NASDAQ”) under the symbol “HAVAU.” Any underlying Class A ordinary shares and rights that are separated will trade on the NASDAQ under the symbols “HAVA” and “HAVAR,” respectively. Holders of Units will need to have their brokers contact the Company’s transfer agent, Continental Stock Transfer & Trust Company, in order to separate the holders’ Units into Class A ordinary shares and rights.

The Units were initially offered by the Company in an underwritten offering. D. Boral Capital LLC acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333- 284826) relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on September 30, 2025. The Offering was made only by means of a prospectus, copies of which 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.

About Harvard Ave Acquisition Corporation

Harvard Ave Acquisition Corporation is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

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. 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

3^rd Floor, 166 Yeongsin-ro
Yeongdengpo-gu, Seoul, 07362
Email: sunghyuk.lee23@gmail.com

FAQ

What happens to Harvard Ave Units (NASDAQ: HAVAU) on December 15, 2025?

Commencing Dec 15, 2025, holders of 14,500,000 Units may elect to separately trade underlying Class A shares and rights.

If I separate my Harvard Ave Unit, what NASDAQ symbols will trade for the components?

Separated Class A ordinary shares will trade as HAVA and separated rights will trade as HAVAR.

Do Units that are not separated stop trading for Harvard Ave (HAVAU)?

No; any Units not separated will continue to trade on NASDAQ under the symbol HAVAU.

How do I separate Harvard Ave Units purchased in the IPO?

Holders should have their brokers contact the transfer agent, Continental Stock Transfer & Trust Company, to request separation.

Who was the book-runner for Harvard Ave's offering and when was the S-1 declared effective?

D. Boral Capital acted as sole book-running manager and the Form S-1 was declared effective by the SEC on September 30, 2025.