BHAV Acquisition Corp II sponsor buys 225,000 units
The 225,000 rights represent 56,250 underlying Class A shares, issuable upon consummation of the initial business combination.
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Rhea-AI Filing Summary
BHAV Acquisition Corp II’s sponsor, BHAV Partners II LLC, purchased 225,000 private placement units on October 30, 2026, for $10.00 per unit. Each unit consists of one Class A ordinary share and a right to receive one-fourth of a share upon consummation of the initial business combination. The rights represent 56,250 underlying shares and will expire worthless if the business combination is not completed within the applicable period. After the purchase, the sponsor held 225,000 Class A ordinary shares and 225,000 rights. CEO and director Giri Devanur has voting and investment discretion over the sponsor-held securities and disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Rights to receive one-fourth of one Class A ordinary share F3, F1, F4, F2 | 225,000 | -- | -- |
| Purchase | Class A ordinary shares F1, F2 | 225,000 | -- | -- |
Footnotes (4)
- F1. Reflects the 225,000 Class A ordinary shares of the registrant that are included in the 225,000 private placement units of the registrant purchased by BHAV Partners II LLC (the "Sponsor"). Each private placement unit was purchased for $10.00 per unit and consists of one Class A ordinary share and one right to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the registrant's initial business combination.
- F2. The reporting owner, the Sponsor, in whose name the securities reported herein are held, is managed by its managing member, Giri Devanur. Mr. Devanur is also the Chief Executive Officer and director of the registrant. Mr. Devanur holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Devanur may be deemed a beneficial owner of securities held by the Sponsor but he disclaims beneficial ownership of any such securities except to the extent of their respective pecuniary interest therein.
- F3. Each right converts automatically into one-fourth (1/4) of one Class A ordinary shares upon consummation of the registrant's initial business combination, subject to certain adjustments described therein. No fractional Class A ordinary shares will be issued upon conversion of such rights. If the initial business combination is not consummated within the applicable time period specified in the registrant's amended and restated memorandum and articles of association, as currently in effect, the rights shall expire and shall be worthless.
- F4. Represents the 56,250 Class A ordinary shares issuable upon conversion of the rights included in the Sponsor's private placement units upon consummation of the registrant's initial business combination.
Key Figures
Key Terms
private placement units financial
initial business combination technical
pecuniary interest financial
beneficial owner regulatory
FAQ
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