Karpus Management reports 11.84% stake in BHAV Acquisition Corp (BHAV)

Rhea-AI Filing Summary

BHAV Acquisition Corp ownership disclosure: Karpus Management, Inc. reports beneficial ownership of 1,266,632 shares of Common stock (CUSIP G1R59W101), representing 11.84% of the class. The filing states Karpus has sole voting and sole dispositive power over these shares.

The filing notes Karpus is a New York corporation and that informational barriers exist between Karpus and its controller, City of London Investment Group plc, such that attribution between them is not required. The statement is signed by the Chief Compliance Officer.

Insights

Institutional Ownership Analyst

Karpus now reports an 11.84% stake in BHAV Acquisition Corp.

Karpus Management is disclosed as the beneficial owner of 1,266,632 shares with sole voting and dispositive power, a substantial minority holding by standard thresholds for Schedule 13G reporting. The filing identifies the security by CUSIP G1R59W101.

This Schedule 13G indicates an institutional holding position; subsequent filings would show changes. Cash‑flow treatment and plans for the stake are not stated in the excerpt.

Compliance & Regulatory Specialist

Filing cites informational barriers with the listed controller to avoid attribution.

The filing explains that City of London Investment Group plc controls Karpus but that "effective informational barriers" were established per SEC Release No. 34-39538. This language supports separate exercise of voting and investment power by Karpus as reported.

Signatory: Jodi L. Hedberg, Chief Compliance Officer, dated 06/05/2026. Future amendments would be required if ownership crosses reporting thresholds or changes materially.

Key Figures

Beneficial ownership: 1,266,632 shares Percent of class: 11.84% Sole voting power: 1,266,632 shares +2 more

5 metrics

Beneficial ownership 1,266,632 shares Common stock (CUSIP G1R59W101)

Percent of class 11.84% Percent of common shares outstanding reported

Sole voting power 1,266,632 shares Number of shares with sole voting power

Sole dispositive power 1,266,632 shares Number of shares with sole dispositive power

Filing signature date 06/05/2026 Signature by Chief Compliance Officer

Key Terms

Schedule 13G, Beneficial ownership, Sole dispositive power, Informational barriers

4 terms

Schedule 13G regulatory

"This statement is being filed by Karpus Management, Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Amount beneficially owned: 1,266,632.00"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 1,266,632.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Informational barriers regulatory

"effective informational barriers have been established between Karpus and CLIG"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 06/05/2026 - 04:02 PM Accepted by SEC EDGAR 06/05/2026 - 04:02 PM Learn about SEC filing dates

FAQ

What stake does Karpus Management report in BHAV (BHAV)?

Karpus reports beneficial ownership of 1,266,632 shares, equal to 11.84% of common stock. The filing states Karpus holds sole voting and dispositive power over these shares and identifies the security by CUSIP G1R59W101.

Who filed the Schedule 13G for BHAV and who signed it?

The Schedule 13G was filed by Karpus Management, Inc. and signed by Jodi L. Hedberg, Chief Compliance Officer, on 06/05/2026. The filing lists Karpus's principal business office in Pittsford, New York.

Does the filing attribute Karpus's holdings to City of London Investment Group plc?

The filing states Karpus is controlled by City of London Investment Group plc but says "effective informational barriers" have been established so attribution between Karpus and CLIG is not required under SEC Release No. 34-39538.

What voting and disposition powers does Karpus report for the BHAV shares?

Karpus reports sole voting power of 1,266,632 shares and sole dispositive power of 1,266,632 shares. It reports no shared voting or dispositive power over these shares.

What security and identifier are covered in this Schedule 13G?

The filing covers BHAV Acquisition Corp common stock, title listed as Common with CUSIP G1R59W101. The issuer address is provided as 255 Old New Brunswick Rd., Suite N210, Piscataway, NJ.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BHAV Acquisition Corp

(Name of Issuer)

Common

(Title of Class of Securities)

G1R59W101

(CUSIP Number)

05/29/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G1R59W101

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,266,632.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,266,632.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,266,632.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.84 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BHAV Acquisition Corp
(b)	Address of issuer's principal executive offices: 255 Old New Brunswick Rd., Suite N210 Piscataway, NJ 08854
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP Number(s): G1R59W101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,266,632.00
(b)	Percent of class: 11.84 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,266,632.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 1,266,632.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	06/05/2026