BHAV Acquisition Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Unregistered Sales of Equity Securities There are no transactions that have not been previously included in a Current Report on Form 8-K. Use of Proceeds On March 20, 2026, we consummated the Initial Public Offering of 10,000,000 Units at $10.00 per Unit, generating gross proceeds of 100,000,000. Maxim acted as sole book-running manager of the Initial Public Offering. The securities in the offering were registered under the Securities Act on a registration statement on Form S-1 (File No. 333-293399) (as amended, the “Registration Statement”). The Registration Statement was declared effective by the SEC on March 18, 2026. Following the closing of the Initial Public Offering, an amount of $100,000,000 (or $10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Units was placed in the Trust Account. The remaining proceeds from the Initial Public Offering and sale of the Private Placement units are held outside the Trust Account. Such funds are being used primarily to enable us to identify a target and to negotiate and consummate our initial Business Combination. There has been no material change in the planned use of the proceeds from the Initial Public Offering and the sale of the Private Placement Units as is described in the Prospectus. 24 Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures. Not applicable.