Mergers & Acquisitions ·
BHAV Acquisition Corp agrees to merge with Nemi Corp at $400M pre-money value
BHAVBHAV Acquisition Corp
BHAV Acquisition Corp and Nemi Corp have entered into a definitive business combination agreement. The transaction values Nemi at a $400 million pre-money equity price, equivalent to 40,000,000 shares at $10.00 per share. The deal is structured as an all-stock merger with no earnout provisions. BHAV intends to raise $50 million through a private investment in public equity (PIPE) at the same $10.00 per share price. Assuming full PIPE participation and no redemptions, the combined entity expects approximately $142.5 million in cash at closing from the trust account and proceeds. The transaction is expected to close in the first quarter of 2027, subject to shareholder approvals, regulatory clearances, and other customary conditions. BHAV Acquisition Corp operates as a special purpose acquisition company (SPAC) formed for business combinations.