Oceanhawk Acquisition Corp. closes IPO

BHAV Acquisition Corp, a blank check company led by CEO Ernest Miller, announced the closing of its upsized initial public offering, raising $160,000,000 by selling 16,000,000 units at $10.00 each. The units began trading on the Nasdaq-100 Stock Market under the ticker symbol OHACU on May 21, 2026. Each unit comprises one Class A ordinary share and one right to receive one-fourth of one Class A ordinary share upon the consummation of an initial business combination. The Benchmark Company, LLC served as the sole book-running manager for the offering, which followed the United States — United States Securities and Exchange Commission declaring the registration statement effective on May 20, 2026. BHAV Acquisition Corp is sponsored by Oceanhawk Acquisition I Sponsor LLC, an affiliate of Oceanhawk, and aims to leverage their experience for future business combinations, particularly in the commodity-driven energy sector.