{"url_path":"/sec/bhav/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2097288/0001213900-26-057718-index.html","accession_number":"0001213900-26-057718","cik":"0002097288","ticker":"BHAV","issuer_name":"BHAV Acquisition Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/2097288/0001213900-26-057718-index.html","primary_entity_key":"0002097288","primary_entity_name":"BHAV Acquisition Corp"},"word_count":1482,"has_tables":true,"body_markdown":"ck0002097288-20260331\n\nhttp://fasb.org/srt/2026#ChiefExecutiveOfficerMember\n\n00-0000000\n\nfalse\n--12-31\nQ1\n0002097288\n\n0002097288\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:SubsequentEventMember\nck0002097288:SponsorMember\n\n2026-05-03\n2026-05-03\n\n0002097288\n\nus-gaap:SubsequentEventMember\nck0002097288:UnderwritersOverAllotmentOptionMember\n\n2026-05-03\n\n0002097288\n\nus-gaap:SubsequentEventMember\nck0002097288:SponsorMember\n\n2026-05-03\n\n0002097288\n\n2026-03-31\n\n0002097288\n\n2025-12-31\n\n0002097288\n\nck0002097288:ImpliedClassAOrdinarySharePriceMember\nus-gaap:IPOMember\nus-gaap:FairValueInputsLevel3Member\n\n2026-03-20\n\n0002097288\n\nus-gaap:MeasurementInputRiskFreeInterestRateMember\nus-gaap:IPOMember\nus-gaap:FairValueInputsLevel3Member\n\n2026-03-20\n\n0002097288\n\nck0002097288:ProbabilityOfDeSPACAndInstrumentspecificMarketAdjustmentMember\nus-gaap:IPOMember\nus-gaap:FairValueInputsLevel3Member\n\n2026-03-20\n\n0002097288\n\nck0002097288:ExpectedTermToDeSPACYearsMember\nus-gaap:IPOMember\nus-gaap:FairValueInputsLevel3Member\n\n2026-03-20\n\n0002097288\n\nus-gaap:IPOMember\nck0002097288:PublicRightMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:IPOMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:MeasurementInputExercisePriceMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:MeasurementInputOptionVolatilityMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:MeasurementInputExpectedTermMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:MeasurementInputRiskFreeInterestRateMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:MeasurementInputExercisePriceMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:MeasurementInputOptionVolatilityMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:MeasurementInputExpectedTermMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:MeasurementInputRiskFreeInterestRateMember\nus-gaap:OverAllotmentOptionMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:OverAllotmentOptionMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:OverAllotmentOptionMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:FairValueInputsLevel3Member\n\n2026-03-31\n\n0002097288\n\nus-gaap:FairValueInputsLevel1Member\n\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassBMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:SubsequentEventMember\n\n2026-05-03\n2026-05-03\n\n0002097288\n\nus-gaap:CommonClassBMember\nus-gaap:OverAllotmentOptionMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassBMember\n\n2025-12-31\n\n0002097288\n\nus-gaap:CommonClassBMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassAMember\n\n2025-12-31\n\n0002097288\n\nus-gaap:CommonClassAMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassAMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:RepresentativeSharesMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\n2026-03-20\n\n0002097288\n\nus-gaap:CommonClassAMember\nck0002097288:RepresentativeSharesMember\n\n2026-03-31\n\n0002097288\n\nck0002097288:RepresentativeSharesMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:OverAllotmentOptionMember\n\n2026-03-20\n\n0002097288\n\nck0002097288:RepresentativeSharesMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:OverAllotmentOptionMember\nus-gaap:SubsequentEventMember\n\n2026-05-03\n2026-05-03\n\n0002097288\n\nus-gaap:CommonClassAMember\nck0002097288:UnderwritingAgreementMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:FinancedLoanMember\n\n2026-03-18\n2026-03-18\n\n0002097288\n\nck0002097288:FinancingAgreementMember\n\n2026-03-18\n\n0002097288\n\n2026-03-18\n\n0002097288\n\nus-gaap:RelatedPartyMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:RelatedPartyMember\nck0002097288:PromissoryNoteMember\n\n2026-03-31\n\n0002097288\n\nck0002097288:AdministrativeSupportAgreementMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:AdministrativeSupportAgreementMember\n\n2026-03-18\n2026-03-18\n\n0002097288\n\nck0002097288:SponsorMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:IPOMember\n\n2026-03-31\n\n0002097288\n\nck0002097288:SponsorMember\nck0002097288:FounderSharesMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:FounderSharesMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nus-gaap:CommonClassAMember\nck0002097288:FounderShares1Member\n\n2026-02-20\n\n0002097288\n\nck0002097288:SponsorMember\nck0002097288:FounderSharesMember\n\n2026-02-20\n\n0002097288\n\nck0002097288:SponsorMember\nck0002097288:FounderSharesMember\n\n2026-02-20\n2026-02-20\n\n0002097288\n\nck0002097288:FounderShares1Member\nck0002097288:SponsorMember\n\n2026-03-18\n2026-03-18\n\n0002097288\n\nck0002097288:FounderSharesMember\n\n2026-03-18\n2026-03-18\n\n0002097288\n\nck0002097288:FounderSharesMember\n\n2026-03-18\n\n0002097288\n\nck0002097288:FounderSharesMember\n\n2025-09-30\n\n0002097288\n\nck0002097288:FounderSharesMember\n\n2025-09-30\n2025-09-30\n\n0002097288\n\nck0002097288:PrivatePlacementWarrantsMember\nus-gaap:CommonClassAMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:PrivatePlacementWarrantsMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:PrivatePlacementWarrantsMember\n\n2026-03-31\n\n0002097288\n\nck0002097288:CapitalInvestorsMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:IPOMember\nus-gaap:CommonClassAMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nus-gaap:IPOMember\nck0002097288:PublicShareMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nus-gaap:IPOMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nus-gaap:IPOMember\n\n2026-03-20\n\n0002097288\n\nck0002097288:ClassAOrdinarySharesSubjectToPossibleRedemptionMember\n\n2026-03-31\n\n0002097288\n\nck0002097288:ClassAOrdinarySharesSubjectToPossibleRedemptionMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nck0002097288:TrustAccountMember\n\n2026-03-31\n\n0002097288\n\nck0002097288:InitialBusinessCombinationMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:PublicShareMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:IPOMember\nck0002097288:TrustAccountMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:IPOMember\nck0002097288:TrustAccountMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nck0002097288:PostBusinessCombinationMember\n\n2026-03-31\n\n0002097288\n\nck0002097288:RepresentativeSharesMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:ThirdPartyInvestorsMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nus-gaap:PrivatePlacementMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nck0002097288:SponsorMember\nus-gaap:PrivatePlacementMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nck0002097288:PrivatePlacementRightsMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nck0002097288:SponsorMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nus-gaap:PrivatePlacementMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:CommonClassAMember\nck0002097288:InitialBusinessCombinationMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nck0002097288:PublicShareMember\n\n2026-03-20\n2026-03-20\n\n0002097288\n\nck0002097288:PublicShareMember\n\n2026-03-20\n\n0002097288\n\nus-gaap:RetainedEarningsMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassBMember\nus-gaap:CommonStockMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassAMember\nus-gaap:CommonStockMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:RetainedEarningsMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassAMember\nus-gaap:CommonStockMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:RetainedEarningsMember\n\n2025-12-31\n\n0002097288\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-12-31\n\n0002097288\n\nus-gaap:CommonClassBMember\nus-gaap:CommonStockMember\n\n2025-12-31\n\n0002097288\n\nus-gaap:SubsequentEventMember\n\n2026-05-03\n\n0002097288\n\nus-gaap:RelatedPartyMember\n\n2025-12-31\n\n0002097288\n\nus-gaap:RelatedPartyMember\n\n2026-03-31\n\n0002097288\n\nus-gaap:CommonClassBMember\n\n2026-05-12\n\n0002097288\n\nus-gaap:CommonClassAMember\n\n2026-05-12\n\n0002097288\n\nck0002097288:RightsEachRightToAcquireOnefourthOfOneClassAOrdinaryShareMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:ClassAOrdinarySharesParValue00001PerShareMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nck0002097288:UnitsEachConsistingOfOneClassAOrdinaryShareParValue00001PerShareAndOneRightToAcquireOnefourthOfOneClassAOrdinaryShareMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:FairValueInputsLevel1Member\n\n2025-12-31\n\n0002097288\n\nus-gaap:CommonClassAMember\nus-gaap:CommonStockMember\n\n2025-12-31\n\n0002097288\n\nus-gaap:CommonClassBMember\nus-gaap:CommonStockMember\n\n2026-01-01\n2026-03-31\n\n0002097288\n\nus-gaap:FairValueInputsLevel3Member\n\n2025-12-31\n\nxbrli:shares\n\niso4217:USD\n\nck0002097288:Segment\n\nxbrli:pure\n\niso4217:USD\n\nxbrli:shares\n\n \n\n \n\nUNITED\nSTATES \n\nSECURITIES\nAND EXCHANGE COMMISSION\n\nWashington,\nD.C. 20549\n\n \n\nFORM 10-Q\n\n \n\n(Mark\nOne)\n\n ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended March 31, 2026\n\n \n\nor\n\n \n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor\nthe transition period from                    to                       \n\n \n\nCommission File Number: 001-43200\n\n \n\nBHAV Acquisition Corp\n\n(Exact\nname of registrant as specified in its charter) \n\n \n\nCayman Islands N/A\n\n(State\nor other jurisdiction of\n\nincorporation or organization)\n \n(I.R.S.\nEmployer\n\nIdentification No.)\n\n \n\n255 Old New Brunswick Rd., Suite N210\nPiscataway, NJ 08854  \n\n(Address\nof principal executive offices, including zip code)\n\n \n\n(732) 612-9552\n\n(Registrant’s\ntelephone number, including area code)\n\n \n\nN/A\n\n(Former\nname, former address and former fiscal year, if changed since last report)\n\n \n\nSecurities\nregistered pursuant to Section 12(b) of the Act:\n\n \n\nTitle\nof each class\n \nTrading\nSymbol(s)\n \nName\nof each exchange on which registered\n\nUnits, each consisting of one Class A ordinary share, par value $0.0001 per share, and one right to acquire one-fourth of one Class A ordinary share BHAVU The Nasdaq Stock Market LLC\n\nClass A ordinary shares, par value $0.0001 per share BHAV The Nasdaq Stock Market LLC\n\nRights, each right to acquire one-fourth of one Class A ordinary share BHAVR The Nasdaq Stock Market LLC\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☐ Yes ☒ No\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting\ncompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”\n“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge\naccelerated filer\n☐\n \nAccelerated\nfiler\n☐\n\nNon-accelerated filer☒ Smaller reporting company☒\n\n  Emerging growth company☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☒ Yes  ☐ No\n\n \n\nAs of May 12, 2026, the registrant had a total of 10,700,000 Class A ordinary shares, $0.0001 par value per share, and 3,333,333 Class B ordinary shares, $0.0001 par value per share, issued and outstanding. \n\n \n\n \n\n \n\n \n\n \n\nBHAV\nACQUISITION CORP\n\n \n\nQUARTERLY\nREPORT ON FORM 10-Q\n\nFOR\nTHE QUARTERLY PERIOD ENDED MARCH 31, 2026 \n\n \n\nTABLE\nOF CONTENTS\n\n \n\n \n \nPage \n\n[Cautionary Statement Regarding Forward-Looking Statements](#a_001)\n \nii\n\n[Part I. Financial Information](#a_002)\n \n1\n\n[Item 1. Financial Statements](#a_003)\n \n1\n\n[Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#a_004)\n \n1\n\n[Condensed Statement of Operations for the Three Months Ended March 31, 2026 (Unaudited)](#a_005)\n \n2\n\n[Condensed Statement of Changes in Shareholders’ Equity (Deficit) for the Three Months Ended March 31, 2026 (Unaudited)](#a_006)\n \n3\n\n[Condensed Statement of Cash Flows for the Three Months Ended March 31, 2026 (Unaudited)](#a_007)\n \n4\n\n[Notes to Condensed Financial Statements (Unaudited)](#a_008)\n \n5\n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_009)\n \n19\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#a_010)\n \n23\n\n[Item 4. Controls and Procedures](#a_011)\n \n23\n\n[Part II. Other Information](#a_012)\n \n24\n\n[Item 1. Legal Proceedings](#a_013)\n \n24\n\n[Item 1A. Risk Factors](#a_014)\n \n24\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#a_015)\n \n24\n\n[Item 3. Defaults Upon Senior Securities](#a_016)\n \n25\n\n[Item 4. Mine Safety Disclosures](#a_017)\n \n25\n\n[Item 5. Other Information](#a_018)\n \n25\n\n[Item 6. Exhibits](#a_019)\n \n25\n\n[Signatures](#a_020)\n \n26\n\n \n\ni\n\n \n\n \n\nCAUTIONARY\nSTATEMENT REGARDING FORWARD-LOOKING STATEMENTS\n\n \n\nCertain\nstatements in this Quarterly Report on Form 10-Q, or this “report,” are “forward-looking statements” within the\nmeaning of Section 21E of the Exchange Act and are subject to the safe harbor created thereby. All statements contained in this report\nother than statements of historical facts, including statements regarding our future results of operations and financial position, our\nbusiness strategy and plans and our objectives for future operations, are forward-looking statements. The words “believe,”\n“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”\n“expect” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking\nstatements largely on our current expectations and projections about future events and financial trends that we believe may affect our\nfinancial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial\nneeds. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in\n“Risk Factors” of our final prospectus dated March 18, 2026 (the “Prospectus”) and in any subsequent filing we\nmake with the SEC, as well as in any documents incorporated by reference that describe risks and factors that could cause results to\ndiffer materially from those projected in these forward-looking statements.\n\n \n\nMoreover,\nwe operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management\nto predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of\nfactors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of\nthese risks, uncertainties and assumptions, the future events and trends discussed in this report may not occur and actual results could\ndiffer materially and adversely from those anticipated or implied in the forward-looking statements.\n\n \n\nAlthough\nwe believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels\nof activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. We are under\nno duty to update any of these forward-looking statements after completion of this report to conform these statements to actual results\nor revised expectations.\n\n \n\nii\n\n \n\n \n\nPART\nI - FINANCIAL INFORMATION"}