PISCATAWAY, N.J., April 14, 2026 (GLOBE NEWSWIRE) -- BHAV Acquisition Corp (Nasdaq: BHAVU) ("BHAV" or the "Company") today announced that, commencing April 16, 2026, holders of the units sold in the Company's initial public offering may elect to separately trade the Class A ordinary shares and the rights included in those units.

The Class A ordinary shares and the rights that are separated are expected to trade on the Global Market tier of The Nasdaq Stock Market ("Nasdaq") under the symbols "BHAV" and "BHAVR," respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade.  Any units not separated will continue to trade on Nasdaq under the symbol "BHAVU." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and rights.

The units were initially offered by the Company in an underwritten initial public offering. Maxim Group LLC acted as sole-book running manager for the offering. A registration statement on Form S-1, as amended, relating to the securities sold in the offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on March 18, 2026. Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the Company's initial business combination, subject to the terms described in the Company's registration statement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com, or by accessing the SEC's website, www.sec.gov.***