BHAV Acquisition signs business combination agreement with Nemi Corp valued at $400 million
BHAV Acquisition Corp, a special purpose acquisition company, entered into a Business Combination Agreement on November 3, 2026 with Nemi Corp., a Texas corporation with operations in India. The agreement would merge BHAV with a subsidiary of Nemi, leaving Nemi's successor company, Pubco, publicly traded, with Nemi's shareholders receiving 40,000,000 newly issued shares valued at $400 million. Completion depends on conditions including BHAV shareholder approval, regulatory approvals, registration statement effectiveness and Nasdaq listing approval.
Key points
- Nemi shareholders would receive 40,000,000 newly issued Pubco shares, representing an aggregate value of $400 million.
- Either party may terminate the agreement if the business combination has not closed by June 20, 2027, or a later extended date.
- Closing is targeted for the first quarter of 2027, with Nemi planning to file a Form S-4 registration statement targeted for November 2026.
- Nemi's founder and CEO, Anirudh Ravi Narayanan, has agreed to a two-year lock-up on his shares from closing.
The filing
Written by AI on Nov 10, 2026, 6:16 AM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.