Filing Analysis
Harvard Ave Acquisition Corporation has announced the separation of its units into Class A ordinary shares and rights. This allows holders to trade these components separately on the Nasdaq starting approximately December 15, 2025.
📋 Key Facts
- Units (HAVAU) consist of one Class A ordinary share and one Right to acquire one-tenth of a Class A ordinary share.
- Class A ordinary shares will trade under symbol 'HAVA' on Nasdaq.
- Rights will trade under symbol 'HAVAR' on Nasdaq.
- Separation/trading of components is expected to commence on or about December 15, 2025.
Harvard Ave Acquisition Corp completed its initial public offering (IPO) of 14.5 million units at $10.00 per unit, raising gross proceeds of $145,000,000. The company also completed concurrent private placements to sponsors Copley Square LLC and Northlake Partners Ltd.
📋 Key Facts
- IPO consummated on October 24, 2025.
- Offered 14,500,000 Units at $10.00 per Unit ($145M gross proceeds).
- Each Unit consists of one Class A ordinary share and one Right to acquire 1/10th of a share upon business combination.
- Private sale of units and shares to Copley Square LLC and Northlake Partners Ltd totaling $3,399,640.
- Proceeds (net of expenses) placed in a trust account with Continental Stock Transfer & Trust Company as trustee.
Harvard Ave Acquisition Corp successfully completed its initial public offering (IPO) of 14.5 million units at $10.00 per unit, raising gross proceeds of $145,000,000. The filing also details the appointment of new independent directors and the closing of private placements to sponsors.
🚩 Red Flags
- SPAC structure: The company is a blank check/acquisition vehicle, meaning its future value depends entirely on finding a target for business combination.
- Redemption risk: Public shareholders have the right to redeem shares if a business combination is not completed within 18-24 months.
📋 Key Facts
- Completed IPO of 14,500,000 units on October 24, 2025.
- Units priced at $10.00 each, generating $145,000,000 in gross proceeds.
- Each unit consists of one Class A ordinary share and one Right to acquire 1/10th of a share upon business combination.
- Private sale of securities to Copley Square LLC and Northlake Partners totaling ~$3.4 million.
- Net IPO and private placement proceeds (less expenses) placed in a trust account.
- Appointment of Gary Dvorchak, Benjamin Berry, and Qing Tong as directors; Qing Tong designated as audit committee financial expert.