Harvard Ave Acquisition completes $145 million IPO on NASDAQ

Harvard Ave Acquisition Corporation (NASDAQ: HAVAU) completed its initial public offering of 14.5 million units at $10.00 per unit, generating gross proceeds of $145 million before underwriting discounts and offering expenses.

The units began trading on the Nasdaq Global Market under the ticker symbol "HAVAU" on October 23, 2025. Each unit consists of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share. The Class A ordinary shares and rights are expected to trade separately under the symbols "HAVA" and "HAVAR" respectively once separate trading begins.

The company is a blank check company incorporated under Cayman Islands law that will seek to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company stated it may pursue acquisition opportunities in any business, industry, sector or geographical location, with an intention to focus on industries or sectors that complement the management team's background.

D. Boral Capital LLC served as the sole book-running manager for the offering. Robinson & Cole LLP provided legal counsel to the company, while Winston & Strawn LLP served as legal counsel to D. Boral Capital LLC.

The Securities and Exchange Commission declared the registration statement on Form S-1 effective on September 30, 2025. The information is based on a company press release statement.

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