Harvard Ave Acquisition Corporation Raises $145 Million in Nasdaq IPO

Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) has successfully completed its initial public offering (IPO) of 14.5 million units at a price of $10.00 per unit, securing total gross proceeds of $145 million before underwriting discounts and offering expenses. The units began trading on the Nasdaq Global Market on October 23, 2025, under the ticker symbol “HAVAU.” Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share. Once separate trading commences, the Class A ordinary shares and rights will trade independently under the symbols “HAVA” and “HAVAR,” respectively.

Harvard Ave Acquisition Corporation is a newly formed blank check company incorporated in the Cayman Islands. The company aims to pursue a business combination such as a merger, share exchange, asset acquisition, share purchase, or reorganization with one or more businesses. Although it has not limited its search to any specific industry or location, the firm intends to target sectors that align with the expertise and experience of its management team.

D. Boral Capital LLC acted as the sole book-running manager for the IPO, ensuring a smooth offering process. Legal counsel for the company was provided by Robinson & Cole LLP, while Winston & Strawn LLP represented D. Boral Capital LLC. The U.S. Securities and Exchange Commission (SEC) declared the registration statement on Form S-1 effective on September 30, 2025.

The successful IPO marks a significant milestone for Harvard Ave Acquisition Corporation as it enters the market with the flexibility to explore strategic acquisition opportunities across diverse industries. This move positions the company to leverage its management team’s background and industry insight to create long-term value for its shareholders.