Harvard Ave Acquisition Corporation will allow Unit holders to separately trade shares and rights starting December 15, 2025.
Quiver AI Summary
Harvard Ave Acquisition Corporation announced that starting December 15, 2025, holders of its 14,500,000 units sold in the initial public offering can choose to trade the Class A ordinary shares and rights separately. Units not separated will continue trading under the ticker "HAVAU" on NASDAQ, while separated shares and rights will trade under "HAVA" and "HAVAR," respectively. To separate these units, holders must contact the Company's transfer agent. The offering was managed by D. Boral Capital LLC and its registration statement was declared effective by the SEC on September 30, 2025. The press release notes that it does not constitute an offer to sell or a solicitation for an offer to buy securities where such actions would be unlawful.
Potential Positives
- Holders of 14,500,000 units will now have the opportunity to separately trade Class A ordinary shares and rights, potentially increasing liquidity and trading volume for investors.
- The separation of units into Class A shares and rights enhances transparency and investor choice, which can be attractive features for potential investors.
- The effective registration statement by the SEC indicates compliance with regulatory requirements, which can build investor confidence in the Company.
Potential Negatives
- The press release does not provide any specific information on the target business or industries the company may pursue, raising concerns about transparency and strategic direction.
- The forward-looking statements disclaimer highlights the uncertainty surrounding the company's future performance and the inherent risks that could affect investor confidence.
- As a blank check company, Harvard Ave Acquisition Corporation may face skepticism from investors regarding its ability to identify a suitable acquisition and create value, given the historical performance of similar entities.
FAQ
When can I start trading the Class A shares and rights separately?
You can start trading the Class A ordinary shares and rights separately from December 15, 2025.
What symbols will the securities trade under?
The Class A ordinary shares will trade under "HAVA" and the rights under "HAVAR" on NASDAQ.
How many units were sold in the initial public offering?
A total of 14,500,000 units were sold in the initial public offering of Harvard Ave Acquisition Corporation.
Who managed the offering for Harvard Ave Acquisition Corporation?
D. Boral Capital LLC acted as the sole book-running manager for the offering.
How can I obtain the prospectus for the offering?
You can obtain the prospectus by contacting D. Boral Capital LLC or visiting the SEC website at www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
New York, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Harvard Ave Acquisition Corporation (the “Company”) (Nasdaq: HAVA), a blank check company, today announced that, commencing on December 15, 2025, holders of 14,500,000 units (the “Units”) sold in the Company’s initial public offering (the “Offering”), may elect to separately trade the Class A ordinary shares and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market (“NASDAQ”) under the symbol “HAVAU.” Any underlying Class A ordinary shares and rights that are separated will trade on the NASDAQ under the symbols “HAVA” and “HAVAR,” respectively. Holders of Units will need to have their brokers contact the Company’s transfer agent, Continental Stock Transfer & Trust Company, in order to separate the holders’ Units into Class A ordinary shares and rights.
The Units were initially offered by the Company in an underwritten offering. D. Boral Capital LLC acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333- 284826) relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on September 30, 2025. The Offering was made only by means of a prospectus, copies of which may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by telephone at +1 (212) 970-5150, by email at [email protected] , or from the SEC website at www.sec.gov .
This press release shall not constitute an offer to sell or a 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.
About Harvard Ave Acquisition Corporation
Harvard Ave Acquisition Corporation is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region .
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the registration statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov .
Contact Information:
Harvard Ave Acquisition Corporation
Sung Hyuk Lee
Chief Executive Officer
3
rd
Floor, 166 Yeongsin-ro
Yeongdengpo-gu, Seoul, 07362
Email:
[email protected]