• Nemi will go public through a combination with BHAV Acquisition at a $400 million pre-money equity value, entirely in stock.
• The deal targets approximately $142.5 million in closing cash, assuming a full $50 million PIPE at $10 per share and no redemptions.
• A $30 million minimum closing cash condition can be waived; the transaction includes no earnout.
• Closing is expected in the first quarter of 2027, with Nemi's Class A common stock expected to trade on Nasdaq as NEMI.
• Proceeds will fund manufacturing expansion, acquisitions and further development of Nemi's AI-powered manufacturing platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BHAV Acquisition Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611050845PRIMZONEFULLFEED9870975) on November 05, 2026, and is solely responsible for the information contained therein.