Harvard Ave Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on December 15, 2025
1. HAVA announced trading separation for its 14.5 million units starting December 15.
2. Class A shares and rights will trade separately under symbols HAVA and HAVAR.
3. Unit holders must contact their brokers for the separation process.
4. The SEC declared the registration statement for the securities effective on September 30.
5. HAVA is a blank check company seeking merger targets across various sectors.
The ability to separately trade shares may increase liquidity and interest in HAVA. Historical data on SPACs suggest share price appreciation often follows similar announcements.
How important is it?
The announcement directly impacts HAVA’s trading structure, likely influencing trading volume and price. Such structural changes are crucial for SPACs navigating the market.
Why Short Term?
The upcoming trading separation could attract immediate investor attention and trading activity. The initial wave of trading activity may occur within days of the separation date.
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 info@dboralcapital.com, 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.
