Bhav Acquisition Corp Right is a warrant instrument issued as part of Bhav Acquisition Corp's initial public offering on the Nasdaq. Each right entitles the holder to purchase one-fourth of a Class A ordinary share upon the company's completion of its business combination. Originally included in units that traded under the symbol BHAVU, rights became separately tradable starting April 16, 2026, under the symbol BHAVR on the Nasdaq Global Market tier. The rights represent equity upside for investors in this special purpose acquisition company, commonly known as a SPAC, which was formed to identify and merge with operating businesses. Holders must contact the transfer agent to separate their units into individual Class A shares and rights. Only whole rights are issued upon unit separation, with no fractional rights trading. This structure provides investors with both immediate equity ownership and potential additional shares upon successful business combination consummation.