New York, NY, Oct. 24, 2025 — Harvard Ave Acquisition Corporation (Nasdaq: HAVAU) (the “Company”) today announced the completion of its initial public offering, comprising 14,500,000 units priced at $10.00 each. The gross proceeds generated from this offering amounted to $145 million, prior to deducting underwriting discounts and estimated offering expenses. These units were listed on the Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “HAVAU” on October 23, 2025. Each unit is composed of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share. When the securities constituting the units begin separate trading, the Class A ordinary shares and rights are anticipated to be listed on Nasdaq under the symbols “HAVA” and “HAVAR,” respectively.
The Company operates as a blank check company, established as an exempted entity under Cayman Islands law. Its purpose is to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or a similar business combination with one or more businesses or entities. While the Company may consider acquisition opportunities across any business, industry, sector, or geographical area, its primary focus will be on industries or sectors that align with the management team’s background and experience.
D. Boral Capital LLC acted as the sole book-running manager for the offering.
Robinson & Cole LLP served as legal counsel to the Company. Winston & Strawn LLP provided legal counsel to D. Boral Capital LLC.
A registration statement on Form S-1 (333-284826) pertaining to these securities was filed with the Securities and Exchange Commission (“SEC”) and became effective on September 30, 2025. This offering was conducted solely by means of a prospectus. Copies of the prospectus can be obtained from D. Boral Capital LLC, located at 590 Madison Avenue, 39th Floor, New York, NY 10022, by telephone at +1 (212) 970-5150, by email at , or by accessing the SEC website at .
This press release should not be interpreted as an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction where such an offer, solicitation, or sale would be illegal without prior registration or qualification under the securities laws of that state or jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements refer to declarations that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could lead to actual results differing from the forward-looking statements. The Company explicitly disclaims any obligation or undertaking to publicly release updates or revisions to any forward-looking statements included herein, whether to reflect changes in the Company’s expectations or changes in events, conditions, or circumstances upon which any statement is based. No assurance can be provided that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are contingent upon numerous conditions, many of which are beyond the Company’s control, including those detailed in the Risk Factors section of the registration statement and related prospectus filed with the SEC in connection with the initial public offering. Copies are available on the SEC’s website, .
Contact Information:
Harvard Ave Acquisition Corporation
Sung Hyuk Lee
Chief Executive Officer
3rd Floor, 166 Yeongsin-ro
Yeongdengpo-gu, Seoul, 07362
Email:
