Harvard Ave Acquisition Corp. [HAVAU]
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About
Harvard Ave Acquisition Corp. (HAVAU) operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is headquartered in Boston, Massachusetts. As a blank check company, HAVAU does not have operations of its own but instead raises capital through its initial public offering to identify and acquire a target company, typically within a specified timeframe of 18 to 24 months. The SPAC's units trade on the NASDAQ and consist of one share of common stock and a fraction of a redeemable warrant. Harvard Ave Acquisition Corp. focuses its search on technology-enabled businesses with strong growth potential, particularly in sectors demonstrating resilience and innovation. The company's management team brings experience from investment banking, private equity, and operational leadership across various industries. HAVAU holds its IPO proceeds in a trust account until a business combination is completed or the company liquidates if no suitable merger target is identified within the prescribed period. The SPAC structure allows retail and institutional investors to participate in what is essentially a publicly-traded acquisition fund, with shareholder approval required for any proposed business combination.