Mergers & AcquisitionsMedium•6 November 2026•
1 min read
BHAV Acquisition to Merge with Physical AI Firm Nemi in $400M Deal
Key Facts
1BHAV Acquisition Corp entered into a definitive agreement to merge with Nemi, a physical AI and manufacturing company.
2Nemi is valued at a pre-money equity valuation of $400 million in the business combination.
BHAV Acquisition Corp entered into a definitive agreement to merge with Nemi, a physical AI and manufacturing company. Benzinga reported that Nemi is valued at a pre-money equity valuation of $400 million in the business combination, which serves as a vehicle for the firm to become a publicly traded entity.
BHAV closed at $10.12 on November 5, 2026, prior to the announcement of the merger terms. The transaction provides a clear path for Nemi to access public markets and scale its specialized AI manufacturing operations.