MMCAP International Inc. SPC and MM Asset Management Inc. filed a Schedule 13G with the SEC on November 9, 2026, reporting beneficial ownership of 990,000 units of BHAV Acquisition Corp II as of October 30, 2026.

Key Highlights

  • Filers: MMCAP International Inc. SPC (Cayman Islands) and MM Asset Management Inc. (Ontario, Canada) filed jointly.
  • Units held: 990,000 Units Convertible into Class A Ordinary Shares, par $0.0001 and Rights (CUSIP G1R59T124).
  • Ownership percentage: 9.7% of the class, based on 10,225,000 outstanding issuer units, according to the filing.
  • Voting and dispositive power: Both filers report 0 sole voting power and 0 sole dispositive power; each reports 990,000 shared voting and shared dispositive power.
  • Triggering date: The event requiring the filing occurred on October 30, 2026.
  • Certification: The filers certified the securities were not acquired to change or influence control of the issuer.

MMCAP and MM Asset Management Report Joint Beneficial Ownership in BHAV Acquisition Corp II Units

According to the Schedule 13G filed November 9, 2026, MMCAP International Inc. SPC and MM Asset Management Inc. jointly reported beneficial ownership of 990,000 Units Convertible into Class A Ordinary Shares, par $0.0001 and Rights in BHAV Acquisition Corp II. The issuer is listed with principal executive offices at 255 Old New Brunswick Road, Suite N210, Piscataway, NJ 08854. The filing does not identify an exchange or ticker symbol in the cover page's registered-securities table.

The filing states that both reporting persons share voting power and dispositive power over all 990,000 units, with neither holding any sole voting or sole dispositive power. The 9.7% ownership figure is calculated by the filers based on 10,225,000 outstanding issuer units, as noted in the filing. MMCAP International Inc. SPC is organized in the Cayman Islands and operates from Grand Cayman; MM Asset Management Inc. is incorporated in Ontario, Canada, with offices in Toronto. Hillel Meltz, President, signed on behalf of MM Asset Management Inc., and Ulla Vestergaard, Director, signed on behalf of MMCAP International Inc. SPC, both on November 9, 2026.

The filers certified, as required under the applicable rule, that "the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities." Items 5 through 9 of the Schedule 13G, covering topics such as ownership on behalf of another person and group membership, were each marked "Not Applicable" in the filing.

What Was Disclosed

Two related entities, MMCAP International Inc. SPC and MM Asset Management Inc., filed a Schedule 13G disclosing shared beneficial ownership of 990,000 units, representing 9.7% of BHAV Acquisition Corp II, triggered by an event on October 30, 2026.