Financing ·
East West Ave Acquisition Corp. consummated its initial public offering on August 3, 2026, selling 10,000,000 units at…
EWAVEast West Ave Acquisition Corp.
East West Ave Acquisition Corp. consummated its initial public offering on August 3, 2026, selling 10,000,000 units at $10.00 per unit for gross proceeds of $100,000,000. Each unit consists of one share of common stock and one right to acquire one-fourth of a share upon completion of an initial business combination. Concurrently, the company sold 272,500 private units to sponsors East West Avenue LLC and NFR Capital Limited for $2,725,000. A total of $100,500,000 was placed in a trust account with Equiniti Trust Company, LLC. The underwriters waived their 45-day over-allotment option in full, resulting in the forfeiture of 375,000 founder shares. Transaction costs totaled $2,087,724, including cash underwriting fees and the fair value of representative shares. East West Ave Acquisition Corp. operates as a blank check company formed to effect a merger or business combination with one or more target businesses.