Recent Updates — EWAV
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.