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Recent Updates — EWAVU

August 4, 2026View Source ↗

East West Ave Acquisition Corporation 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 comprises one share of common stock and a right to acquire one-fourth of a share upon completion of an initial business combination. Substantially concurrently with the IPO closing, the company sold 272,500 private units to sponsors for $2,725,000. A total of $100,500,000 was deposited into a trust account. The company appointed Samir Parikh, Irfan Verjee, and Masahiro Honna as independent directors, with Honna designated as the audit committee financial expert. East West Ave Acquisition Corp. operates in the special purpose acquisition company (SPAC) industry, formed to effect a merger or business combination with one or more target businesses.