Recent Updates — FWAC

Futurewave Acquisition Corp announced the execution of a definitive Agreement and Plan of Merger with Olympian Group Inc., a Cayman Islands holding company specializing in integrated chip and electronic component solutions. The transaction involves a reincorporation merger followed by an acquisition merger, resulting in Olympian becoming a wholly owned subsidiary of the surviving entity, PubCo. Upon closing, Olympian shareholders will receive 40,000,000 Purchaser ordinary shares valued at $10.00 per share, reflecting an agreed Company net value of $400,000,000. The combined company is expected to be listed on Nasdaq under the ticker FWAC. Futurewave operates as a special purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses.