Corporate ActionAug 3, 2026, 04:08 PM
EWAV Closes $100M Initial Public Offering
AI Summary
East West Ave Acquisition Corp. announced the closing of its initial public offering (IPO) of 10,000,000 units at $10.00 per unit. The units began trading on the Nasdaq Global Market under the symbol "EWAVU" on July 30, 2026. Each unit comprises one share of common stock and one-fourth of one right to receive a share of common stock upon a business combination. D. Boral Capital LLC acted as the sole book-running manager for the offering.
Key Highlights
- Initial public offering (IPO) of 10,000,000 units closed.
- Units were priced at $10.00 per unit.
- Units commenced trading on Nasdaq under "EWAVU" on July 30, 2026.
- Each unit consists of one share of common stock and one right to receive one-fourth of one share of common stock.
- Common stock and rights are expected to trade separately under "EWAV" and "EWAVR" respectively.
- Underwriters have a 45-day option to purchase up to 1,500,000 additional units.
Price Impact
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