Corporate ActionJul 31, 2026, 09:05 AM
East West Ave Prices IPO of 10M Units at $10.00
AI Summary
East West Ave Acquisition Corp. announced the pricing of its Initial Public Offering (IPO) of 10,000,000 units at $10.00 per unit. The units are expected to begin trading on the Nasdaq Global Market under the symbol "EWAVU" on July 31, 2026. Each unit comprises one share of common stock and one right to receive one-fourth of one share of common stock upon the consummation of an initial business combination. The offering is anticipated to close on August 3, 2026, subject to customary closing conditions.
Key Highlights
- Initial Public Offering (IPO) priced at $10.00 per unit.
- Offering consists of 10,000,000 units.
- Units expected to trade on Nasdaq under "EWAVU" starting July 31, 2026.
- Each unit includes one share of common stock and one right to receive one-fourth of one share of common stock.
- Common stock and rights expected to trade separately under "EWAV" and "EWAVR" respectively.
- Underwriters have a 45-day option to purchase up to 1,500,000 additional units.
- Offering is expected to close on August 3, 2026.
- D. Boral Capital LLC is acting as the sole book-running manager.
Price Impact
More from EWAV