Corporate ActionJun 26, 2026, 04:16 PM
Futurewave Acquisition Corp Closes $86.25M IPO
AI Summary
Futurewave Acquisition Corp announced the closing of its initial public offering (IPO), raising aggregate gross proceeds of $86,250,000. The offering included 8,625,000 units, priced at $10.00 each, which incorporated the full exercise of the underwriters' over-allotment option. Each unit comprises one ordinary share, one-fourth of an ordinary share right, and one redeemable warrant. The units commenced trading on The Nasdaq Capital Market under the ticker symbol "FWACU" on June 25, 2026.
Key Highlights
- Closed initial public offering (IPO) of 8,625,000 units.
- Aggregate gross proceeds of $86,250,000 before deductions.
- Units offered at $10.00 per unit, including over-allotment option.
- Each unit consists of one ordinary share, one-fourth right, and one redeemable warrant.
- Units began trading on Nasdaq under "FWACU" on June 25, 2026.
- Ordinary shares, rights, and warrants expected to trade as "FWAC," "FWACR," and "FWACW."
Price Impact
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