Quarterly ResultAug 13, 2026, 04:23 PM
Futurewave Acquisition Corp Reports Q2 2026 Financials Post-IPO
AI Summary
Futurewave Acquisition Corp, a newly organized blank check company, reported its unaudited condensed financial statements for the three months ended June 30, 2026. The company completed its Initial Public Offering (IPO) on June 26, 2026, raising $86.25 million, and simultaneously sold Private Placement Units for $2.555 million. As of June 30, 2026, the company held $86,266,605 in its Trust Account and reported a net loss of $63,161 for the period. Management noted a going concern consideration due to the reliance on completing a business combination within the prescribed timeline.
Key Highlights
- IPO completed on June 26, 2026, generating gross proceeds of $86,250,000.
- Private Placement Units sold for $2,555,000 simultaneously with the IPO.
- Investments held in Trust Account totaled $86,266,605 as of June 30, 2026.
- Cash balance was $851,297 as of June 30, 2026.
- Net loss for the three months ended June 30, 2026, was $63,161.
- Total assets amounted to $87,453,702 as of June 30, 2026.
- Working capital was $1,063,537 as of June 30, 2026.
- The company has until June 26, 2027, to complete a Business Combination.
Price Impact
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