Monitor for business combination target announcements, as the SPAC now has a trust account to fund an acquisition. The stock is expected to trade near the trust value of $10.05 per unit until a deal is announced. Key risks include failure to find a target within the required timeframe and potential redemption pressure.
Price Chart
Executive Summary
East West Ave Acquisition Corp. (EWAV) filed an 8-K detailing its initial public offering of 10,000,000 units at $10.00 per unit, with an over-allotment option for up to 1,500,000 additional units. The offering raises up to $100 million in gross proceeds (plus $2.725 million in a concurrent private placement to sponsors), of which $100.5 million will be deposited in a trust account for a future business combination. The filing also includes the adoption of amended bylaws and a registration rights agreement, standard for a SPAC IPO.
Key Financial Metrics
Key Facts
- IPO of 10,000,000 units at $10.00 per unit, each unit consisting of one share of common stock and one right to receive 1/4 share upon business combination
- Over-allotment option for up to 1,500,000 additional units exercisable within 45 days
- Concurrent private placement of 272,500 units at $10.00 per unit to sponsors for $2,725,000
- Trust account to receive $100,500,000 from the offering and private placement proceeds
- Sponsors currently hold 2,875,000 founder shares (purchased for $25,000), up to 375,000 of which are subject to forfeiture depending on over-allotment exercise
- Representative shares of 75,000 (up to 86,250) and deferred underwriting compensation shares of 150,000 (up to 172,500) to be issued
- Amended and restated bylaws and registration rights agreement filed as exhibits
Financial Impact
Gross proceeds of up to $100 million from the IPO firm units, plus up to $15 million from over-allotment, and $2.725 million from private placement. Net proceeds deposited in trust account: $100.5 million initially.
Risk Factors
- No identified business combination target; risk of liquidation if no deal is completed within the required time
- Dilution from rights and potential over-allotment exercise
- Sponsor and insider shares subject to lock-up periods post-business combination
- Market conditions may affect ability to consummate a deal
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-036082 |
| Exhibit: ex10-5.htm | 0001493152-26-036082 |
| Exhibit: ex3-2.htm | 0001493152-26-036082 |
| Exhibit: ex10-4.htm | 0001493152-26-036082 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 11w ago | 8-K | — | awaiting T+20 | — | — |
Aug 4, 2026 11w ago | Insider Buy | — | awaiting T+20 | — | — |
Aug 4, 2026 11w ago | 3 | — | awaiting T+20 | — | — |
Jul 14, 2026 15w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 17, 2026 18w ago | 3 | — | awaiting T+20 | — | — |
Jun 17, 2026 18w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 5, 2026 20w ago | S-1/A | — | awaiting T+20 | — | — |
Jun 2, 2026 20w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers