The SPAC is now public and trading. Key catalysts to monitor: any S-4 registration statement or proxy filing announcing a target business combination, extension-related special resolutions if the 12-month deadline approaches without a deal, and redemption trends at the time of the business combination vote. The 12-month deadline runs from June 26, 2026.
Price Chart
Executive Summary
Futurewave Acquisition Corp filed an 8-K on June 25, 2026, disclosing the execution of an underwriting agreement for its initial public offering of 7,500,000 units at $10.00 per unit, which closed on June 26, 2026. Gross proceeds from the offering and a simultaneous private placement total approximately $77.48 million, with $75 million deposited in a trust account pending a business combination. The company also adopted amended and restated charter documents establishing its SPAC framework, including a 12-month deadline to complete a business combination or liquidate.
Key Financial Metrics
Key Facts
- Underwriting agreement for 7,500,000 units at $10.00/unit; over-allotment option for up to 1,125,000 additional units available for 45 days
- Each unit consists of one ordinary share, one redeemable warrant (exercise price $11.50), and one right to receive 1/4 ordinary share upon business combination
- Sponsor purchased 3,700,125 founder shares for $25,000 prior to the offering
- Sponsor purchased 248,000 private placement units (up to 255,500 if over-allotment exercised) at $10.00/unit, totaling $2.48 million
- $75 million placed in trust account; approximately $1.175 million released for working capital
- Business combination must be completed within 12 months (by June 2027) or company will redeem public shares and liquidate
- Representative received 225,000 ordinary shares subject to 180-day lock-up
- Public shareholders have redemption rights in connection with any business combination or certain charter amendments
Financial Impact
IPO gross proceeds of $75M from public offering plus $2.48M from private placement; $75M held in trust, ~$1.175M for working capital
Risk Factors
- No business combination target has been identified
- Must complete a business combination within 12 months or liquidate, returning trust proceeds to public shareholders
- Shareholder redemptions at the time of a business combination could reduce available capital
- Warrant and right dilution upon exercise/conversion at business combination
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-007072 |
| Document: futurewaveacq_ex1-1.htm | 0001829126-26-007072 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 28d ago | 425 | $9.95 $9.95 | · 0.00% | ▼ −0.71% | $9.95 (−0.00%) |
Sep 28, 2026 28d ago | 8-K | $9.95 $9.95 | · 0.00% | ▼ −0.71% | $9.95 (−0.00%) |
Jul 2, 2026 16w ago | 3 | — | awaiting T+20 | — | — |
Jul 2, 2026 16w ago | 3 | — | awaiting T+20 | — | — |
Jun 30, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
Jun 26, 2026 17w ago | 424B4 | — | awaiting T+20 | — | — |
Jun 25, 2026 17w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 4, 2026 20w ago | S-1/A | — | awaiting T+20 | — | — |
Jun 2, 2026 21w 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