East West Ave Acquisition Corp (Nasdaq: EWAV), a blank check company, announced that starting August 14, 2026, holders of the 10,000,000 units sold in its initial public offering may elect to separately trade the common stock and rights included in those units.
Any units that remain combined will continue trading on the Nasdaq Global Market under the symbol “EWAVU”. The separated common stock and rights will trade under the symbols “EWAV” and “EWAVR”, respectively. According to the company, unit holders must have their brokers contact the transfer agent, VStock Transfer LLC, to effect the separation into common stock and rights.
The units were initially offered in an underwritten offering for which D. Boral Capital LLC acted as sole book-running manager. A registration statement on Form S-1 (File No. 333-295205) was declared effective by the SEC on July 13, 2026. The company notes that the announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such actions would be unlawful.
East West Ave Acquisition Corp. (NASDAQ: EWAVU) closed its previously announced IPO of 10,000,000 units at $10.00 per unit, raising gross proceeds of $100 million. The units began trading on the Nasdaq Global Market under the ticker “EWAVU” on July 30, 2026.
Each unit consists of one share of common stock and one right to receive one-fourth of one share of common stock upon completion of an initial business combination. Following separation, the common stock and rights are expected to trade on Nasdaq under “EWAV” and “EWAVR”, respectively. Funds in the Company’s trust account, including interest, will not be used to pay taxes associated with its Nevada incorporation; sponsors will instead provide loans as working capital to cover such taxes from accounts outside the trust.
D. Boral Capital LLC served as sole book-running manager. Underwriters hold a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. The SEC declared the Form S-1 registration statement effective on July 13, 2026.
East West Ave Acquisition Corp. (NASDAQ: EWAVU) priced its initial public offering of 10,000,000 units at $10.00 per unit, for gross proceeds of $100 million. The units are expected to begin trading on the Nasdaq Global Market under the symbol “EWAVU” on July 31, 2026.
Each unit consists of one share of common stock and one right to receive one-fourth of one share of common stock upon completion of an initial business combination. Once separately traded, the common stock and rights are expected to list on Nasdaq under “EWAV” and “EWAVR”, respectively. D. Boral Capital is acting as sole book-running manager, and underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. The offering is expected to close on August 3, 2026, subject to customary conditions, following the SEC’s effectiveness of the Form S-1 registration statement on July 13, 2026.