East West Ave Acquisition Corp. Announces the Separate Trading of its Common Stock and Rights, Commencing on August 14, 2026

Rhea-AI Summary

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.

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New York, Aug. 11, 2026 (GLOBE NEWSWIRE) -- East West Ave Acquisition Corp. (the “Company”) (Nasdaq: EWAV), a blank check company, today announced that, commencing on August 14, 2026, holders of 10,000,000 units (the “Units”) sold in the Company’s initial public offering (the “Offering”), may elect to separately trade the common stock and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market (“NASDAQ”) under the symbol “EWAVU.” Any underlying common stock and rights that are separated will trade on the NASDAQ under the symbols “EWAV,” and “EWAVR,” respectively. Holders of Units will need to have their brokers contact the Company’s transfer agent, VStock Transfer LLC, in order to separate the holders’ Units into common stock, and rights.

The Units were initially offered by the Company in an underwritten offering. D. Boral Capital LLC acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333- 295205) relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on July 13, 2026. The Offering was made only by means of a prospectus, copies of which may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by telephone at +1 (212) 970-5150, by email at dbccapitalmarkets@dboralcapital.com, or from the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About East West Ave Acquisition Corp.

East West Ave Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s target search will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement, preliminary prospectus and final prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact:

East West Ave Acquisition Corp.
Maoli (Molly) Huang
Chief Executive Officer
ir@eastwestave.com

FAQ

When will East West Ave Acquisition Corp (Nasdaq: EWAV) units begin separate trading?

Separate trading of East West Ave Acquisition Corp common stock and rights begins on August 14, 2026. According to the company, holders of the 10,000,000 IPO units can then elect to split their units into individually tradable common stock and rights on the Nasdaq.

What ticker symbols will apply to EWAV common stock, rights, and units after August 14, 2026?

After August 14, 2026, EWAV units continue trading as “EWAVU”, common stock as “EWAV”, and rights as “EWAVR”. According to the company, only separated securities use the EWAV and EWAVR symbols, while any unseparated units remain under EWAVU on the Nasdaq Global Market.

How can EWAV unit holders separate their common stock and rights for trading?

EWAV unit holders must instruct their brokers to contact VStock Transfer LLC, the company’s transfer agent, to separate units. According to the company, this process converts each holder’s combined units into individually tradable common stock and rights, which then trade under the EWAV and EWAVR symbols.

How many units were sold in East West Ave Acquisition Corp’s initial public offering (Nasdaq: EWAV)?

East West Ave Acquisition Corp sold 10,000,000 units in its initial public offering. According to the company, these units were offered in an underwritten transaction for which D. Boral Capital LLC acted as sole book-running manager, following SEC effectiveness of the Form S-1 registration statement.

Who managed the East West Ave Acquisition Corp (EWAV) IPO and what SEC filing applies?

D. Boral Capital LLC acted as the sole book-running manager for the EWAV initial public offering. According to the company, the securities are covered by a registration statement on Form S-1 (File No. 333-295205), declared effective by the SEC on July 13, 2026.

Does the August 11, 2026 EWAV announcement constitute an offer to sell securities?

No, the August 11, 2026 announcement does not constitute an offer to sell or solicitation to buy securities. According to the company, any sale would only occur where properly registered or qualified under applicable state or jurisdictional securities laws and through the official prospectus.