Welcome to our dedicated page for Lightwave Acqsn news (Ticker: LWAC), a resource for investors and traders seeking the latest updates and insights on Lightwave Acqsn stock.
LightWave Acquisition Corp. (LWAC) is presented as a blank check company and newly organized special purpose acquisition company formed as a Cayman Islands exempted company. Its news flow, based on available disclosures, centers on its initial public offering of units on the Nasdaq market and related capital-raising activities.
News items for LightWave Acquisition Corp. include announcements about the pricing of its initial public offering and the subsequent closing of that offering. These updates describe the number of units offered, the fixed offering price per unit, and the structure of each unit, which consists of one Class A ordinary share and one-half of one redeemable warrant. They also outline the exercise terms of the warrants and the expected trading symbols for the units, Class A ordinary shares, and warrants on Nasdaq.
Additional coverage highlights the role of the underwriters, including the grant and exercise of an over-allotment option to purchase additional units. The company’s press releases also reference the effectiveness of its registration statement with the U.S. Securities and Exchange Commission and reiterate that the offering is made only by means of a prospectus, along with standard securities law disclaimers.
Investors and observers following LWAC news can use this page to review these offering-related announcements and any subsequent disclosures about its efforts to pursue and consummate a business combination with one or more businesses, as described in its public statements.
LightWave Acquisition Corp. (NASDAQ:LWAC) has successfully completed its initial public offering (IPO), raising $215.625 million through the sale of 21,562,500 units at $10.00 per unit. This includes the full exercise of the underwriters' over-allotment option for an additional 2,812,500 units.
Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share. The units currently trade under "LWACU" on Nasdaq, with the shares and warrants to trade separately under "LWAC" and "LWACW" respectively. BTIG, LLC serves as the sole book-running manager, with Roberts and Ryan, Inc. as co-manager.
LightWave Acquisition Corp. (NASDAQ:LWAC) has announced the pricing of its initial public offering of 18,750,000 units at $10.00 per unit, totaling $187.5 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The units will trade on Nasdaq under "LWACU" starting June 25, 2025.
Each whole warrant becomes exercisable 30 days after the initial business combination, allowing holders to purchase one Class A ordinary share at $11.50. The underwriter has a 45-day option to purchase up to 2,812,500 additional units to cover over-allotments. BTIG, LLC serves as the sole book-running manager, with Roberts and Ryan, Inc. as co-manager.
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