LightWave Acquisition Corp. Announces Pricing of $187,500,000 Initial Public Offering
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.
LightWave Acquisition Corp. (NASDAQ:LWAC) ha annunciato il prezzo della sua offerta pubblica iniziale di 18.750.000 unità a 10,00 USD per unità, per un totale di 187,5 milioni di dollari. Ogni unità è composta da un'azione ordinaria di Classe A e da mezza warrant rimborsabile. Le unità saranno quotate al Nasdaq con il simbolo "LWACU" a partire dal 25 giugno 2025.
Ogni warrant intero diventerà esercitabile 30 giorni dopo la combinazione aziendale iniziale, consentendo ai titolari di acquistare un'azione ordinaria di Classe A a 11,50 USD. Il sottoscrittore ha un'opzione di 45 giorni per acquistare fino a 2.812.500 unità aggiuntive per coprire eventuali sovrassegnazioni. BTIG, LLC agisce come unico gestore del libro ordini, con Roberts and Ryan, Inc. come co-gestore.
LightWave Acquisition Corp. (NASDAQ:LWAC) ha anunciado el precio de su oferta pública inicial de 18.750.000 unidades a 10,00 USD por unidad, sumando un total de 187,5 millones de dólares. Cada unidad consta de una acción ordinaria Clase A y la mitad de un warrant redimible. Las unidades cotizarán en Nasdaq bajo el símbolo "LWACU" a partir del 25 de junio de 2025.
Cada warrant completo se podrá ejercer 30 días después de la combinación inicial de negocios, permitiendo a los tenedores comprar una acción ordinaria Clase A a 11,50 USD. El suscriptor tiene una opción de 45 días para comprar hasta 2.812.500 unidades adicionales para cubrir sobresuscripciones. BTIG, LLC actúa como único administrador del libro, con Roberts and Ryan, Inc. como coadministrador.
LightWave Acquisition Corp. (NASDAQ:LWAC)는 단위당 10.00달러로 18,750,000 단위의 초기 공개 발행 가격을 발표했으며, 총 1억 8,750만 달러에 해당합니다. 각 단위는 클래스 A 보통주 1주와 상환 가능한 워런트 0.5개로 구성됩니다. 단위는 2025년 6월 25일부터 나스닥에서 "LWACU"라는 심볼로 거래됩니다.
각 전체 워런트는 최초 사업 결합 후 30일이 지나면 행사 가능해지며, 보유자는 클래스 A 보통주 1주를 11.50달러에 구매할 수 있습니다. 인수인은 전체 배정 초과분을 커버하기 위해 최대 2,812,500 단위를 추가로 45일간 매입할 수 있는 옵션을 보유합니다. BTIG, LLC가 단독 주관사로, Roberts and Ryan, Inc.가 공동 주관사로 활동합니다.
LightWave Acquisition Corp. (NASDAQ:LWAC) a annoncé le prix de son offre publique initiale de 18 750 000 unités à 10,00 $ par unité, pour un total de 187,5 millions de dollars. Chaque unité comprend une action ordinaire de classe A et une demi-warrant remboursable. Les unités seront négociées sur le Nasdaq sous le symbole "LWACU" à partir du 25 juin 2025.
Chaque warrant complet devient exerçable 30 jours après la fusion initiale, permettant aux détenteurs d'acheter une action ordinaire de classe A à 11,50 $. Le souscripteur dispose d'une option de 45 jours pour acheter jusqu'à 2 812 500 unités supplémentaires afin de couvrir les surallocations. BTIG, LLC agit en tant que gestionnaire principal unique, avec Roberts and Ryan, Inc. en tant que co-gestionnaire.
LightWave Acquisition Corp. (NASDAQ:LWAC) hat die Preisfestsetzung ihres Initial Public Offering von 18.750.000 Einheiten zu je 10,00 USD bekanntgegeben, was insgesamt 187,5 Millionen USD entspricht. Jede Einheit besteht aus einer Stammaktie der Klasse A und einer halben einlösbaren Warrant. Die Einheiten werden ab dem 25. Juni 2025 unter dem Symbol "LWACU" an der Nasdaq gehandelt.
Jede volle Warrant wird 30 Tage nach der anfänglichen Unternehmensfusion ausübbar, wodurch Inhaber berechtigt sind, eine Stammaktie der Klasse A zu 11,50 USD zu erwerben. Der Underwriter hat eine 45-tägige Option, bis zu 2.812.500 zusätzliche Einheiten zur Deckung von Mehrzuteilungen zu kaufen. BTIG, LLC fungiert als alleiniger Bookrunner, mit Roberts and Ryan, Inc. als Co-Manager.
- IPO raises substantial capital of $187.5 million
- Potential for additional $28.1 million through over-allotment option
- Partnership with established underwriter BTIG, LLC
- Listing on major exchange (Nasdaq)
- No specific business combination target identified yet
- SPAC structure carries inherent investment risks
- Warrant dilution potential when exercised
- Time-limited structure to complete acquisition
Insights
LightWave Acquisition Corp's $187.5M SPAC IPO follows standard structure and pricing, creating a new blank check vehicle seeking acquisition targets.
LightWave Acquisition Corp has priced its
The structure follows the typical SPAC blueprint, with BTIG serving as the sole book-runner and the underwriters receiving a 45-day option to purchase up to 2.8 million additional units to cover potential over-allotments. Trading begins June 25 under "LWACU" before the units split into separate shares ("LWAC") and warrants ("LWACW").
This offering adds another blank check company to the SPAC ecosystem, with LightWave now entering the pool of SPACs seeking acquisition targets. While formed as a Cayman Islands exempted company (suggesting potential interest in international targets), the press release provides no information about LightWave's management team, target industry focus, or competitive differentiation from other SPACs currently hunting for deals.
The offering's timing comes amid evolving SPAC market conditions, where investors have become increasingly selective about which vehicles they support post-combination. Without details on LightWave's leadership or acquisition strategy, investors have limited basis for evaluating its prospects beyond the standard structure presented in this announcement.
Dallas, TX, June 24, 2025 (GLOBE NEWSWIRE) -- LightWave Acquisition Corp. (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its initial public offering of 18,750,000 units at an offering price of
BTIG, LLC is acting as sole book-running manager for the offering. Roberts and Ryan, Inc. is acting as co-manager.
The Company has granted the underwriter a 45-day option to purchase up to an additional 2,812,500 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on June 26, 2025, subject to customary closing conditions.
A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 24, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: BTIG, LLC, 65 East 55th Street New York, New York 10022, Attn: Syndicate Department, or by email at ProspectusDelivery@btig.com, or by accessing the SEC’s 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 LightWave Acquisition Corp.
LightWave Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any sector, the Company will primarily focus on target businesses in the technology industry. The Company's management team is led by Robert M. Bennett, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and William W. Bunker, its Chief Financial Officer and Vice Chairman of the Board. In addition, the Board includes Robert Hochberg, Charlotte S. Blechman, and Allen C. Dickason.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. 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 LightWave Acquisition Corp., including those set forth in the Risk Factors section of LightWave Acquisition Corp.’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC's website, www.sec.gov. LightWave Acquisition Corp. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts:
Robert Bennett
Chief Executive Officer
rbennett@firstlex.com
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