East West Ave Acquisition Corp. (EWAV), a blank-check company pursuing a business combination, reported net income of $136,744 for the three months ended August 31, 2026. Quarterly results included $286,509 of Trust Account interest, $118,345 in formation and operating costs, and $31,420 in income tax expense; nine-month net income was $118,199. The company had not begun operations and said it does not expect operating revenue before a business combination.
As of August 31, 2026, the Trust Account held $100,786,509, and cash outside it was $684,291. The balance sheet classified 10,000,000 common shares as subject to possible redemption at $10.08 per share. EWAV completed its IPO of 10,000,000 units at $10.00 each on August 3, 2026, generating $100,000,000 in gross proceeds. Its initial business-combination deadline is August 3, 2027; it may extend to November 3, 2027 if it enters a definitive agreement within 12 months of the IPO closing. Management said the liquidation requirement and redeemable shares raise substantial doubt about its ability to continue as a going concern for at least one year from issuance of the financial statements.
East West Ave Acquisition Corp. (EWAV) reported that, effective September 8, 2026, its board of directors and audit committee dismissed Fortune CPA, Inc. as independent registered public accounting firm and appointed Golden Ocean FAC PAC (PCAOB ID: 7285) as auditor for the fiscal year ending November 30, 2026.
Fortune CPA’s reports on East West Ave Acquisition Corp.’s financial statements from incorporation on October 30, 2025 through November 30, 2025 contained no adverse opinion, disclaimer of opinion, or qualifications, and the company states there were no disagreements or reportable events with Fortune CPA under Regulation S-K Item 304. The company also states it had not previously consulted Golden Ocean on accounting or auditing matters before this engagement.
East West Ave Acquisition Corp. (EWAV) reported the initial equity holdings of director Masahiro Honna. On August 3, 2026, East West Avenue LLC transferred 20,000 shares of common stock of East West Ave Acquisition Corp. to Mr. Honna. As a result of this transfer, he directly owns 20,000 common shares.