East West Ave Acquisition (EWAVU) completes $100M SPAC IPO and trust funding

Q: How much capital did East West Ave Acquisition Corp. (EWAVU) raise in its IPO?

East West Ave Acquisition Corp. raised $100,000,000 by selling 10,000,000 units at $10.00 each. Each unit contains one common share and one right to receive one-fourth of a share upon completion of an initial business combination.

Q: What is the structure of the EWAVU units listed on Nasdaq?

Each EWAVU unit consists of one common share and one right to receive one-fourth of one common share after an initial business combination. Units trade under "EWAVU" , with common stock and rights expected to trade separately as "EWAV" and "EWAVR" .

Q: How much money did EWAVU place into its trust account after the IPO?

East West Ave Acquisition Corp. deposited $100,500,000 , or $10.05 per unit , into a trust account. These funds remain restricted until an initial business combination or specified shareholder redemption events occur within the defined 12‑ to 15‑month combination window.

Q: What private placement did the sponsors of EWAVU participate in?

The sponsors purchased 272,500 Private Units at $10.00 each, for total proceeds of $2,725,000 . Each Private Unit mirrors the IPO units’ economics and includes a share, a warrant and a right, subject to transfer restrictions until after the initial business combination.

Q: What is the deadline for East West Ave Acquisition Corp. (EWAVU) to complete a business combination?

EWAVU has 12 months from the IPO closing to complete its initial business combination, extendable to 15 months if it signs a definitive agreement by August 3, 2027. If not completed, public shares are subject to redemption from the trust account.

Q: Which new independent directors joined the EWAVU board and what is their role?

Samir Parikh, Irfan Verjee and Masahiro Honna joined as independent directors . All three serve on the audit committee, with Masahiro Honna designated as an “audit committee financial expert” under SEC rules and serving as the committee’s chair.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

East West Ave Acquisition Corp., a Nevada blank check company, completed its initial public offering of 10,000,000 units at $10.00 per unit, generating $100,000,000 in gross proceeds. Each unit includes one common share and one right to receive one-fourth of a share upon completion of an initial business combination.

Substantially concurrently, the company sold 272,500 Private Units to its sponsors at $10.00 per unit for $2,725,000, and issued 75,000 common shares to the underwriters’ representative as compensation. When the over-allotment option was forfeited, 375,000 founder shares held by a sponsor were forfeited without consideration.

A total of $100,500,000, or $10.05 per unit, from the IPO and private sale proceeds was placed in a trust account, to be released only in connection with an initial business combination or specified redemption events within a 12‑month period, extendable to 15 months if a definitive deal is signed. Three independent directors joined the board, including an audit committee financial expert, and amended and restated governing documents were adopted.

Filing Explained

The completed offering leaves sponsor Private Units locked until the business combination and representative shares subject to transfer, redemption, and liquidation restrictions.

The August 4 Form 8-K records that the IPO and related private issuance closed on August 3; the added holder mechanics are restrictions on sponsor securities and special terms for the underwriters’ representative shares.

The 272,500 Private Units were issued in a private sale under the Section 4(a)(2) exemption, and the sponsors agreed not to transfer the units or underlying securities until the company completes its initial business combination.

The 75,000 Representative Shares issued as underwriting compensation cannot generally be transferred or economically hedged for 180 days after IPO sales began. The Representative also waived redemption and trust-account liquidation rights for those shares and agreed to vote them in favor of an initial business combination and related extension amendment.

The stated resolution point for the trust-account framework is completion of a business combination or redemption of public shares; if no combination is completed within 12 months of the IPO, the filing permits a 15-month period only if a definitive agreement is entered by August 3, 2027.

8-K Event Classification

6 items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01

6 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance

The company amended its charter documents, bylaws, or changed its fiscal year.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

IPO units sold: 10,000,000 units IPO gross proceeds: $100,000,000 Private units sold: 272,500 units +4 more

7 metrics

IPO units sold 10,000,000 units Initial public offering of units at $10.00 per unit

IPO gross proceeds $100,000,000 Gross proceeds from sale of 10,000,000 units

Private units sold 272,500 units Private placement of units to sponsors at $10.00 per unit

Private placement proceeds $2,725,000 Aggregate purchase price for 272,500 Private Units

Trust account balance $100,500,000 Funds deposited in trust account at $10.05 per unit

Representative shares issued 75,000 shares Common shares issued to the underwriters’ representative

Founder shares forfeited 375,000 shares Founder shares forfeited when over-allotment option was not exercised

Key Terms

blank check company, initial business combination, Investment Management Trust Agreement, audit committee financial expert, +1 more

5 terms

blank check company financial

""blank check company formed to effect a merger""

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

initial business combination financial

""upon the completion of the Company’s initial business combination""

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

Investment Management Trust Agreement financial

""the Investment Management Trust Agreement, dated July 30, 2026""

A written contract that names who will run and make investment decisions for a trust’s assets, spells out their authority, duties, fees and how performance and risks will be handled. It matters to investors because it defines who is responsible for growing and protecting the money—like hiring a caretaker with a clear job description—and sets the rules and safeguards that affect returns, costs and how disputes or withdrawals are resolved.

audit committee financial expert financial

""Honna qualifies as an audit committee financial expert""

A person on a company’s board who has deep knowledge of accounting, financial reporting and auditing, able to understand and question the books, controls and audit work like a trained mechanic inspecting an engine. Investors care because that expertise helps spot errors, weaknesses or misleading statements early, improving the likelihood that financial reports are accurate and reducing the risk of surprises that can hurt a company’s value.

forward-looking statements financial

""This press release contains forward-looking statements, including statements regarding the Company’s IPO""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/05/2026 - 06:04 AM Accepted by SEC EDGAR 08/04/2026 - 09:50 PM

FAQ

How much capital did East West Ave Acquisition Corp. (EWAVU) raise in its IPO?

East West Ave Acquisition Corp. raised $100,000,000 by selling 10,000,000 units at $10.00 each. Each unit contains one common share and one right to receive one-fourth of a share upon completion of an initial business combination.

What is the structure of the EWAVU units listed on Nasdaq?

Each EWAVU unit consists of one common share and one right to receive one-fourth of one common share after an initial business combination. Units trade under "EWAVU", with common stock and rights expected to trade separately as "EWAV" and "EWAVR".

How much money did EWAVU place into its trust account after the IPO?

East West Ave Acquisition Corp. deposited $100,500,000, or $10.05 per unit, into a trust account. These funds remain restricted until an initial business combination or specified shareholder redemption events occur within the defined 12‑ to 15‑month combination window.

What private placement did the sponsors of EWAVU participate in?

The sponsors purchased 272,500 Private Units at $10.00 each, for total proceeds of $2,725,000. Each Private Unit mirrors the IPO units’ economics and includes a share, a warrant and a right, subject to transfer restrictions until after the initial business combination.

What is the deadline for East West Ave Acquisition Corp. (EWAVU) to complete a business combination?

EWAVU has 12 months from the IPO closing to complete its initial business combination, extendable to 15 months if it signs a definitive agreement by August 3, 2027. If not completed, public shares are subject to redemption from the trust account.

Which new independent directors joined the EWAVU board and what is their role?

Samir Parikh, Irfan Verjee and Masahiro Honna joined as independent directors. All three serve on the audit committee, with Masahiro Honna designated as an “audit committee financial expert” under SEC rules and serving as the committee’s chair.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 4, 2026 (August 3, 2026)

East West Ave Acquisition Corporation

(Exact name of registrant as specified in its charter)

Nevada	001-43355	41-2320127
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification Number)

5725 S Valley View Blvd, Ste 5 #378094

Las Vegas, NV 89118

(Address of principal executive offices)

802-242-1238

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act.

Title of each class	Trading Symbol	Name of each exchange on which registered
Units, consisting of one share of common stock, $0.0001 par value, and one Right to acquire one-fourth of one share of common stock	EWAVU	The Nasdaq Stock Market LLC
Common stock, par value $0.0001 per share	EWAV	The Nasdaq Stock Market LLC
Rights, each whole right to acquire one-fourth of one share of common stock	EWAVR	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On July13, 2026, the Registration Statement on Form S-1 (File No. 333-295205) (the “Registration Statement”) relating to the initial public offering (the “IPO”) of East West Ave Acquisition Corporation, a Nevada corporation (the “Company”), was declared effective by the U.S. Securities and Exchange Commission. On August 3, 2026, the Company consummated the IPO of 10,000,000 units (the “Units”). Each Unit consists of one share of common stock, $0.0001 par value per share (each, a “Common Share”), and one right (each, a “Right”), each Right entitling the holder thereof to exchange for one-fourth of one Common Share upon the completion of the Company’s initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $100,000,000.

Substantially concurrently with the closing of the IPO, the Company completed the private sale of 272,500 units (the “Private Units”) to the Company’s sponsors including 192,500 Private Units issued to East West Avenue LLC, a Delaware limited liability company (“Sponsor A”); and 80,000 Private Units issued to NFR Capital Limited, a Hong Kong company (“Sponsor B,” together with Sponsor, the “Sponsors”). Each Private Unit consists of one Class A Ordinary Share, one Warrant (the “Private Warrants”), and one Right (the “Private Rights”). The Private Units are identical to the Units sold in the IPO, subject to limited exceptions as further described in the Registration Statement. The Private Units were sold at $10.00 per Unit, generating gross proceeds of $2,725,000.

The Company also issued to D. Boral Capital LLC, the representative of the underwriters of the IPO (the “Representative”), 75,000 Common Shares as part of the underwriting compensation (the “Representative Shares”) on the closing of the IPO. The Representative Shares are identical to the Common Shares included in the Units, except that the Representative has agreed not to transfer, assign, sell, pledge, or hypothecate any such Representative Shares, or subject such Representative Shares to hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of the securities by any person until 180 days immediately following the commencement of sales of the IPO pursuant to FINRA Rule 5110(e)(1), subject to exceptions pursuant to FINRA Rule 5110(e)(2), other than (i) the Representative or an underwriter or selected dealer in connection with the IPO, or (ii) a bona fide officer or partner of the Representative or of any such underwriter or selected dealer. In addition, the Representative has agreed (i) waive its redemption rights with respect to its representative shares in connection with the completion of our initial business combination, (ii) waive its redemption rights with respect to its representative shares in connection with a stockholder vote to approve an amendment to our amended and restated articles of incorporation (A) to modify the substance or timing of our obligation to redeem 100% of our public shares if we do not complete our initial business combination within the combination window, or (B) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity and (iii) waive its rights to liquidating distributions from the trust account with respect to its representative shares if we fail to complete our initial business combination within the combination window. In addition, the underwriter has agreed to vote any representative shares held by it in favor of our initial business combination and any charter amendment associated with the extension of the combination period. Upon the closing, the Representative also forfeited its over-allotment option in full, as a result of which, 375,000 founder shares issued to Sponsor A will be forfeited accordingly without any consideration.

In connection with the IPO, the Company entered into the following agreements, the forms of which were previously filed as exhibits to the Registration Statement:

	●	the Underwriting Agreement, dated July 30, 2026 (the “Underwriting Agreement”), between the Company and the Representative;

	●	the Rights Agreement, dated July 30, 2026, between the Company and VStock Transfer, LLC (“VStock”), as rights agent (the “Rights Agreement”);

	●	the Securities Transfer Agreement, dated July 30, 2026, among the Company and certain directors of the Company (the “Securities Transfer Agreement”);

	●	certain private unit subscription agreement, dated July 30, 2026, between the Company and the Sponsor A (the “Sponsor A Private Unit Subscription Agreement”);

	●	certain private unit subscription agreement, dated July 30, 2026, between the Company and the Sponsor B (the “Sponsor B Private Unit Subscription Agreement”, with the “Sponsor A Private Unit Subscription Agreement”, the “Private Unit Subscription Agreements”);

	●	the Investment Management Trust Agreement, dated July 30, 2026, between the Company and Equiniti Trust Company, LLC (“Equiniti”), as trustee;

	●	the Registration Rights Agreement, dated July 30, 2026, among the Company, the Representative, the Sponsors, and certain officers and directors of the Company;

	●	the Letter Agreement, dated July 30, 2026, among the Company, the Sponsors, and certain officers and directors of the Company;

	●	the Indemnity Agreement, dated July 30, 2026, between the Company and each of the officers and directors of the Company; and

	●	the Administrative Services Agreement, dated July 30, 2026, between the Company and Sponsor A.

The Underwriting Agreement is filed as Exhibit 1.1, the Rights Agreement is filed as Exhibit 4.1, and the other agreements set forth above are filed as Exhibits 10.1 to 10.8, respectively, to this report, and each of such exhibits is incorporated by reference herein.

Item 3.02 Unregistered Sales of Equity Securities

Substantially concurrently with the closing of the IPO, the Company completed the private sale of 272,500 Private Units to the Sponsors for an aggregate purchase price of $2,725,000. The Private Units are identical to the Units issued in the IPO, except that the holders have agreed not to transfer, assign or sell any of the Private Units and the underlying securities (except for certain permitted transferees) until the completion of the Company’s initial business combination. The issuance of the Private Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective on July 30, 2026, in connection with the listing of the Company’s Units on the Nasdaq Global Market, Samir Parikh, Irfan Verjee and Masahiro Honna became directors of the Company.

The board of directors of the Company has determined that each of Samir Parikh, Irfan Verjee and Masahiro Honna is an independent director under the requirements of the Nasdaq listing standards and under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and has determined that Mr. Masahiro Honna qualifies as an “audit committee financial expert” as that term is defined in Item 407(d)(5) of Regulation S-K under the Exchange Act. Samir Parikh, Irfan Verjee and Masahiro Honna will serve as members of the audit committee, with Mr. Honna serving as chair of the audit committee.

Substantially concurrently with the effectiveness of the registration statement and closing of the IPO, the Sponsor A transferred (i) 100,000 founder shares to Ms. Huang, our CEO and President, director, (ii) 40,000 founder shares to Mr. Kerkaert, our CFO and director; (iii) 20,000 founder shares to each of Mr. Parikh and Honna, our directors, (iv) 10,000 founder shares to Mr. Verjee, our director, pursuant to certain Securities Transfer Agreement. The Company will reimburse the officers and directors for reasonable out-of-pocket expenses incurred by them in connection with certain activities on the Company’s behalf such as identifying and investigating possible target businesses and business combinations. Upon the closing, the Representative also forfeited its over-allotment option in full, as a result of which, 375,000 founder shares issued to Sponsor A will be forfeited accordingly without any consideration.

Other than as set forth in Item 1.01 of this report and the Registration Statement, none of the directors mentioned above are party to any arrangement or understanding with any person pursuant to which they were appointed as directors, nor are they party to any transactions involving the Company required to be disclosed under Item 404(a) of Regulation S-K.

Item 5.03 Amendments to the Memorandum and Articles of Association.

On July 31, 2026, the Company adopted its Amended and Restated Articles of Incorporation, effective immediately. The Amended and Restated Articles of Incorporation and Bylaws are filed as Exhibit 3.1 and Exhibit 3.2 to this report and is incorporated by reference herein.

Item 8.01 Other Events.

A total of $100,500,000 ($10.05 per unit), from the proceeds of the IPO and the sale of the Private Units (net of transaction expenses and working capital) were placed in the Company’s trust account. Except with respect to interest earned on the funds in the trust account that may be released to the Company to pay dissolution expenses up to $100,000, the proceeds from the IPO and the sale of the Private Units held in the trust account will not be released until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of any public shares properly tendered in connection with a shareholder vote to amend the Company’s Amended and Restated Articles of Incorporation to (A) modify the substance or timing of the Company’s obligation to allow redemption in connection with an initial business combination or to redeem 100% of the Company’s public shares if the Company does not complete the Company’s initial business combination within 12 months from the consummation of the IPO (or 15 months if the Company enters into a definitive business combination agreement by August 3, 2027), or (B) with respect to any other provision relating to shareholders’ rights or pre-business combination activity, and (iii) the redemption of all the Company’s public shares if the Company is unable to complete its initial business combination within 12 months from the consummation of the IPO (or 15 months if the Company enters into a definitive business combination agreement by August 3, 2027), subject to applicable law. The company’s sponsors will provide loans to cover any tax obligations associated with the company’s Nevada incorporation, ensuring that funds held in the trust account are not used for such payments.

On July 31, 2026, the Company issued a press release, a copy of which is filed as Exhibit 99.1 to this report, announcing the pricing of the IPO.

On August 3, 2026, the Company issued a press release, a copy of which is filed as Exhibit 99.2 to this report, announcing the closing of the IPO.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description of Exhibits
1.1		Underwriting Agreement, dated July 30, 2026, by and between the Company and the Representative.

3.1		Amended and Restated Articles of Incorporation, dated July 31, 2026.

3.2		Bylaws.

4.1		Rights Agreement, dated July 30, 2026, between the Company and VStock, as rights agent.

10.1		Securities Transfer Agreement, dated July 30, 2026, among the Company and certain directors of the Company.

10.2		Private Unit Subscription Agreement, dated July 30, 2026, between the Company and the Sponsor A.

10.3		Private Unit Subscription Agreement, dated July 30, 2026, between the Company and the Sponsor B.

10.4		Investment Management Trust Agreement, dated July 30, 2026, between the Company and Equiniti, as trustee.

10.5		Registration Rights Agreement, dated July 30, 2026, among the Company, the Sponsors, and certain officers and directors of the Company.

10.6		Letter Agreement, dated July 30, 2026, among the Company, the Sponsors, and certain officers and directors of the Company.

10.7		Indemnity Agreement, dated July 30, 2026, among the Company, and certain officers and directors of the Company

10.8		Administrative Services Agreement dated July 30, 2026 between the Company and East West Avenue LLC.

99.1		Press Release, dated July 30, 2026.

99.2		Press Release, dated August 3, 2026

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	East West Ave Acquisition Corp.

	By:	/s/ Maoli (Molly) Huang
	Name:	Maoli (Molly) Huang
	Title:	Chief Executive Officer

Date: August 4, 2026

Exhibit 99.1

EAST WEST AVE ACQUISITION CORP. ANNOUNCES PRICING OF $100 MILLION INITIAL PUBLIC OFFERING

NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) – East West Ave Acquisition Corp. (NASDAQ: EWAVU) (the “Company”) announced the pricing of its initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under “EWAVU” beginning 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 consummation of an initial business combination. Upon separate trading, the common stock and rights are expected to be listed on Nasdaq under “EWAV” and “EWAVR” respectively.

D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments. The offering is expected to close on August 3, 2026, subject to customary closing conditions.

A registration statement on Form S-1 (File No. 333- 295205) for these securities was declared effective by the SEC on July 13, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained, from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at dbccapitalmarkets@dboralcapital.com. Copies of the registration statement can also be obtained by visiting EDGAR on the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.

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 “forward-looking statements,” including statements regarding the Company’s IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond the Company’s control, including those in the Risk Factors section of the Company’s registration statement filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations, except as required by law.

Contact

East West Ave Acquisition Corp.

Molly Huang

Chief Executive Officer

ir@eastwestave.com

Exhibit 99.2

EAST WEST AVE ACQUISITION CORP. ANNOUNCES CLOSING OF $100 MILLION INITIAL PUBLIC OFFERING

NEW YORK, August 3, 2026 (GLOBE NEWSWIRE) – East West Ave Acquisition Corp., a Nevada corporation (NASDAQ: EWAVU) (the “Company”), announced the closing of its previously announced initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units commenced trading on the Nasdaq Global Market (“Nasdaq”) under “EWAVU” beginning 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 consummation of an initial business combination. Upon separate trading, the common stock and rights are expected to be listed on Nasdaq under “EWAV” and “EWAVR” respectively.

The funds held in the trust account of the Company (the “Trust Account”), including the interest earned on the funds held in the Trust Account, will not be used to pay any federal, state, local, excise or other tax associated with the Company being a Nevada corporation. The sponsors of the Company will provide sufficient loans as working capital to the Company to pay any such taxes owed from an account other than the Trust Account.

D. Boral Capital LLC acted as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments.

A registration statement on Form S-1 (File No. 333- 295205) for 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 the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at dbccapitalmarkets@dboralcapital.com. Copies of the registration statement can also be obtained by visiting EDGAR on the SEC’s website at www.sec.gov.