East West Ave sponsor discloses founder share stake
East West Ave Acquisition Corp. reports the initial beneficial ownership of NFR Capital Ltd, a greater-than-10% owner and one of its two sponsors.
Rhea-AI Filing Summary
East West Ave Acquisition Corp. reports the initial beneficial ownership of NFR Capital Ltd, a greater-than-10% owner and one of its two sponsors. NFR Capital is the record holder of founder and private placement securities, including 560,000 founder shares acquired for $4,872, 80,000 Private Units bought at $10.0 per unit, and 20,000 shares of common stock issuable upon conversion of private rights attached to those units, which will convert into common stock upon completion of the company’s initial business combination.
Positive
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Negative
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
NFR CAPITAL Ltd
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Private Rights F5, F4 | -- | -- | -- |
| holding | Common Stock F1, F2 | -- | -- | -- |
| holding | Common Stock F1, F3 | -- | -- | -- |
Holdings After Transaction:
Private Rights — 20,000 contracts (Direct);
Common Stock — 640,000 shares (Direct)
Footnotes (5)
- F1. As described in the registration statement on Form S-1 (File No. 333- 295205) of East West Ave Acquisition Corp. (the "Issuer"), NFR Capital Limited (the "Sponsor B"), one of the two sponsors of the Issuer, is the record holder of the shares reported herein.
- F2. On March 5, 2026 the East West Avenue LLC (the "Sponsor A"), one of the two sponsors of the Issuer, entered into a securities assignment agreement with Sponsor B, pursuant to which, the Sponsor B acquired 560,000 founder shares for $4,872, for a per share consideration of $0.0087, upon the effectiveness of the registration statement.
- F3. Simultaneously with the consummation of the initial public offering of the Issuer, the Sponsor acquired 80,000 private units (the "Private Units") of the Issuer in a private placement (the "Private Placement") at a purchase price of $10.0 per Private Unit. Each Private Unit consists of one share of common stock, and one right to receive one-fourth (1/4) of one share of common stock.
- F4. Represents 20,000 shares of common stock of the Issuer issuable upon conversion of 80,000 private rights of the Issuer, each private right of the Issuer entitling the holder to receive one-fourth (1/4) of one share of common stock of the Issuer, underlying the Private Units acquired by the Sponsor in the Private Placement.
- F5. As described in the Rights Agreement dated July 30, 2026, between the Issuer and VStock Transfer, LLC, which is filed as Exhibit 4.4 of the Registration Statement, each private right of the Issuer will automatically convert into one-fourth (1/4) of one share of common stock of the Issuer upon the completion of the Issuer's initial business combination.
Key Figures
Founder shares: 560,000 shares
Founder share purchase price: $4,872
Founder share price per share: $0.0087 per share
+3 more
6 metrics
Founder shares
560,000 shares
Founder shares acquired by Sponsor B upon effectiveness of the registration statement
Founder share purchase price
$4,872
Aggregate price paid by Sponsor B for 560,000 founder shares
Founder share price per share
$0.0087 per share
Per share consideration for founder shares in securities assignment agreement
Private Units acquired
80,000 units
Private Units purchased simultaneously with IPO in a Private Placement
Private Unit price
$10.0 per unit
Purchase price of each Private Unit in the Private Placement
Shares issuable from private rights
20,000 shares
Common shares issuable upon conversion of 80,000 private rights (1/4 share per right)
Key Terms
founder shares, Private Units, Private Placement, Rights Agreement, +1 more
5 terms
Private Units financial
"the Sponsor acquired 80,000 private units (the "Private Units") of the Issuer in a private placement"
Private Placement financial
"acquired by the Sponsor in the Private Placement at a purchase price of $10.0 per Private Unit"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Rights Agreement regulatory
"As described in the Rights Agreement dated July 30, 2026, between the Issuer and VStock Transfer, LLC"
A rights agreement is a contract that grants existing shareholders special rights—commonly the option to buy additional shares at a set price or to trigger protections if a takeover is attempted. Think of it like a neighborhood watch rule that lets current homeowners buy extra lots or lock the gate when an outsider tries to take over the block; it matters to investors because it can dilute or protect share value and influence takeover outcomes.
initial business combination financial
"each private right of the Issuer will automatically convert ... upon the completion of the Issuer'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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the reporting owner in East West Ave Acquisition Corp. (EWAVU)'s Form 3?
The reporting owner is NFR Capital Ltd, identified as a greater-than-10% owner and one of the two sponsors of East West Ave Acquisition Corp., and is the record holder of the shares reported as described in the company’s registration statement.
What private units in East West Ave Acquisition Corp. does NFR Capital Ltd hold?
Simultaneously with the issuer’s IPO, the sponsor acquired 80,000 Private Units at $10.0 per unit. Each Private Unit consists of one share of common stock and one right to receive one-fourth of one share of common stock in East West Ave Acquisition Corp.
When will NFR Capital Ltd’s private rights in East West Ave Acquisition Corp. convert into common stock?
Under the Rights Agreement, each private right will automatically convert into one-fourth of one share of common stock upon completion of East West Ave Acquisition Corp.’s initial business combination, creating 20,000 shares from the 80,000 private rights reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
