East West Ave Acquisition Corp. (EWAVU) sponsor buys private units and rights
Rhea-AI Filing Summary
East West Avenue LLC, the sponsor and a 10% owner of East West Ave Acquisition Corp., reported buying 192,500 shares of common stock and 192,500 private rights in a private placement at $10.0 per Private Unit. After the transaction it holds 2,507,500 common shares plus rights convertible into 48,125 additional shares upon completion of the initial business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 192,500 shares
Net Buy
2 txns
Insider
East West Avenue LLC
Role
10% Owner
Bought
385,000 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Private Rights F1, F2, F4, F3 | 192,500 | -- | -- |
| Purchase | Common Stock F1, F2 | 192,500 | -- | -- |
Holdings After Transaction:
Private Rights — 192,500 shares (Direct);
Common Stock — 2,507,500 shares (Direct)
Footnotes (4)
- F1. As described in the registration statement on Form S-1 (File No. 333- 295205) of East West Ave Acquisition Corp. (the "Issuer"), East West Avenue LLC (the "Sponsor"), a sponsor of the Issuer, is the record holder of the shares reported herein.
- F2. Simultaneously with the consummation of the initial public offering of the Issuer, the Sponsor acquired 192,500 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.
- F3. Represents 48,125 shares of common stock of the Issuer issuable upon conversion of 192,500 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.
- F4. 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
Private Units purchased: 192,500 Private Units
Common stock purchased: 192,500 shares
Private rights acquired: 192,500 private rights
+3 more
6 metrics
Private Units purchased
192,500 Private Units
Acquired by East West Avenue LLC in a private placement at $10.0 per Private Unit
Common stock purchased
192,500 shares
Shares of common stock included in the 192,500 Private Units acquired
Private rights acquired
192,500 private rights
Rights component of the Private Units acquired on 2026-07-31
Underlying shares from rights
48,125 shares
Common shares issuable upon conversion of 192,500 private rights at one-fourth share per right
Common stock held after transaction
2,507,500 shares
Total common stock beneficially owned by East West Avenue LLC following the purchase
Purchase price per Private Unit
$10.0 per Private Unit
Price paid by East West Avenue LLC in the private placement concurrent with the IPO
Key Terms
Private Units, private placement, Rights Agreement, initial public offering, +1 more
5 terms
Private Units financial
"acquired 192,500 private units (the "Private Units") of the Issuer in a private placement"
private placement financial
"acquired 192,500 private units ... of the Issuer in a private placement"
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 financial
"As described in the Rights Agreement dated July 30, 2026, between the Issuer"
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 public offering financial
"Simultaneously with the consummation of the initial public offering of the Issuer"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
initial business combination financial
"will automatically convert into one-fourth (1/4) of one share ... 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider purchase did East West Ave Acquisition Corp. (EWAVU) disclose?
East West Avenue LLC purchased 192,500 Private Units, each containing one share of common stock and one private right, in a private placement at $10.0 per unit. The transaction occurred simultaneously with East West Ave Acquisition Corp.’s initial public offering.
What are the private rights reported for East West Ave Acquisition Corp. (EWAVU)?
The filing shows 192,500 private rights, each entitling the holder to receive one-fourth (1/4) of one share of common stock. In total, these rights are convertible into 48,125 shares once East West Ave Acquisition Corp. completes its initial business combination.
At what price did the sponsor buy securities of East West Ave Acquisition Corp. (EWAVU)?
East West Avenue LLC acquired 192,500 Private Units at a purchase price of $10.0 per Private Unit in a private placement. Each unit consists of one share of common stock and one private right linked to future share issuance.
Were East West Ave Acquisition Corp. (EWAVU) insider trades made under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, so these transactions are not affirmed as executed under a Rule 10b5-1 trading plan. The accompanying footnotes instead describe a private placement concurrent with the initial public offering.