CVI Investments, Inc. and Heights Capital Management, Inc. report beneficial ownership of 900,000 shares of East West Ave Acquisition Corp. common stock, representing 7.0% of the class. The position is held through units, each consisting of one share and a right to receive one-fourth of a share upon completion of an initial business combination. Heights Capital Management, Inc., as investment manager to CVI Investments, Inc., may exercise shared voting and dispositive power over these shares, and both reporting persons disclaim beneficial ownership beyond their pecuniary interest. The company’s prospectus indicates 12,847,500 shares outstanding upon completion of the unit offering.
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Key Figures
Beneficially owned shares:900,000 sharesPercent of class:7.0%Shares outstanding:12,847,500 shares+2 more
5 metrics
Beneficially owned shares900,000 sharesCommon stock of East West Ave Acquisition Corp. reported by each reporting person
Percent of class7.0%Ownership percentage of East West Ave Acquisition Corp. common stock
Shares outstanding12,847,500 sharesCommon stock outstanding upon completion of the unit offering in the prospectus
Unit structure1 share + right to 1/4 shareEach unit includes one common share and one right to receive one-fourth of a share
Par value$0.0001 per sharePar value of East West Ave Acquisition Corp. common stock
Key Terms
beneficial owner, pecuniary interest, Schedule 13G, Limited Power of Attorney, +1 more
5 terms
beneficial ownerfinancial
"may be deemed to be the beneficial owner of all Shares owned by CVI"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interestfinancial
"disclaims any beneficial ownership of any such Shares, except for their pecuniary interest"
Schedule 13Gregulatory
"This statement is filed by the entities listed below, who are collectively"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Limited Power of Attorneylegal
"serves as authorized agent of CVI Investments, Inc. pursuant to a Limited Power of Attorney"
Joint Filing Agreementlegal
"EXHIBIT INDEX EXHIBIT DESCRIPTION 24 Limited Power of Attorney 99 Joint Filing Agreement"
What ownership stake in EWAVU do CVI Investments and Heights Capital report?
CVI Investments and Heights Capital report beneficial ownership of 900,000 shares of East West Ave Acquisition Corp., representing 7.0% of the outstanding common stock as indicated in the company’s prospectus after completion of its unit offering.
How are the EWAVU securities held by the reporting persons structured?
The reported EWAVU position is held as units, each consisting of one common share and one right to receive one-fourth of a share upon consummation of an initial business combination, as described in the company’s prospectus.
What is Heights Capital Management’s role regarding EWAVU shares?
Heights Capital Management, Inc. acts as investment manager to CVI Investments, Inc. and may exercise shared voting and dispositive power over the 900,000 EWAVU shares reported. Both entities disclaim beneficial ownership beyond their pecuniary interest in the securities.
How many EWAVU shares were outstanding at the time referenced?
The company’s prospectus indicates there were 12,847,500 shares of East West Ave Acquisition Corp. common stock outstanding upon completion of the referenced unit offering, providing the baseline used to calculate the reported 7.0% ownership stake.
Who signed the Schedule 13G filing for EWAVU on behalf of the reporting persons?
The Schedule 13G was signed by Sarah Travis, Assistant General Counsel and Assistant Secretary of Heights Capital Management, Inc., on August 7, 2026. Heights Capital acted as authorized agent for CVI Investments, Inc. under a Limited Power of Attorney.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
East West Ave Acquisition Corp.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
275913200
(CUSIP Number)
07/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
275913200
1
Names of Reporting Persons
CVI Investments, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
900,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
900,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
900,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.0 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: With respect to Row 6 and Row 8 above, Heights Capital Management, Inc. is the investment manager to CVI Investments, Inc. and as such may exercise voting and dispositive power over the shares reported as beneficially owned by CVI Investments, Inc. herein.
SCHEDULE 13G
CUSIP Number(s):
275913200
1
Names of Reporting Persons
Heights Capital Management, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
900,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
900,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
900,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.0 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: With respect to Row 6 and Row 8 above, Heights Capital Management, Inc. is the investment manager to CVI Investments, Inc. and as such may exercise voting and dispositive power over the shares reported as beneficially owned by CVI Investments, Inc. herein.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
East West Ave Acquisition Corp.
(b)
Address of issuer's principal executive offices:
5725 S Valley View Blvd, Ste 5 #378094, Las Vegas, Nevada 89118
Item 2.
(a)
Name of person filing:
This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons," with respect to the shares of common stock of East West Ave Acquisition Corp. (the "Company"), $0.0001 par value per share (the "Shares").
(i) CVI Investments, Inc.
(ii) Heights Capital Management, Inc.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of CVI Investments, Inc. is:
P.O. Box 309GT
Ugland House
South Church Street
George Town
Grand Cayman
KY1-1104
Cayman Islands
The address of the principal business office of Heights Capital Management, Inc. is:
101 California Street, Suite 3250
San Francisco, California 94111
(c)
Citizenship:
Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(d)
Title of class of securities:
Common Stock, $0.0001 par value per share
(e)
CUSIP Number(s):
275913200
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
The Shares reported as beneficially owned herein are held as part of units. Each unit consists of one Share and one right to receive one-fourth of a Share upon the consummation of an initial business combination, as described in more detail in the Company's Prospectus (Registration No. 333-295205), filed on August 3, 2026 (the "Prospectus").
The Prospectus indicates there were 12,847,500 Shares outstanding as of the completion of the offering of the units referred to therein.
(b)
Percent of class:
7.0 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by this Item 4(c)(i) is set forth in Row 5 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(ii) Shared power to vote or to direct the vote:
The information required by this Item 4(c)(ii) is set forth in Row 6 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Heights Capital Management, Inc., which serves as the investment manager to CVI Investments, Inc., may be deemed to be the beneficial owner of all Shares owned by CVI Investments, Inc. Each of the Reporting Persons hereby disclaims any beneficial ownership of any such Shares, except for their pecuniary interest therein.
(iii) Sole power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iii) is set forth in Row 7 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iv) is set forth in Row 8 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Heights Capital Management, Inc., which serves as the investment manager to CVI Investments, Inc., may be deemed to be the beneficial owner of all Shares owned by CVI Investments, Inc. Each of the Reporting Persons hereby disclaims any beneficial ownership of any such Shares, except for their pecuniary interest therein.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
CVI Investments, Inc.
Signature:
/s/ Sarah Travis
Name/Title:
Sarah Travis, Assistant General Counsel and Assistant Secretary of Heights Capital Management, Inc.
Date:
08/07/2026
Heights Capital Management, Inc.
Signature:
/s/ Sarah Travis
Name/Title:
Sarah Travis, Assistant General Counsel and Assistant Secretary
Date:
08/07/2026
Comments accompanying signature: Heights Capital Management, Inc. serves as authorized agent of CVI Investments, Inc. pursuant to a Limited Power of Attorney, a copy of which is attached as Exhibit 24 hereto.
Exhibit Information
EXHIBIT INDEX
EXHIBIT DESCRIPTION
________ ________
24 Limited Power of Attorney
99 Joint Filing Agreement