Futurewave Acquisition (FWAC) sponsor details founder, private placement stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Futurewave Capital Solutions Ltd, the sponsor of Futurewave Acquisition Corp, reports initial beneficial ownership of 3,955,625 ordinary shares. This includes 3,700,125 founder shares purchased for $25,000 and 255,500 ordinary shares underlying private placement units.
The sponsor also holds 255,500 private placement warrants exercisable at $11.50 per share and private placement rights that convert into 63,875 ordinary shares upon completion of the company’s initial business combination. Both founder shares and private placement securities are subject to transfer restrictions tied to completion of the business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Futurewave Capital Solutions Ltd
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Private Placement Warrants | -- | -- | -- |
| holding | Private Placement RIghts | -- | -- | -- |
| holding | Ordinary Shares, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Private Placement Warrants — 255,500 shares (Direct, null);
Private Placement RIghts — 63,875 shares (Direct, null);
Ordinary Shares, par value $0.0001 per share — 3,955,625 shares (Direct, null)
Footnotes (1)
- The Reporting Person is the sponsor of the Issuer, a blank check company incorporated in the Cayman Islands. Robert Labbe, a director of the Issuer, owns 100% of the interest in the Reporting Person and, as a result, may be deemed to share beneficial ownership of the securities held by the Reporting Person. Robert Labbe disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. On February 28, 2026, the Reporting Person acquired 3,700,125 ordinary shares ("founder shares") for an aggregate purchase price of $25,000, pursuant to a Securities Subscription Agreement, as amended by a First Amendment to Securities Subscription Agreement dated May 28, 2026. Because the underwriters of the Issuer's initial public offering exercised their over-allotment option in full upon the closing of the offering on June 26, 2026, none of the 482,625 founder shares that had been subject to forfeiture were in fact forfeited. Simultaneously with the closing of the Issuer's initial public offering on June 26, 2026 (reflecting full exercise of the underwriters' over-allotment option), the Reporting Person purchased 255,500 private placement units at $10.00 per unit ($2,555,000 in the aggregate). Each private placement unit consists of one ordinary share, one right to receive one-fourth (1/4) of one ordinary share upon consummation of the Issuer's initial business combination, and one redeemable warrant exercisable to purchase one ordinary share at $11.50 per share. The 255,500 ordinary shares underlying such private placement units are included in the amount reported in Table I. This row reports the 255,500 warrants underlying such units. This row reports the 255,500 rights underlying the private placement units described in footnote (3). Each right automatically converts into one-fourth (1/4) of one ordinary share upon consummation of the Issuer's initial business combination (255,500 rights (division) 4 = 63,875 underlying ordinary shares); no cash consideration is payable upon conversion. The founder shares are subject to transfer restrictions until the earlier of (a) 180 days after completion of the Issuer's initial business combination or (b) the date on which the Issuer completes a liquidation, merger, share exchange, reorganization or similar transaction following its initial business combination. The private placement units (and underlying securities) are subject to transfer restrictions until 30 days after completion of the Issuer's initial business combination, in each case as further described in the Issuer's prospectus dated June 25, 2026.
Key Figures
Ordinary shares held: 3,955,625 shares
Founder shares acquired: 3,700,125 shares
Founder share purchase price: $25,000
+6 more
9 metrics
Ordinary shares held
3,955,625 shares
Total ordinary shares reported following transaction
Founder shares acquired
3,700,125 shares
Founder shares acquired on February 28, 2026
Founder share purchase price
$25,000
Aggregate consideration for founder shares
Private placement units
255,500 units
Private placement units purchased at IPO closing
Unit price
$10.00 per unit
Price paid for each private placement unit
Private placement investment
$2,555,000
Aggregate paid for private placement units
Private placement warrants
255,500 warrants
Warrants underlying private placement units
Warrant exercise price
$11.50 per share
Exercise price of private placement warrants
Rights underlying shares
63,875 shares
Ordinary shares underlying 255,500 rights
Key Terms
blank check company, beneficial ownership, founder shares, private placement units, +1 more
5 terms
blank check company financial
"the Issuer, a blank check company incorporated in the Cayman Islands"
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.
beneficial ownership financial
"may be deemed to share beneficial ownership of the securities held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
private placement units financial
"purchased 255,500 private placement units at $10.00 per unit"
redeemable warrant financial
"one redeemable warrant exercisable to purchase one ordinary share at $11.50"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
FAQ
What stake does Futurewave Capital Solutions Ltd report in Futurewave Acquisition Corp (FWAC)?
Futurewave Capital Solutions Ltd reports beneficial ownership of 3,955,625 ordinary shares of Futurewave Acquisition Corp. This total combines founder shares and ordinary shares underlying private placement units held by the sponsor as disclosed in the initial ownership filing.