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Highbridge Capital Management (FWAC) discloses 6.0% holding in Futurewave Acquisition

(Moderate)
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Highbridge Capital Management, LLC, a Delaware limited liability company and investment adviser to certain funds and accounts, reported beneficial ownership of ordinary shares of Futurewave Acquisition Corp, a Cayman Islands exempted company. Highbridge’s funds directly hold 769,970 ordinary shares, representing 6.0% of the class.

Highbridge has sole voting and sole dispositive power over these 769,970 shares and no shared voting or dispositive power. The 6.0% ownership percentage is based on 12,839,375 ordinary shares outstanding after the company’s offering, related private placement, and full exercise of the underwriters’ over-allotment option as described in the issuer’s June 2026 SEC documents.

Positive

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Negative

  • None.
Shares beneficially owned 769,970 ordinary shares Ordinary shares of Futurewave Acquisition Corp held by Highbridge-advised funds
Ownership percentage 6.0% Percentage of Futurewave Acquisition Corp ordinary shares outstanding
Shares outstanding baseline 12,839,375 ordinary shares Aggregate Futurewave Acquisition Corp ordinary shares outstanding after offering and over-allotment
Sole voting power 769,970 ordinary shares Shares over which Highbridge has sole power to vote or direct the vote
Sole dispositive power 769,970 ordinary shares Shares over which Highbridge has sole power to dispose or direct disposition
Signature date 08/14/2026 Date signed by Kirk Rule, Executive Director of Highbridge Capital Management
beneficial owner regulatory
"the beneficial owner of the securities reported herein"
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.
sole voting power regulatory
"5 | Sole Voting Power 769,970.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power regulatory
"7 | Sole Dispositive Power 769,970.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G regulatory
"This statement is filed by Highbridge Capital Management, LLC"
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.
over-allotment option financial
"full exercise of the underwriters' over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

FAQ

What stake in Futurewave Acquisition Corp (FWAC) does Highbridge Capital Management report?

Highbridge Capital Management reports beneficial ownership of 769,970 ordinary shares of Futurewave Acquisition Corp, representing 6.0% of the outstanding class, held through funds and accounts it advises.

How is Highbridge Capital Management’s 6.0% ownership in FWAC calculated?

The 6.0% ownership is calculated using 12,839,375 ordinary shares outstanding, reflecting shares after the public offering, simultaneous private placement, and full exercise of the underwriters’ over-allotment option.

What voting and dispositive powers does Highbridge have over FWAC shares?

Highbridge has sole voting power over 769,970 shares and sole dispositive power over 769,970 shares, with no shared voting or shared dispositive power reported for Futurewave Acquisition Corp shares.

Who actually receives dividends and sale proceeds from FWAC shares held by Highbridge?

The Highbridge Funds have the right to receive, or direct the receipt of, dividends and sale proceeds from the 769,970 Futurewave Acquisition Corp ordinary shares reported as beneficially owned.

Does Highbridge admit being the beneficial owner of all FWAC securities reported?

Highbridge states that this Schedule 13G should not be construed as an admission that it or any related person is, for Section 13 purposes, the beneficial owner of all securities reported.

Where is Highbridge Capital Management based according to the FWAC Schedule 13G?

Highbridge Capital Management’s principal business office is at 390 Madison Avenue, 28th Floor, New York, NY 10017, and it is organized as a Delaware limited liability company.

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

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Learn about SEC filing dates





G37073106

(CUSIP Number)
06/30/2026

(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





SCHEDULE 13G



Highbridge Capital Management, LLC
Signature:/s/ Kirk Rule
Name/Title:By: Kirk Rule, Executive Director
Date:08/14/2026