Futurewave Acquisition Corp (symbol: FWAC) is the issuer of record for a Form 8-K filing submitted to the SEC.
Futurewave Acquisition Corp (symbol FWAC) discloses that its sponsor, Futurewave Capital Solutions Ltd, and Daniel M. McCabe together beneficially own 3,955,625 Ordinary Shares, representing 30.8% of the outstanding Ordinary Shares. The sponsor is the record holder of all these shares.
The position includes 3,700,125 Founder Shares bought for $25,000 and 255,500 Private Units bought for $2,555,000 at $10.00 per unit, for a total of $2,580,000. FWAC is a blank check company formed to pursue an Initial Business Combination, and the sponsor and insiders have agreed to vote for a future business combination, not redeem these shares, and are subject to lock‑up, escrow, and registration‑rights arrangements.
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.
Futurewave Acquisition Corporation, a Cayman Islands blank check company, reported its first quarter as a public entity for the quarter ended June 30, 2026. Following its June 26 IPO of 8,625,000 units at $10.00 per unit and a private placement of 255,500 units at $10.00, total assets were $87.5 million, including $86.3 million of investments held in a Trust Account and $0.9 million of cash for working capital.
The company recorded a net loss of $63,161 for the quarter, driven by $81,170 of general and administrative expenses, partially offset by interest income on the Trust and bank accounts. As of June 30, 2026, there were 8,625,000 ordinary shares subject to possible redemption and 4,214,375 non-redeemable ordinary shares outstanding. Management discloses substantial doubt about the company’s ability to continue as a going concern if it cannot complete a business combination by June 26, 2027. The report also states that disclosure controls and procedures were ineffective as of quarter end.