AQR Discloses 1.4M Units (6.32%) Ownership in LightWave Acquisition

Rhea-AI Filing Summary

Three AQR entities report shared ownership of 1,400,000 Class A ordinary shares of LightWave Acquisition Corp., representing 6.32% of the class. The filing shows 0 shares with sole voting or dispositive power and 1,400,000 shares with shared voting and dispositive power, indicating the position is held jointly by the reporting persons rather than under sole control.

The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to influence control. Exhibit language clarifies that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.

Positive

• Material disclosure: Reporting persons state beneficial ownership of 1,400,000 Class A shares (6.32%), a significant, reportable stake.
• Clear ownership structure: Exhibit specifies that AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC and that AQR Arbitrage, LLC is controlled by AQR Capital Management, LLC.
• Certification of passive intent: Filing includes a certification that the securities were acquired and are held in the ordinary course of business and not to influence control.

Negative

• No sole authority: Each reporting person indicates 0 sole voting power and 0 sole dispositive power, limiting direct, unilateral influence.
• Limited detail on beneficiaries: The filing does not specify whether holdings are held on behalf of particular clients or accounts in the body of the schedule.

Insights

Securities Analyst

TL;DR: AQR discloses a material passive stake of 6.32% (1.4M units) held with shared voting/dispositive power.

The filing reports an aggregate beneficial ownership of 1,400,000 Class A shares (6.32%) across three AQR entities, with all voting and dispositive authority listed as shared (sole power = 0). The statement also expressly certifies the holdings were acquired in the ordinary course and not to change control, consistent with a Schedule 13G passive disclosure. For investors, this is a material institutional disclosure but does not indicate an intent to direct corporate control.

Corporate Governance Expert

TL;DR: Ownership structure is material but structured as shared, passive holdings rather than a control stake.

The exhibit clarifies inter-entity relationships: AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is controlled by AQR Capital Management, LLC. All three file jointly and assert passive status. The absence of sole voting/dispositive power suggests limited direct influence on corporate actions based on this filing alone.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LightWave Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G5490M118

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. G5490M118

1

Names of Reporting Persons

AQR Capital Management, LLC

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,400,000.00

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)

6.32 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G5490M118

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,400,000.00

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)

6.32 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. G5490M118

1

Names of Reporting Persons

AQR Arbitrage, LLC

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,400,000.00

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)

6.32 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LightWave Acquisition Corp.
(b)	Address of issuer's principal executive offices: 2735 SAND HILL RD, MENLO PARK, CALIFORNIA 94025
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC AQR Arbitrage, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES AQR Arbitrage, LLC - UNITED STATES
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G5490M118
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: 1,400,000* *Units representing 1,400,000 shares of Class A ordinary shares, par value $0.0001 per share
(b)	Percent of class: 6.32 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 1,400,000 AQR Capital Management Holdings, LLC - 1,400,000 AQR Arbitrage, LLC - 1,400,000
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 1,400,000 AQR Capital Management Holdings, LLC - 1,400,000 AQR Arbitrage, LLC - 1,400,000
Item 5.	Ownership of 5 Percent or Less of a Class.
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
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 acquired and are held in the ordinary course of business and 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.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2025

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2025

Exhibit Information

AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Arbitrage, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC.

FAQ

How many shares does AQR report owning in LightWave Acquisition (LWACU)?

The filers report beneficial ownership of 1,400,000 Class A ordinary shares, representing 6.32% of the class.

Do the AQR filers have sole voting or dispositive power over LWACU shares?

No. The filing shows 0 sole voting power and 0 sole dispositive power, with 1,400,000 shares listed as shared voting and dispositive power.

Which AQR entities filed the Schedule 13G for LWACU?

The filing was made by AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC.

Was the stake acquired to influence control of LightWave Acquisition?

The filing includes a certification stating the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control.

How are the reporting AQR entities related according to the filing?

The exhibit states AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.