New Listings Nasdaq: East West Ave SPAC Prices $100M IPO

East West Ave Acquisition Corp. priced a $100 million initial public offering on July 30, adding a blank-check name to the new listings on Nasdaq for the summer. The offering closed on August 3, and the company reported the closing in an 8-K that reached EDGAR on August 5, attaching both the pricing and closing press releases.

Key takeaways

• 10,000,000 units priced at $10.00 each, for $100 million in gross proceeds before the over-allotment option.
• Units trade on the Nasdaq Global Market under “EWAVU.” The pricing release said trading would begin July 31; the closing release says it began July 30.
• Each unit combines one share of common stock with one right to receive one-fourth of one share upon a business combination.
• D. Boral Capital LLC was sole book-running manager. The 8-K says the underwriters’ representative forfeited the 1,500,000-unit over-allotment option in full at closing.
• The offering closed on August 3, 2026, alongside a $2,725,000 private sale of 272,500 units to the sponsors.

Deal terms

Item	Detail
Units	10,000,000
Price	$10.00 per unit
Exchange	Nasdaq Global Market
Unit ticker	EWAVU
Expected separate tickers	EWAV (common stock), EWAVR (rights)
Over-allotment	1,500,000 units; forfeited at closing
Closing	August 3, 2026
Private units	272,500 at $10.00 ($2,725,000)

Rights instead of warrants

Many recent SPAC units pair a share with a warrant. This one uses a right. Each right entitles its holder to one-fourth of one share of common stock once the company completes an initial business combination. There is no exercise price to pay, which separates a right from a warrant, and the holder receives the fractional share only if a deal closes.

When the common stock and rights begin separate trading, the company expects them to list on Nasdaq as “EWAV” and “EWAVR.”

An open mandate

The company calls itself a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination with one or more businesses. Its release says the target search will not be limited to a particular industry or geographic region. Unlike Samos Energy Acquisition Corp., an energy-focused vehicle that priced in July, East West Ave has not signaled a sector. The 8-K describes the company as a Nevada corporation.

Molly Huang is listed as chief executive officer and investor contact.

Registration details

The release states that the registration statement on Form S-1 (File No. 333-295205) was declared effective by the SEC on July 13, 2026, more than two weeks before pricing. D. Boral Capital is the source named for prospectus copies, and the offering was made only by prospectus. D. Boral Capital, as representative of the underwriters, also received 75,000 shares of common stock as part of its compensation.

What to watch

The practical marker for anyone following the IPO calendar is the date separate trading starts for the common stock and rights. Because the over-allotment option was forfeited, the public raise stays at $100 million, and the 8-K says 375,000 founder shares held by one sponsor will be forfeited as a result. The company has not announced a merger target, so any business combination would come in later filings.

How it fits the summer’s SPAC pricings

The deal is the smaller kind: $100 million, one sole book-runner, and a unit built around a right. That puts it well below the $200 million raise by Samos Energy Acquisition Corp. on the NYSE earlier in July. The common thread is the structure. Public investors fund a trust-style vehicle first, and a target gets chosen later, so the early filings describe only terms, underwriters and tickers.

For readers building an IPO calendar from EDGAR, the 8-K is the confirmation that the deal closed on schedule. It is the registration statement and prospectus that carry the risk disclosures, including those the press release points to in the Risk Factors section.