Futurewave Acquisition prices $75M IPO on Nasdaq

Futurewave Acquisition Corporation, a blank check company incorporated in the Cayman Islands, priced its initial public offering of 7,500,000 units at $10.00 per unit on June 25, 2026, according to a press release from the company.

The units are expected to trade on the Nasdaq Global Market under the ticker symbol "FWACU." Each unit consists of one ordinary share, one redeemable warrant, and one right. Each warrant entitles the holder to purchase one ordinary share at $11.50 per share, subject to adjustments. Each right entitles the holder to receive one-fourth of one ordinary share upon completion of the company's initial business combination.

Once the securities begin separate trading, the ordinary shares, rights, and warrants are expected to trade on Nasdaq under the symbols "FWAC," "FWACR," and "FWACW," respectively.

The company expects the IPO to close on June 26, 2026, subject to customary closing conditions.

The company has granted underwriters a 45-day option to purchase up to 1,125,000 additional units at the IPO price, less underwriting discounts and commissions, to cover over-allotments.

Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, is acting as sole book-running manager for the offering. The SEC declared the registration statement effective on June 24, 2026.

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