Futurewave Acquisition Corporation has closed its initial public offering of 8,625,000 units at a price of $10.00 per unit, resulting in aggregate gross proceeds of $86,250,000. The offering included the full exercise of the underwriters' over-allotment option to purchase an additional 1,125,000 units. The units began trading on The Nasdaq Capital Market under the ticker symbol "FWACU" on June 25, 2026.

Each unit issued consists of one ordinary share, one redeemable warrant, and one right. The warrants entitle the holder to purchase one ordinary share at $11.50 per share, subject to adjustments. The rights allow the holder to receive one-fourth of one ordinary share upon the consummation of the company’s initial business combination. Once the components of the units begin separate trading, the ordinary shares, rights, and warrants are expected to trade on Nasdaq under the symbols "FWAC," "FWACR," and "FWACW," respectively.

Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, acted as the sole book-running manager for the offering. Futurewave Capital Solutions Limited is the sponsor of the company. Celine and Partners, P.L.L.C. served as legal counsel to Futurewave Acquisition Corporation, while O’Melveny & Myers LLP acted as legal counsel to Polaris Advisory Partners.

A registration statement on Form S-1 relating to the securities was declared effective by the Securities and Exchange Commission on June 24, 2026. Futurewave Acquisition Corporation is a blank check company incorporated in the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses.

Key Offering Details