Futurewave Acquisition Corporation, a blank check company incorporated in the Cayman Islands, has priced its initial public offering of 7,500,000 units at $10.00 per unit. The offering, which raised $75 million, saw the units begin trading on The Nasdaq Global Market under the ticker symbol "FWACU" on June 25, 2026. The company expects the IPO to close on June 26, 2026, subject to customary closing conditions.

Each unit issued in the offering 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 will 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. The company granted the underwriters a 45-day option to purchase up to 1,125,000 additional units at the initial public offering price to cover over-allotments.

Key Offering Details

A registration statement on Form S-1 relating to the securities was declared effective by the Securities and Exchange Commission on June 24, 2026. Celine and Partners, P.L.L.C. served as US legal counsel to Futurewave Acquisition Corporation, while O’Melveny & Myers LLP acted as legal counsel to Polaris Advisory Partners.