EWAV
EWAVCIK 0002100704
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East West Ave Acquisition Corp. prices $100M SPAC IPO at $10.00 per unit, targeting fintech, compute infrastructure, and energy solutions
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Latest financial statements
From 10-Q filed Aug 5, 2026 (period ending May 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statement of Operations (Unaudited)
| Description | Three months ended May 31, 2026 |
|---|---|
| Formation and operating costs | 13,455 |
| Net loss | (13,455) |
| Weighted average number of shares outstanding, basic and diluted (1) | 2,500,000 |
| Basic and diluted net loss per share | (0.005) |
Condensed Balance Sheet
| Description | As of May 31, 2026 (Unaudited) | As of November 30, 2025 |
|---|---|---|
| ASSETS: | ||
| Cash | 831,306 | 20,000 |
| Prepaid expense current asset | 100,000 | 100,000 |
| Total Current Assets | 931,306 | 120,000 |
| Deferred offering costs | 226,432 | 50,000 |
| Total Non-Current Assets | 226,432 | 50,000 |
| Total Assets | 1,157,738 | 170,000 |
| LIABILITIES AND SHAREHOLDER’S EQUITY: | ||
| Liabilities | ||
| Amounts due to a Sponsor | 800,000 | - |
| Promissory note related party, current | 350,633 | - |
| Accrued offering expense and accrued liabilities | 9,213 | - |
| Total Current Liabilities | 1,159,845 | - |
| Promissory note related party, non-current | - | 158,562 |
| Total Non-Current Liabilities | - | 158,562 |
| Total Liabilities | 1,159,845 | 158,562 |
| Commitments and Contingencies (Note 6) | ||
| Shareholder’s Equity | ||
| Preference stock, $0.0001 par value; 4,000,000 shares authorized; none issued and outstanding | - | - |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 2,875,000 shares issued and outstanding (1) | 288 | 288 |
| Additional paid-in capital | 24,712 | 24,712 |
| Subscriptions receivable | - | (5,000) |
| Accumulated deficit | (27,107) | (8,562) |
| Total Shareholder’s Equity | (2,107) | 11,438 |
| TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY | 1,157,738 | 170,000 |
Condensed Statement of Cash Flows (Unaudited)
| Description | Three months ended May 31, 2026 |
|---|---|
| Net loss | (13,455) |
| Changes in operating assets: | |
| Deferred offering costs | (39,490) |
| Accrued offering expense and accrued liabilities | (516) |
| Net cash used in operating activities | (53,461) |
| Cash flows from Financing Activities: | |
| Amounts due to a Sponsor | 800,000 |
| Borrowing from a related party | 58,619 |
| Net cash provided by financing activities | 858,619 |
| Net change in cash | 805,157 |
| Cash, beginning of the period | 26,149 |
| Cash, end of the period | 831,306 |
| Supplemental disclosure of non-cash information: | |
| Deferred offering costs included in promissory note related party | 25,204 |
| Formation and operating costs paid by Sponsor A under Promissory Note related party | 13,414 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗