FWACU
FWACUCIK 0002116105
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FutureWave Acquisition Corp. prices $75M SPAC IPO at $10.00 per unit, with founder shares representing 30% post-offering
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FWACU S-1/A: No material changes; net proceeds remain $1B
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Latest financial statements
From 10-Q filed Aug 13, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statement of Operations (Unaudited)
| Description | Three months ended June 30, 2026 |
|---|---|
| General and administrative expenses | 81,170 |
| Loss from operations | (81,170) |
| Other income: | |
| Interest income Bank | 1,404 |
| Interest earned on investments held in Trust Account | 16,605 |
| Net loss | (63,161) |
| Weighted average shares outstanding, ordinary shares subject to possible redemption basic and diluted | 379,121 |
| Basic and diluted net loss per share, ordinary shares subject to possible redemption | (0.02) |
| Weighted average shares outstanding, non-redeemable ordinary shares basic and diluted | 3,722,729 |
| Basic and diluted net loss per share, non-redeemable ordinary shares | (0.02) |
Condensed Balance Sheets
| Description | June 30, 2026 (Unaudited) | March 31, 2026 (Audited) |
|---|---|---|
| Assets: | ||
| Current Assets | ||
| Cash | 851,297 | - |
| Advance-related party | 185,000 | - |
| Prepaid expenses | 150,800 | - |
| Total Current Assets | 1,187,097 | - |
| Investments held in Trust Account | 86,266,605 | - |
| Deferred offering costs | - | 25,000 |
| Total Assets | 87,453,702 | 25,000 |
| Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity | ||
| Current Liabilities | ||
| Due to related party | 19,296 | - |
| Accounts payable and accrued expenses | 104,264 | 4,141 |
| Total Current Liabilities | 123,560 | 4,141 |
| Commitments and Contingencies – see Note 6 | ||
| Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 8,625,000 shares subject to possible redemption | 86,266,605 | - |
| Shareholders’ Equity | ||
| Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,214,375 and 3,700,125 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively (excluding 8,625,000 shares subject to possible redemption) | 421 | 370 |
| Additional paid-in capital | 1,130,418 | 24,630 |
| Accumulated deficit | (67,302) | (4,141) |
| Total Shareholders’ Equity | 1,063,537 | 20,859 |
| Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity | 87,453,702 | 25,000 |
Condensed Statement of Cash Flows (Unaudited)
| Description | Three months ended June 30, 2026 |
|---|---|
| Net loss | (63,161) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Interest earned on investments held in Trust Account | (16,605) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (150,800) |
| Advance related party | (185,000) |
| Due to related party | 19,296 |
| Accounts payable and accrued expenses | 100,123 |
| Net cash used in operating activities | (296,147) |
| Cash Flows from Investing Activities: | |
| Purchase of investments held in Trust Account | (86,250,000) |
| Net cash used in investing activities | (86,250,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from initial public offering and over-allotment | 86,250,000 |
| Proceeds from private placement units | 2,555,000 |
| Proceeds from related-party advances | 575,000 |
| Repayment of related-party advances | (663,659) |
| Payment of underwriting commissions | (575,000) |
| Payment of offering costs | (743,897) |
| Net cash provided by financing activities | 87,397,444 |
| Net change in cash | 851,297 |
| Cash, beginning of period | - |
| Cash, end of period | 851,297 |
| Supplemental disclosure of noncash investing and financing activities: | |
| Accretion of ordinary shares subject to possible redemption to redemption value | 7,718,894 |
| Non-cash issuance of representative shares to underwriter | 375,395 |
| Deferred offering costs charged to shareholders’ equity upon closing of the IPO | 25,000 |
| Offering costs paid by the Sponsor and recorded as related-party advances | 88,659 |
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 ↗