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LightWave Acquisition Corp. (NASDAQ:LWACU) announced it completed its initial public offering on Thursday, raising gross proceeds of $215,625,000. The offering included 21,562,500 units sold at $10.00 per unit, with the underwriter exercising its option in full to purchase an additional 2,812,500 units to cover over-allotments. The units are currently trading at $10.03, showing remarkable price stability since the IPO. According to InvestingPro, the stock generally trades with low price volatility, making it an interesting option for stability-focused investors. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.
Simultaneously with the IPO closing, LightWave Acquisition Corp. completed a private placement of 606,250 units at $10.00 per unit to its sponsor and BTIG, LLC, the representative of the underwriters. The sponsor purchased 390,625 units, and BTIG, LLC purchased 215,625 units. The warrants in these private placement units are on the same terms as those sold in the IPO, except as otherwise disclosed in the registration statement. No underwriting discounts or commissions were paid on the private placement. The issuance was made under an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933.
The total proceeds from the IPO and private placement, including $7,546,875 related to the underwriter’s deferred discount, were placed in a U.S.-based trust account managed by Continental Stock Transfer & Trust Company.
LightWave Acquisition Corp.’s securities are listed on Nasdaq, with the units trading under the symbol LWACU, the Class A ordinary shares under LWAC, and the warrants under LWACW.
An audited balance sheet as of June 26, 2025, reflecting the proceeds from the IPO and private placement, was included as an exhibit to the company’s SEC filing. The information in this article is based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission.
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