Futurewave Acquisition completes $86.25M IPO, places proceeds in $86.25M trust

Futurewave Acquisition completed an IPO of 8,625,000 units raising $86.25 million and placed $86.25 million in a trust account.

Key Highlights:

• Sold 8,625,000 units at $10.00 each, generating $86,250,000 gross proceeds including full over-allotment.
• Sponsor purchased 255,500 private units for $2,555,000; $86,250,000 of proceeds placed in trust.
• Each unit: one ordinary share, one right to 1/4 share on a business combination, and one warrant exercisable at $11.50.
• Auditor issued an unmodified opinion but noted substantial doubt about the company's ability to continue as a going concern.
• Company has 12 months (to June 26, 2027) to complete a business combination or liquidate and redeem public shares.

Original SEC Filing:

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