East West Ave Acquisition Prices $100 Million IPO on Nasdaq

East West Ave Acquisition Corp. (NASDAQ: EWAVU), a blank check company, has priced its initial public offering of 10 million units at $10.00 each, raising gross proceeds of $100 million. The units began trading on the Nasdaq Global Market on July 31, 2026, according to a company press release.

Offering Details

The offering, which is expected to close on August 3, 2026, subject to customary closing conditions, consists of units trading under the ticker "EWAVU." D. Boral Capital LLC is acting as the sole book-running manager for the IPO.

Key terms of the offering include:

• Unit Composition: Each unit consists of one share of common stock and one right to receive one-fourth of one share of common stock upon the completion of an initial business combination.
• Separate Trading: Once the securities comprising the units begin separate trading, the common stock and rights are expected to be listed on Nasdaq under the symbols "EWAV" and "EWAVR," respectively.
• Over-Allotment Option: The underwriters have a 45-day option to purchase up to an additional 1,500,000 units to cover any over-allotments.

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Company Strategy and Background

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC), also known as a blank check company. It was formed for the purpose of effecting a merger, asset acquisition, share purchase, or similar business combination with one or more businesses.

The company has not specified a target industry or geographic region for its acquisition search, giving it a broad mandate. The U.S. Securities and Exchange Commission (SEC) had declared the company's registration statement on Form S-1 effective on July 13, 2026, clearing the way for the public offering.