other_material
confidence high
sentiment neutral
materiality 0.60
LightWave Acquisition Corp. closes $215.6M SPAC IPO; funds placed in trust
LightWave Acquisition Corp.
- Closed IPO of 21,562,500 units at $10.00/unit, including full over-allotment exercise, raising $215.6M gross.
- Proceeds of $215.6M placed in trust account with Continental Stock Transfer for future business combination.
- Private placement of 606,250 units to sponsor (390,625) and BTIG (215,625) at $10.00/unit, raising $6.1M.
- Appointed Robert Hochberg, Charlotte S. Blechman, and Allen C. Dickason as directors; Audit and Compensation committees formed.
- Amended and restated memorandum and articles of association filed and effective June 24, 2025.
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