other_material
confidence high
sentiment neutral
materiality 0.60
LightWave Acquisition Corp. closes IPO of 21.56M units at $10, raising $215.6M in trust
LightWave Acquisition Corp.
- IPO consummated on June 26, 2025; 21,562,500 units sold at $10 each, including full over-allotment of 2,812,500 units.
- Gross proceeds of $215.6M placed in trust account; net proceeds from IPO and private placement total $215.6M in trust.
- Private placement of 606,250 units at $10 each to sponsor (390,625 units) and underwriter BTIG (215,625 units).
- Company has 24 months to complete a business combination; public shareholders have redemption rights.
- Transaction costs total $12.4M including $4.3M cash underwriting fee and $7.5M deferred fee.
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