---
title: "East West Ave Acquisition completes $100.5M IPO, places $100.5M in trust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295454736.md"
description: "East West Ave Acquisition completed its IPO, selling 10 million units at $10 each to raise $100 million. An additional $2.725 million was raised via private placement. A total of $100.5 million was placed in a trust account for public shareholders. The company holds $867,845 in cash outside the trust and has 12–15 months to complete a business combination. However, auditors expressed substantial doubt regarding the company's ability to continue as a going concern."
datetime: "2026-08-10T21:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295454736.md)
  - [en](https://longbridge.com/en/news/295454736.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295454736.md)
generator: "portal-rs"
---

# East West Ave Acquisition completes $100.5M IPO, places $100.5M in trust

**East West Ave Acquisition completed an IPO of 10,000,000 units raising $100,000,000 and placed $100,500,000 in a trust account.**

**Key Highlights:**

-   Sold 10,000,000 public units at $10.00 each, generating $100,000,000 gross proceeds.
-   Completed concurrent private sale of 272,500 units to sponsors for $2,725,000.
-   $100,500,000 of proceeds (net of offering allocations) placed in Equiniti trust account for public shareholders.
-   Auditor issued audited balance sheet as of Aug 3, 2026; auditor noted substantial doubt about going concern.
-   Company has $867,845 cash outside trust, working capital $872,445, and will have up to 12–15 months to complete a business combination.

Original SEC Filing: East West Ave Acquisition Corp. \[ EWAVU \] - 8-K - Aug. 10, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [EWAVU.US](https://longbridge.com/en/quote/EWAVU.US.md)

## Related News & Research

- [East West Ave Acquisition Corp. Announces Pricing Of $100 Million Initial Public Offering](https://longbridge.com/en/news/294517767.md)
- [East West Ave Acquisition Corp files Form 3 as NFR Capital reports beneficial ownership stake](https://longbridge.com/en/news/294753906.md)
- [1,000 Reasons to Buy AST SpaceMobile Stock Now](https://longbridge.com/en/news/297191362.md)
- [East West Ave Acquisition files Form 3 disclosing director Masahiro Honna stake](https://longbridge.com/en/news/297222653.md)
- [AST: Stable revenue but sharp profit decline and margin compression amid rising costs and export risks](https://longbridge.com/en/news/297210965.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**