SPAC East West Ave Acquisition files for a $100 million IPO, targeting fintech, digital assets, and energy
IPO Overview
East West Ave Acquisition, a blank check company targeting fintech, digital assets, and energy solutions, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-eighth of one ordinary share upon the consummation of an initial business combination.
East West Ave Acquisition is led by CEO and Director Molly Huang, the former Managing Director of Amber Capital Asia and CEO of Seazen Asset Management. She is joined by CFO and Director Thomas Kerkaert, the former CFO of Riverbend Sandler Pools and Legacy Housing Corporation （Nasdaq: LEGH）。 The SPAC intends to target businesses in the financial technology, digital assets, and energy solutions sectors with significant opportunity for attractive risk adjusted investor returns driven by the dynamics of a public listing.
The Las Vegas, NV-based company was founded in 2025. It plans to list on the Nasdaq under the symbol EWAVU. East West Ave Acquisition filed confidentially on December 30, 2025. Prime Number Capital is the sole bookrunner on the deal.
About the Company
We are a newly organized blank check company formed as a Nevada corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although we will not limit our search to any particular industry, we intend to focus our search for a target business in the financial technology, digital assets, and energy solutions sectors. In addition, although we will not limit our search to any particular geographic region, we will not undertake our initial business combination with any company being based in or having the majority of the company’s operations in China （including Hong Kong and Macau）。 We intend to prioritize combinations where we see significant opportunity for attractive risk adjusted investor returns driven by the dynamics of a public listing. Since our team has experience and contacts in many different industries within and outside financial services, if we find a quality combination in an industry outside of financial services, we may choose to pursue that combination. We believe we can capitalize on the network and ability of our management team to identify, acquire, and manage a business. We intend to find a combination that can benefit from our experience, support infrastructure, and differentiated global network.