LightWave Acquisition, a blank check company targeting the tech sector, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.
The company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
LightWave Acquisition is led by CEO and Chairman Robert Bennett, who serves as CEO of private equity sponsor group First Lexington, and CFO and Vice Chairman William Bunker, who previously co-founded dating site Match.com and enterprise security firm Critical Watch. Both have prior blank check experience. The SPAC plans to target the tech sector.
The Dallas, TX-based company was founded in 2025 and plans to list on the Nasdaq under the symbol LWACU. LightWave Acquisition filed confidentially on March 21, 2025. BTIG is the sole bookrunner on the deal.
