LightWave Acquisition, a blank check company targeting the tech sector, raised $188 million by offering 18.8 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.
LightWave Acquisition plans to list on the Nasdaq under the symbol LWACU. BTIG acted as sole bookrunner on the deal.
