Futurewave Acquisition, a blank check company targeting long-term growth potential and defensible market positions, filed on Wednesday with the SEC to raise up to $50 million in an initial public offering.
The company plans to raise $50 million by offering 5 million units at $10. Each unit consists of one share of common stock, and one warrant exercisable at $11.50, and one right to receive one-fourth of one share at the time of the business combination.
Futurewave Acquisition is led by CEO, CFO, and Chairman Daniel McCabe, who is the founder of his own law practice, Daniel McCabe. His other SPAC, FortuneX Acquisition (FXACU), filed last month and is targeting businesses in large underpenetrated markets. He also currently sits on the boards of four other SPACs. Three have pending merger agreements (QETA, +15% from $10 offer price; BKHA, +16%; QSEA, +4%), and one is still searching (YOTA; -80%).
The SPAC intends to target a business with compelling long-term growth potential and highly defensible market positions with an enterprise value between $180 million and $1 billion.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol FWACU. Futurewave Acquisition filed confidentially on April 15, 2026. Polaris Advisory Partners is the sole bookrunner on the deal.
