East West Ave Acquisition, a blank check company targeting fintech, digital assets, and energy solutions, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, and one right to receive one-fourth of one share at the time of the 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 will trade on the Nasdaq under the symbol EWAVU. D. Boral Capital acted as sole bookrunner on the deal.
