Futurewave Acquisition Corp.

Futurewave Acquisition Corporation and Olympian Group Inc. Announce Merger Agreement

Futurewave Acquisition Corporation (Nasdaq: FWAC) signed a definitive merger agreement with Olympian Group, a Hong Kong-based integrated chip and electronic component solutions provider, at an implied Company Net Value of $400 million. Olympian shareholders will receive 40,000,000 PubCo shares valued at $10.00 each; founder shares will be super-voting Class B (10 votes) with a six-month lock-up, or early release if the stock holds $12.50 for 20 of 30 trading days. The combined company is expected to list on Nasdaq, with a five-member board of four Olympian appointees and one Futurewave independent. The deal remains subject to shareholder and regulatory approvals and an F-4 registration statement.

•1mo ago