LightWave Acquisition Corp. (LWAC) Form 10-Q — May 15, 2026
LightWave Acquisition Corp. reported net income of $1.76 million for the quarter ended March 31, 2026, driven primarily by $1.94 million in interest earnings from its trust account. The company holds $222 million in the trust account, which is reserved for a future business combination, while maintaining only $625,000 in operating cash outside the trust. The SPAC incurred $186,000 in general and administrative expenses during the quarter, reflecting ongoing costs for legal, accounting, and administrative support as it searches for a target.
Key figures
- Net Income
- 1755823
- Total Debt
- 0
- Total Assets
- 222829375
- Cash Position
- 625445
- Working Capital
- 601988
- Trust Account Balance
- 222014999
- Deferred Underwriting Fee
- 7546875
- Shares Outstanding Class A
- 22168750
- Shares Outstanding Class B
- 7906250
- Earnings From Trust Account
- 1935148
- General And Administrative Costs
- 185837
Price after filing
Close on the filing date to close N calendar days later (from $10.18). Historical, not a forecast.
AI analysis
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