LWAC · LightWave Acquisition Corp.
Substantial doubt about the company's ability to continue as a going concern.
“A projected working capital deficit and the expectation of significant future costs raises substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. Management plans to address this uncertainty through debt or equity financing.”View the 10-Q filed May 15, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-06-26 | LightWave Founders LLC |
10% Owner |
Buy↑
Filing footnotes — Warrant (Direct)
Simultaneously with the consummation of the Company's initial public offering, LightWave Founders LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 606,250 units (the "Private Units") in a private placement for an aggregate purchase price of $6,062,500. Each Private Unit consists of one Class A ordinary share, par value $0.0001, and one-half of one warrant. The warrants included in the Private Units will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination. The warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. The Sponsor is the record holder of the shares reported herein. Robert Bennett is the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Mr. Bennett may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Bennett disclaims any beneficial ownership except to the extent of his pecuniary interest therein. |
Warrant
|
606,250 |
| 2025-06-26 | LightWave Founders LLC |
10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Direct)
Simultaneously with the consummation of the Company's initial public offering, LightWave Founders LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 606,250 units (the "Private Units") in a private placement for an aggregate purchase price of $6,062,500. Each Private Unit consists of one Class A ordinary share, par value $0.0001, and one-half of one warrant. The Sponsor is the record holder of the shares reported herein. Robert Bennett is the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Mr. Bennett may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Bennett disclaims any beneficial ownership except to the extent of his pecuniary interest therein. |
Class A ordinary shares
|
606,250 |
| 2025-06-24 | Blechman Charlotte |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-06-24 | Bunker William Whithorne JR |
Director, CFO & VC of the Board |
Other↑
|
No Securities Owned
|
0 |
| 2025-06-24 | Dickason Allen Charles |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-06-24 | Hochberg Robert |
Director |
Other↑
|
No Securities Owned
|
0 |