- FutureWave announced a definitive merger agreement with Olympian Group Inc. on September 28, 2026 — 94 days after its $86.25M Nasdaq IPO closed on June 26.
- The deal values Olympian at a $400 million post-money valuation, based on 40,000,000 shares issued to Olympian shareholders at $10.00 per share.
- Olympian operates through Hong Kong subsidiary HK Shang Ge Industrial Limited, providing integrated chip and electronic component supply-chain solutions for automotive electronics and industrial connectivity customers.
- The combined company is expected to remain Nasdaq-listed. No new ticker symbol or PIPE financing has been announced.
- Closing is subject to SEC registration, FutureWave shareholder approval, regulatory approvals, and other customary closing conditions. No specific closing date has been announced.
The Announcement
On September 28, 2026, FutureWave Acquisition Corporation announced it had entered into a definitive Agreement and Plan of Merger with Olympian Group Inc. The announcement arrives 94 days after FutureWave’s $86.25 million Nasdaq IPO closed on June 26, 2026.
The transaction values Olympian at a $400 million post-money valuation, based on the issuance of 40,000,000 shares to Olympian’s existing shareholders at $10.00 per share. The release does not disclose a PIPE financing component or a specific target closing date.
About Olympian Group
Olympian Group Inc. operates through its Hong Kong subsidiary, HK Shang Ge Industrial Limited, providing integrated chip and electronic component solutions. The company describes a vertically oriented supply-chain model centered on component selection, specification alignment, and supply-chain integration for customers in the automotive electronics and industrial connectivity sectors.
“Our business is built around more than moving chips and electronic components from one point to another. Customers need a partner that can organize a vertical supply chain, match the right product solution to their application, and fulfill that requirement with speed and reliability. This proposed combination is intended to provide Olympian with a listed platform and additional resources to deepen those fulfillment capabilities and expand the solutions we deliver.”
Path to Closing
The transaction is subject to customary closing conditions, including SEC registration and review, approval by FutureWave shareholders, and regulatory approvals. The combined company is expected to remain Nasdaq-listed, though no new ticker symbol has been announced. No specific closing timeline has been publicly disclosed.
“FutureWave set out to identify a business with a clear operating focus, a defensible market position, and a management team oriented toward long-term customer relationships. We believe Olympian’s solutions model, centered on a vertically oriented supply chain, meets that brief. We look forward to working with Olympian’s team to complete the proposed transactions and to supporting the combined company as a Nasdaq-listed platform.”
Luminark Holdings Portfolio Context
FutureWave is the fourth Luminark-tracked SPAC to announce a definitive business combination, following QuasarEdge Acquisition Corp’s merger with Robseek Intelligence Inc. (~$1B pre-money), GalaxyEdge Acquisition Corp’s merger with Rongcheng Group Limited ($350M pre-money), and OceanLight Acquisition Corp’s merger with AIRE Inc. (announced the same week, on a $1.0B basis). Contact Luminark Holdings for more on the SPAC portfolio pipeline.