Also trades as: FWACU (NASDAQ) · $vol 1M
FWAC NASDAQ
Futurewave Acquisition Corp.
1W: +0.1%
1M: +0.2%
3M: +25.8%
YTD: +0.9%
1Y: -0.1%
$9.96
+0.01 (+0.10%)
Weekly Expected Move ±0.1%
$10
$10
$10
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$10
Credit Risk of going bust: higher than 90% of companies Debt: 64.7% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.73 (down 83%), Futurewave Acquisition Corp. would be worth roughly what it owes.
Total debt $197.1M against a stock market value of $107.4M.
Distance to default 1.65 (Merton model): prices to 2026-10-27, balance sheet 2026-03-31, debt counted $109.6M (short-term plus half of long-term), stock volatility 73.5%; Altman Z'' -1.18. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $1.73 (down 83%), Futurewave Acquisition Corp. would be worth roughly what it owes.
Total debt $197.1M against a stock market value of $107.4M.
Distance to default 1.65 (Merton model): prices to 2026-10-27, balance sheet 2026-03-31, debt counted $109.6M (short-term plus half of long-term), stock volatility 73.5%; Altman Z'' -1.18. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Balance Sheet Trends
Total Assets
$382M
-7.9% ▼
3Y CAGR: +11.4%
Total Liabilities
$223M
-1.1% ▼
3Y CAGR: +182.4%
Shareholders Equity
$141M
-16.9% ▼
3Y CAGR: -19.1%
Cash & Investments
$8M
-21.6% ▼
3Y CAGR: +124.5%
Total Debt
$208M
-2.6% ▼
Net Debt
$199M
-1.6% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2024 | FY2025 |
|---|---|---|---|---|
| — Assets — | ||||
| Cash | $738K | $443K | $11M | $8M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $738K | $443K | $11M | $8M |
| Net Receivables | $0 | $0 | $4M | $4M |
| Inventory | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $282K | $0 | $0 |
| Total Current Assets | $2M | $725K | $14M | $12M |
| Property, Plant & Equip. | $0 | $0 | $0 | $0 |
| Goodwill & Intangibles | $0 | $0 | $10M | $6M |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Other Non-Current Assets | $275M | $278M | $0 | $0 |
| Total Non-Current Assets | $275M | $278M | $10M | $6M |
| Total Assets | $277M | $279M | $415M | $382M |
| — Liabilities — | ||||
| Accounts Payable | $87K | $288K | $0 | $0 |
| Short-Term Debt | $0 | $0 | $213M | $208M |
| Deferred Revenue | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $213K | $2M | $0 | $0 |
| Total Current Liabilities | $300K | $2M | $213M | $208M |
| Long-Term Debt | $0 | $0 | $0 | $0 |
| Other Non-Current Liab. | $0 | $4M | $13M | $16M |
| Total Non-Current Liabilities | $10M | $4M | $13M | $16M |
| Total Liabilities | $10M | $5M | $226M | $223M |
| — Equity — | ||||
| Common Stock | $275M | $278M | $2K | $2K |
| Retained Earnings | -$8M | -$5M | -$140M | -$161M |
| Accumulated OCI | $0 | $0 | $0 | $0 |
| Total Stockholders Equity | $267M | $273M | $170M | $141M |
| Total Liabilities & Equity | $277M | $279M | $415M | $382M |
| — Key Metrics — | ||||
| Total Debt | $0 | $0 | $213M | $208M |
| Net Debt | -$738K | -$443K | $203M | $199M |
| Total Investments | $0 | $0 | $0 | $362M |