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
$10
$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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Cash Flow Trends
Operating Cash Flow
$848K
+208.2% ▲
Capital Expenditures
$1M
-115.1% ▼
Free Cash Flow
-$251K
+80.6% ▲
Dividends Paid
$0
+100.0% ▲
Buybacks
$0
+0.0% ▲
Net Change in Cash
-$535K
+40.0% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2024 | FY2025 |
|---|---|---|---|---|
| — Operating Activities — | ||||
| Net Income | -$1M | $275K | -$12M | -$22M |
| Depreciation & Amort. | $0 | $0 | $8M | $11M |
| Stock-Based Comp. | $0 | $0 | $1M | $0 |
| Change in Working Capital | -$880K | $2M | $0 | $0 |
| Other Non-Cash Items | $0 | -$3M | $2M | $13M |
| Operating Cash Flow | -$2M | -$225K | -$784K | $848K |
| — Investing Activities — | ||||
| Capital Expenditures | $0 | $0 | -$511K | -$1M |
| Acquisitions (Net) | $0 | $0 | $0 | $0 |
| Investment Purchases | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $5M | $14M |
| Other Investing | -$275M | $0 | $0 | $3M |
| Investing Cash Flow | -$275M | $0 | $4M | $16M |
| — Financing Activities — | ||||
| Net Debt Issuance | $0 | $0 | $0 | $0 |
| Stock Repurchased | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$10M | $0 |
| Other Financing | $278M | -$70K | $5M | -$18M |
| Financing Cash Flow | $278M | -$70K | -$4M | -$18M |
| Net Change in Cash | $738K | -$295K | -$892K | -$535K |
| Cash End of Period | $738K | $443K | $16M | $15M |
| Free Cash Flow | -$2M | -$225K | -$1M | -$251K |