{"success":true,"data":{"pressRelease":{"id":"154552","rtpr_id":"nGNX6bXgFR-20260928","ticker":"FWAC","exchange":"NASDAQ","all_tickers":["FWAC","FWACW"],"title":"Futurewave Acquisition Corporation and Olympian Group Inc. Announce Merger Agreement","author":"Globe Newswire","published_at":"2026-09-28T20:10:00.130Z","article_body":"NEW YORK and HONG KONG, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Futurewave\nAcquisition Corporation (Nasdaq: FWAC) (“Futurewave”), a Cayman Islands\nspecial purpose acquisition company, and Olympian Group Inc., a Cayman Islands\nexempted company (“Olympian”) today announced that they have entered into\na definitive Agreement and Plan of Merger dated September 28, 2026 (the\n“Merger Agreement”). Olympian is a solutions provider through its wholly\nowned Hong Kong subsidiary, HK Shang Ge Industrial Limited, specializing in\nintegrated chip and electronic component solutions, including product\nsolutions and value-added services in Hong Kong. Upon consummation of the\ntransactions contemplated by the Merger Agreement, the combined company is\nexpected to be Nasdaq-listed. The proposed transactions contemplated by the\nMerger Agreement are subject to customary closing conditions, including\nregulatory and shareholder approvals.\n\nIntegrated Chip and Electronic Component Solutions in Hong Kong\n\nOlympian Group Inc. is a Cayman Islands exempted company and a holding company\nof HK Shang Ge Industrial Limited, a private company incorporated and existing\nunder the laws of Hong Kong. Through HK Shang Ge Industrial Limited, Olympian\nis a solutions provider specializing in integrated chip and electronic\ncomponent solutions. The Company operates within the Automotive Electronics &\nIndustrial Connectivity sectors, integrating upstream semiconductor and\nelectronic component resources with downstream application and product\nrequirements. Its vertically oriented business model is focused on developing\nand delivering integrated electronic component solutions tailored to specific\napplication scenarios, encompassing component selection, specification\nalignment, and supply-chain integration. Through this model, Olympian is\npositioned across key segments of the automotive electronics and industrial\nconnectivity value chains, supporting the evolving requirements of intelligent\nvehicles, connected industrial systems, and other technology-driven\napplications.\n\nManagement Comments\n\n“Our business is built around more than moving chips and electronic\ncomponents from one point to another. Customers need a partner that can\norganize a vertical supply chain, match the right product solution to their\napplication, and fulfill that requirement with speed and reliability. This\nproposed combination is intended to provide Olympian with a listed platform\nand additional resources to deepen those fulfillment capabilities and expand\nthe solutions we deliver,” said Ms. Hantao Cui, Chief Executive Officer of\nOlympian Group Inc.\n\n“Futurewave set out to identify a business with a clear operating focus, a\ndefensible market position, and a management team oriented toward long-term\ncustomer relationships. We believe Olympian’s solutions model, centered on a\nvertically oriented supply chain, meets that brief. We look forward to working\nwith Olympian’s team to complete the proposed transactions and to supporting\nthe combined company as a Nasdaq-listed platform,” said Daniel M. McCabe,\nChief Executive Officer of Futurewave.\n\nTransaction Overview\n\nUnder the terms of the Merger Agreement, (i) Futurewave will merge with and\ninto Olympian Global Inc., a Cayman Islands exempted company and wholly owned\nsubsidiary of Futurewave (“Purchaser”), with Purchaser surviving the\nmerger (the “Reincorporation Merger”), and (ii) concurrently with the\nReincorporation Merger, FWAC Merger Sub Ltd., a Cayman Islands exempted\ncompany and wholly owned subsidiary of Purchaser (“Merger Sub”), will\nmerge with and into Olympian, with Olympian surviving as a wholly owned\nsubsidiary of Purchaser (the “Acquisition Merger”). Purchaser after the\nReincorporation Merger is referred to as “PubCo.”\n\nAt the effective time of the Reincorporation Merger, (i) each issued and\noutstanding unit of Futurewave will automatically separate into one Futurewave\nordinary share, one Futurewave warrant and one Futurewave right, (ii) each\nFuturewave ordinary share will be converted into one Purchaser Class A\nordinary share, (iii) each Futurewave warrant will be converted into one\nPurchaser warrant, and (iv) each Futurewave right will be converted into one\nPurchaser right. At the closing of the transactions, each Purchaser right will\nbe canceled in exchange for one-fourth (1/4) of one Purchaser Class A ordinary\nshare, subject to the treatment of fractional shares set forth in the Merger\nAgreement.\n\nUpon the closing of the Acquisition Merger, Olympian shareholders will receive\nan aggregate of 40,000,000 Purchaser ordinary shares, valued at $10.00 per\nshare, based on a Company Net Value of $400,000,000. The Purchaser ordinary\nshares issued to Olympian’s key founders identified in the Merger Agreement\nwill be Purchaser Class B ordinary shares, and all other shares issued to\nOlympian shareholders will be Purchaser Class A ordinary shares. Each\nPurchaser Class A ordinary share will carry one vote, and each Purchaser Class\nB ordinary share will carry ten votes and be convertible, at the holder’s\noption, into one Purchaser Class A ordinary share.\n\nFollowing the Reincorporation Merger, the board of directors of PubCo will\nconsist of five directors, including one independent director appointed by\nFuturewave and four directors appointed by Olympian, with at least a majority\nqualifying as independent directors under applicable securities laws and\nNasdaq rules. The Merger Agreement also contemplates lock-up restrictions on\nthe Purchaser ordinary shares issued to Olympian’s key founder shareholders\nuntil the earlier of six months after closing or the date on which the closing\nprice of Purchaser Class A ordinary shares equals or exceeds $12.50 per share\nfor 20 trading days within any 30-trading-day period, subject to customary\npermitted-transfer exceptions.\n\nAdditional information about the proposed transactions, including a copy of\nthe Merger Agreement, will be provided in a Current Report on Form 8-K to be\nfiled by Futurewave with the SEC and will be available at www.sec.gov.\n\nADVISORS\n\nCeline and Partners, P.L.L.C. is acting as legal advisor to Futurewave. Loeb &\nLoeb LLP is acting as legal advisor to Olympian. Chain Stone Capital Limited\n(“CTM”) is acting as financial advisor to Olympian.\n\nAbout Olympian Group Inc.\n\nOlympian Group Inc. is a Cayman Islands exempted company and a holding company\nof HK Shang Ge Industrial Limited. Through its wholly owned Hong Kong\nsubsidiary, Olympian is a solutions provider specializing in vertically\noriented integrated chip and electronic component solutions, encompassing\nsupply chain, product solutions and value-added services focused on customer\nfulfillment.\n\nAbout Futurewave Acquisition Corporation\n\nFuturewave Acquisition Corporation is a Cayman Islands exempted company formed\nfor the purpose of effecting a merger, share exchange, asset acquisition,\nshare purchase, recapitalization, reorganization or similar business\ncombination with one or more businesses or entities. Futurewave’s units,\nordinary shares, warrants and rights are listed on the Nasdaq Capital Market\nunder the symbols FWACU, FWAC, FWACW and FWACR, respectively.\n\nAdditional Information and Where to Find It\n\nThe proposed transactions will be submitted to shareholders of Futurewave for\ntheir consideration and approval. In connection with the transaction described\nherein, Futurewave and Olympian intend to jointly file with the SEC a\nregistration statement on Form F-4 (as may be amended from time to time) that\nwill include a proxy statement/prospectus (the “Registration Statement”)\npertaining to such transaction. After the Registration Statement is filed and\ndeclared effective, a definitive proxy statement and a proxy card will be\nmailed to Futurewave’s shareholders as of a record date to be established\nfor voting at the shareholders’ meeting relating to the proposed\ntransactions. Futurewave’s shareholders will also be able to obtain a copy\nof the Registration Statement and proxy statement without charge from\nFuturewave. The Registration Statement and proxy statement, once available,\nmay also be obtained without charge at the SEC’s website at www.sec.gov or\nby writing to Futurewave at 1185 Avenue of the Americas, Suite 349, New York,\nNY 10036.\n\nINVESTORS AND SECURITY HOLDERS OF FUTUREWAVE ARE URGED TO READ THESE MATERIALS\n(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT\nDOCUMENTS IN CONNECTION WITH THE TRANSACTIONS THAT FUTUREWAVE AND OLYMPIAN\nWILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN\nIMPORTANT INFORMATION ABOUT FUTUREWAVE, OLYMPIAN AND THE TRANSACTIONS.\n\nParticipants in the Solicitation\n\nFuturewave, Purchaser, Merger Sub, the Company, certain shareholders of the\nCompany, and their respective directors, executive officers and employees and\nother persons may be deemed to be participants in the solicitation of proxies\nfrom the Futurewave’s shareholders in respect of the proposed transaction.\nInformation regarding the persons who may, under SEC rules, be deemed\nparticipants in the solicitation of Futurewave’s shareholders in connection\nwith the proposed transactions will be set forth in the proxy\nstatement/prospectus to be filed with the SEC in connection with the\ntransactions. You can find more information about Futurewave’s directors and\nexecutive officers and their ownership of Futurewave’s securities in\nFuturewave’s initial public offering prospectus dated June 25, 2026, filed\nwith the SEC on June 26, 2026, as modified or supplemented by other reports\nfiled with the SEC. Additional information regarding the interests of the\nparticipants in the proxy solicitation will be included in the proxy\nstatement/prospectus pertaining to the proposed transaction when it becomes\navailable. Shareholders, potential investors and other interested persons\nshould read the proxy statement/prospectus carefully when it becomes available\nbefore making any voting or investment decisions. These documents can be\nobtained free of charge from the sources indicated above.\n\nNo Offer or Solicitation\n\nThis report shall not constitute a solicitation of a proxy, consent, or\nauthorization with respect to any securities or in respect of any business\ncombination. This report shall not constitute an offer to sell or the\nsolicitation of an offer to buy any securities, nor shall there be any sale of\nsecurities in any states or jurisdictions in which such offer, solicitation,\nor sale would be unlawful prior to registration or qualification under the\nsecurities laws of any such jurisdiction. No offering of securities shall be\nmade except by means of a prospectus meeting the requirements of Section 10 of\nthe Securities Act of 1933, as amended, or an exemption therefrom.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis press release contains “forward-looking statements,” including, among\nother things, statements regarding the anticipated benefits and impact of the\nproposed transactions on PubCo’s business and future financial and operating\nresults, the anticipated timing of closing of the proposed transactions, the\nanticipated growth of the industries and markets in which Olympian competes,\nthe success and customer acceptance of Olympian’s product solutions and\nvalue-added services, and other aspects of Olympian’s operations, plans,\nobjectives, opportunities, expectations or operating results, the expected\nownership structure of PubCo and the likelihood and ability of the parties to\nsuccessfully consummate the proposed transactions. Words such as “may,”\n“should,” “will,” “believe,” “expect,” “anticipate,”\n“intend,” “estimated,” “target,” “project,” and similar\nphrases or words of similar meaning that denote future expectations or intent\nregarding Futurewave’s, Olympian’s and PubCo’s financial results,\noperations and other matters are intended to identify forward-looking\nstatements. You should not rely upon forward-looking statements as predictions\nof future events. Such forward-looking statements are based upon the current\nbeliefs and expectations of management of Futurewave and Olympian and are\ninherently subject to significant business, economic and competitive risks,\nuncertainties and other factors, both known and unknown, which are difficult\nto predict and generally beyond the control of Futurewave and Olympian and\nthat may cause actual results and the timing of future events to differ\nmaterially from the results and timing of future events anticipated by the\nforward-looking statements in this press release, including but not limited\nto: (1) the inability of Olympian and Futurewave to consummate an initial\nbusiness combination within the time provided in Futurewave’s amended and\nrestated memorandum and articles of association; (2) performance of\nOlympian’s business; (3) the occurrence of any event, change or other\ncircumstances that could give rise to the termination of the Merger Agreement\nrelating to the proposed business combination; (4) the outcome of any\npotential litigation, government and regulatory proceedings, any\ninvestigations and inquiries involving the parties to the transactions; (5)\nthe inability to complete the business combination, including due to failure\nto obtain approval of the shareholders of Futurewave or other conditions to\nclosing in the Merger Agreement; (6) delays in obtaining or the inability to\nobtain necessary regulatory approvals required to complete the transactions\ncontemplated by the Merger Agreement; (7) the inability to obtain or maintain\nthe listing of the post-acquisition company’s securities on Nasdaq following\nthe business combination; (8) the risk that the business combination disrupts\ncurrent plans and operations as a result of the announcement and consummation\nof the business combination; (9) the ability to recognize the anticipated\nbenefits of the business combination, which may be affected by, among other\nthings, competition, the ability of the combined company to grow and manage\ngrowth profitably and retain its key employees; (10) costs related to the\nbusiness combination; (11) changes in applicable laws or regulations; (12) the\npossibility that Olympian or the combined company may be adversely affected by\nother economic, business, and/or competitive factors; and (13) other risks and\nuncertainties to be identified in the Registration Statement to be jointly\nfiled by Futurewave and Olympian relating to the business combination,\nincluding those under “Risk Factors” therein, and in other filings with\nthe SEC made by FWAC and Purchaser. The forward-looking statements contained\nin this press release are also subject to additional risks, uncertainties and\nfactors, including those described in Futurewave’s IPO prospectus dated June\n25, 2026 and other documents filed or to be filed with the SEC by Futurewave\nand Olympian from time to time. You are cautioned not to place undue reliance\non forward-looking statements as a predictor of future performance as\nprojected financial information and other information are based on estimates\nand assumptions that are inherently subject to various significant risks,\nuncertainties and other factors, many of which are beyond the control of\nFuturewave or Olympian. The forward-looking statements included in this press\nrelease are made only as of the date hereof, and Futurewave and Olympian\ndisclaim any intention or obligation to update any forward-looking statements\nas a result of developments occurring after the date hereof. Forecasts and\nestimates regarding Olympian’s industry and end markets are based on sources\nFuturewave and Olympian believe to be reliable, however there can be no\nassurance these forecasts and estimates will prove accurate in whole or in\npart. Annualized, pro forma, projected and estimated numbers are used for\nillustrative purposes only, are not forecasts and may not reflect actual\nresults.\n\nContact Information:\n\nFuturewave Acquisition Corporation\nDaniel M. McCabe\nEmail: admin@futurewaveacq.com \n\nOlympian Group Inc.\nHantao Cui\nEmail: christinacui@mtxpack.com \n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6bXgFR-20260928","title":"Futurewave Acquisition Corporation and Olympian Group Inc. Announce Merger Agreement","author":"Globe Newswire","ticker":"FWAC","created":"2026-09-28T20:10:00.130Z","tickers":["FWAC","FWACW"],"exchange":"NASDAQ","article_body":"NEW YORK and HONG KONG, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Futurewave\nAcquisition Corporation (Nasdaq: FWAC) (“Futurewave”), a Cayman Islands\nspecial purpose acquisition company, and Olympian Group Inc., a Cayman Islands\nexempted company (“Olympian”) today announced that they have entered into\na definitive Agreement and Plan of Merger dated September 28, 2026 (the\n“Merger Agreement”). Olympian is a solutions provider through its wholly\nowned Hong Kong subsidiary, HK Shang Ge Industrial Limited, specializing in\nintegrated chip and electronic component solutions, including product\nsolutions and value-added services in Hong Kong. Upon consummation of the\ntransactions contemplated by the Merger Agreement, the combined company is\nexpected to be Nasdaq-listed. The proposed transactions contemplated by the\nMerger Agreement are subject to customary closing conditions, including\nregulatory and shareholder approvals.\n\nIntegrated Chip and Electronic Component Solutions in Hong Kong\n\nOlympian Group Inc. is a Cayman Islands exempted company and a holding company\nof HK Shang Ge Industrial Limited, a private company incorporated and existing\nunder the laws of Hong Kong. Through HK Shang Ge Industrial Limited, Olympian\nis a solutions provider specializing in integrated chip and electronic\ncomponent solutions. The Company operates within the Automotive Electronics &\nIndustrial Connectivity sectors, integrating upstream semiconductor and\nelectronic component resources with downstream application and product\nrequirements. Its vertically oriented business model is focused on developing\nand delivering integrated electronic component solutions tailored to specific\napplication scenarios, encompassing component selection, specification\nalignment, and supply-chain integration. Through this model, Olympian is\npositioned across key segments of the automotive electronics and industrial\nconnectivity value chains, supporting the evolving requirements of intelligent\nvehicles, connected industrial systems, and other technology-driven\napplications.\n\nManagement Comments\n\n“Our business is built around more than moving chips and electronic\ncomponents from one point to another. Customers need a partner that can\norganize a vertical supply chain, match the right product solution to their\napplication, and fulfill that requirement with speed and reliability. This\nproposed combination is intended to provide Olympian with a listed platform\nand additional resources to deepen those fulfillment capabilities and expand\nthe solutions we deliver,” said Ms. Hantao Cui, Chief Executive Officer of\nOlympian Group Inc.\n\n“Futurewave set out to identify a business with a clear operating focus, a\ndefensible market position, and a management team oriented toward long-term\ncustomer relationships. We believe Olympian’s solutions model, centered on a\nvertically oriented supply chain, meets that brief. We look forward to working\nwith Olympian’s team to complete the proposed transactions and to supporting\nthe combined company as a Nasdaq-listed platform,” said Daniel M. McCabe,\nChief Executive Officer of Futurewave.\n\nTransaction Overview\n\nUnder the terms of the Merger Agreement, (i) Futurewave will merge with and\ninto Olympian Global Inc., a Cayman Islands exempted company and wholly owned\nsubsidiary of Futurewave (“Purchaser”), with Purchaser surviving the\nmerger (the “Reincorporation Merger”), and (ii) concurrently with the\nReincorporation Merger, FWAC Merger Sub Ltd., a Cayman Islands exempted\ncompany and wholly owned subsidiary of Purchaser (“Merger Sub”), will\nmerge with and into Olympian, with Olympian surviving as a wholly owned\nsubsidiary of Purchaser (the “Acquisition Merger”). Purchaser after the\nReincorporation Merger is referred to as “PubCo.”\n\nAt the effective time of the Reincorporation Merger, (i) each issued and\noutstanding unit of Futurewave will automatically separate into one Futurewave\nordinary share, one Futurewave warrant and one Futurewave right, (ii) each\nFuturewave ordinary share will be converted into one Purchaser Class A\nordinary share, (iii) each Futurewave warrant will be converted into one\nPurchaser warrant, and (iv) each Futurewave right will be converted into one\nPurchaser right. At the closing of the transactions, each Purchaser right will\nbe canceled in exchange for one-fourth (1/4) of one Purchaser Class A ordinary\nshare, subject to the treatment of fractional shares set forth in the Merger\nAgreement.\n\nUpon the closing of the Acquisition Merger, Olympian shareholders will receive\nan aggregate of 40,000,000 Purchaser ordinary shares, valued at $10.00 per\nshare, based on a Company Net Value of $400,000,000. The Purchaser ordinary\nshares issued to Olympian’s key founders identified in the Merger Agreement\nwill be Purchaser Class B ordinary shares, and all other shares issued to\nOlympian shareholders will be Purchaser Class A ordinary shares. Each\nPurchaser Class A ordinary share will carry one vote, and each Purchaser Class\nB ordinary share will carry ten votes and be convertible, at the holder’s\noption, into one Purchaser Class A ordinary share.\n\nFollowing the Reincorporation Merger, the board of directors of PubCo will\nconsist of five directors, including one independent director appointed by\nFuturewave and four directors appointed by Olympian, with at least a majority\nqualifying as independent directors under applicable securities laws and\nNasdaq rules. The Merger Agreement also contemplates lock-up restrictions on\nthe Purchaser ordinary shares issued to Olympian’s key founder shareholders\nuntil the earlier of six months after closing or the date on which the closing\nprice of Purchaser Class A ordinary shares equals or exceeds $12.50 per share\nfor 20 trading days within any 30-trading-day period, subject to customary\npermitted-transfer exceptions.\n\nAdditional information about the proposed transactions, including a copy of\nthe Merger Agreement, will be provided in a Current Report on Form 8-K to be\nfiled by Futurewave with the SEC and will be available at www.sec.gov.\n\nADVISORS\n\nCeline and Partners, P.L.L.C. is acting as legal advisor to Futurewave. Loeb &\nLoeb LLP is acting as legal advisor to Olympian. Chain Stone Capital Limited\n(“CTM”) is acting as financial advisor to Olympian.\n\nAbout Olympian Group Inc.\n\nOlympian Group Inc. is a Cayman Islands exempted company and a holding company\nof HK Shang Ge Industrial Limited. Through its wholly owned Hong Kong\nsubsidiary, Olympian is a solutions provider specializing in vertically\noriented integrated chip and electronic component solutions, encompassing\nsupply chain, product solutions and value-added services focused on customer\nfulfillment.\n\nAbout Futurewave Acquisition Corporation\n\nFuturewave Acquisition Corporation is a Cayman Islands exempted company formed\nfor the purpose of effecting a merger, share exchange, asset acquisition,\nshare purchase, recapitalization, reorganization or similar business\ncombination with one or more businesses or entities. Futurewave’s units,\nordinary shares, warrants and rights are listed on the Nasdaq Capital Market\nunder the symbols FWACU, FWAC, FWACW and FWACR, respectively.\n\nAdditional Information and Where to Find It\n\nThe proposed transactions will be submitted to shareholders of Futurewave for\ntheir consideration and approval. In connection with the transaction described\nherein, Futurewave and Olympian intend to jointly file with the SEC a\nregistration statement on Form F-4 (as may be amended from time to time) that\nwill include a proxy statement/prospectus (the “Registration Statement”)\npertaining to such transaction. After the Registration Statement is filed and\ndeclared effective, a definitive proxy statement and a proxy card will be\nmailed to Futurewave’s shareholders as of a record date to be established\nfor voting at the shareholders’ meeting relating to the proposed\ntransactions. Futurewave’s shareholders will also be able to obtain a copy\nof the Registration Statement and proxy statement without charge from\nFuturewave. The Registration Statement and proxy statement, once available,\nmay also be obtained without charge at the SEC’s website at www.sec.gov or\nby writing to Futurewave at 1185 Avenue of the Americas, Suite 349, New York,\nNY 10036.\n\nINVESTORS AND SECURITY HOLDERS OF FUTUREWAVE ARE URGED TO READ THESE MATERIALS\n(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT\nDOCUMENTS IN CONNECTION WITH THE TRANSACTIONS THAT FUTUREWAVE AND OLYMPIAN\nWILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN\nIMPORTANT INFORMATION ABOUT FUTUREWAVE, OLYMPIAN AND THE TRANSACTIONS.\n\nParticipants in the Solicitation\n\nFuturewave, Purchaser, Merger Sub, the Company, certain shareholders of the\nCompany, and their respective directors, executive officers and employees and\nother persons may be deemed to be participants in the solicitation of proxies\nfrom the Futurewave’s shareholders in respect of the proposed transaction.\nInformation regarding the persons who may, under SEC rules, be deemed\nparticipants in the solicitation of Futurewave’s shareholders in connection\nwith the proposed transactions will be set forth in the proxy\nstatement/prospectus to be filed with the SEC in connection with the\ntransactions. You can find more information about Futurewave’s directors and\nexecutive officers and their ownership of Futurewave’s securities in\nFuturewave’s initial public offering prospectus dated June 25, 2026, filed\nwith the SEC on June 26, 2026, as modified or supplemented by other reports\nfiled with the SEC. Additional information regarding the interests of the\nparticipants in the proxy solicitation will be included in the proxy\nstatement/prospectus pertaining to the proposed transaction when it becomes\navailable. Shareholders, potential investors and other interested persons\nshould read the proxy statement/prospectus carefully when it becomes available\nbefore making any voting or investment decisions. These documents can be\nobtained free of charge from the sources indicated above.\n\nNo Offer or Solicitation\n\nThis report shall not constitute a solicitation of a proxy, consent, or\nauthorization with respect to any securities or in respect of any business\ncombination. This report shall not constitute an offer to sell or the\nsolicitation of an offer to buy any securities, nor shall there be any sale of\nsecurities in any states or jurisdictions in which such offer, solicitation,\nor sale would be unlawful prior to registration or qualification under the\nsecurities laws of any such jurisdiction. No offering of securities shall be\nmade except by means of a prospectus meeting the requirements of Section 10 of\nthe Securities Act of 1933, as amended, or an exemption therefrom.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis press release contains “forward-looking statements,” including, among\nother things, statements regarding the anticipated benefits and impact of the\nproposed transactions on PubCo’s business and future financial and operating\nresults, the anticipated timing of closing of the proposed transactions, the\nanticipated growth of the industries and markets in which Olympian competes,\nthe success and customer acceptance of Olympian’s product solutions and\nvalue-added services, and other aspects of Olympian’s operations, plans,\nobjectives, opportunities, expectations or operating results, the expected\nownership structure of PubCo and the likelihood and ability of the parties to\nsuccessfully consummate the proposed transactions. Words such as “may,”\n“should,” “will,” “believe,” “expect,” “anticipate,”\n“intend,” “estimated,” “target,” “project,” and similar\nphrases or words of similar meaning that denote future expectations or intent\nregarding Futurewave’s, Olympian’s and PubCo’s financial results,\noperations and other matters are intended to identify forward-looking\nstatements. You should not rely upon forward-looking statements as predictions\nof future events. Such forward-looking statements are based upon the current\nbeliefs and expectations of management of Futurewave and Olympian and are\ninherently subject to significant business, economic and competitive risks,\nuncertainties and other factors, both known and unknown, which are difficult\nto predict and generally beyond the control of Futurewave and Olympian and\nthat may cause actual results and the timing of future events to differ\nmaterially from the results and timing of future events anticipated by the\nforward-looking statements in this press release, including but not limited\nto: (1) the inability of Olympian and Futurewave to consummate an initial\nbusiness combination within the time provided in Futurewave’s amended and\nrestated memorandum and articles of association; (2) performance of\nOlympian’s business; (3) the occurrence of any event, change or other\ncircumstances that could give rise to the termination of the Merger Agreement\nrelating to the proposed business combination; (4) the outcome of any\npotential litigation, government and regulatory proceedings, any\ninvestigations and inquiries involving the parties to the transactions; (5)\nthe inability to complete the business combination, including due to failure\nto obtain approval of the shareholders of Futurewave or other conditions to\nclosing in the Merger Agreement; (6) delays in obtaining or the inability to\nobtain necessary regulatory approvals required to complete the transactions\ncontemplated by the Merger Agreement; (7) the inability to obtain or maintain\nthe listing of the post-acquisition company’s securities on Nasdaq following\nthe business combination; (8) the risk that the business combination disrupts\ncurrent plans and operations as a result of the announcement and consummation\nof the business combination; (9) the ability to recognize the anticipated\nbenefits of the business combination, which may be affected by, among other\nthings, competition, the ability of the combined company to grow and manage\ngrowth profitably and retain its key employees; (10) costs related to the\nbusiness combination; (11) changes in applicable laws or regulations; (12) the\npossibility that Olympian or the combined company may be adversely affected by\nother economic, business, and/or competitive factors; and (13) other risks and\nuncertainties to be identified in the Registration Statement to be jointly\nfiled by Futurewave and Olympian relating to the business combination,\nincluding those under “Risk Factors” therein, and in other filings with\nthe SEC made by FWAC and Purchaser. The forward-looking statements contained\nin this press release are also subject to additional risks, uncertainties and\nfactors, including those described in Futurewave’s IPO prospectus dated June\n25, 2026 and other documents filed or to be filed with the SEC by Futurewave\nand Olympian from time to time. You are cautioned not to place undue reliance\non forward-looking statements as a predictor of future performance as\nprojected financial information and other information are based on estimates\nand assumptions that are inherently subject to various significant risks,\nuncertainties and other factors, many of which are beyond the control of\nFuturewave or Olympian. The forward-looking statements included in this press\nrelease are made only as of the date hereof, and Futurewave and Olympian\ndisclaim any intention or obligation to update any forward-looking statements\nas a result of developments occurring after the date hereof. Forecasts and\nestimates regarding Olympian’s industry and end markets are based on sources\nFuturewave and Olympian believe to be reliable, however there can be no\nassurance these forecasts and estimates will prove accurate in whole or in\npart. Annualized, pro forma, projected and estimated numbers are used for\nillustrative purposes only, are not forecasts and may not reflect actual\nresults.\n\nContact Information:\n\nFuturewave Acquisition Corporation\nDaniel M. McCabe\nEmail: admin@futurewaveacq.com \n\nOlympian Group Inc.\nHantao Cui\nEmail: christinacui@mtxpack.com \n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-28T20:10:00.180339867Z","server_sent_at_ms":1790626200180},"received_at":"2026-09-28T20:10:00.444Z","source_url":null},"analysis":{"id":"143317","press_release_id":"154552","analysis_json":{"industry":null,"redFlags":["deal not closed — subject to Futurewave shareholder approval, regulatory approvals, and F-4 effectiveness","dual-class structure gives Olympian founders 10 votes per share","no disclosed financials (revenue/profit) for target Olympian in the release","fresh SPAC — IPO prospectus dated June 25, 2026; limited operating history of sponsor team"],"eventType":"m_and_a","narrative":"Futurewave Acquisition Corporation (Nasdaq: FWAC) signed a definitive merger agreement with Olympian Group, a Hong Kong-based integrated chip and electronic component solutions provider, at an implied Company Net Value of $400 million.\n\nOlympian shareholders will receive 40,000,000 PubCo shares valued at $10.00 each; founder shares will be super-voting Class B (10 votes) with a six-month lock-up, or early release if the stock holds $12.50 for 20 of 30 trading days.\n\nThe combined company is expected to list on Nasdaq, with a five-member board of four Olympian appointees and one Futurewave independent. The deal remains subject to shareholder and regulatory approvals and an F-4 registration statement.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Small-cap SPAC FWAC finds its target: Hong Kong chip-component distributor Olympian at a $400M valuation — watch the F-4 and redemption dynamics."},"keyFigures":{"dealValueUsd":400000000,"offeringPrice":10,"sharesOffered":40000000,"customDimensions":{"right_conversion":"each right converts to 1/4 Class A share","company_net_value":"$400,000,000","class_b_vote_multiple":"10 votes per share","lockup_early_release_price":"$12.50 per share for 20 of 30 trading days"}},"quotedText":"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","namedEntities":{"people":[{"name":"Hantao Cui","role":"CEO of Olympian Group Inc."},{"name":"Daniel M. 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The deal remains subject to shareholder and regulatory approvals and an F-4 registration statement.","key_figures":{"dealValueUsd":400000000,"offeringPrice":10,"sharesOffered":40000000,"customDimensions":{"right_conversion":"each right converts to 1/4 Class A share","company_net_value":"$400,000,000","class_b_vote_multiple":"10 votes per share","lockup_early_release_price":"$12.50 per share for 20 of 30 trading days"}},"named_entities":{"people":[{"name":"Hantao Cui","role":"CEO of Olympian Group Inc."},{"name":"Daniel M. 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