East West Ave Acquisition Corp. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Unregistered Sales of Equity Securities In connection with the closing of the IPO, the Sponsors purchased 272,500 private units, at $10.00 per unit, including 192,500 units for the Sponsor A, and 80,000 for the Sponsor B, respectively, for an aggregate purchase price of $2,725,000 (whether or not the over-allotment option is exercised). The private units are identical to the units sold in the IPO subject to certain exceptions The above sales were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. No commissions were paid in connection with such sales. Use of Proceeds On August 3, 2026, the Company consummated its IPO of 10,000,000 units. Each unit consists of one share of common stock and one right, each to exchange for one-fourth (1/4) of one share of common stock at the consummation of our initial business combination. The units were sold at an offering price of $10.00 per unit, generating gross proceeds of $100,000,000. Substantially concurrently with the closing of the IPO, the Company completed the private sale of 272,500 private units to the Sponsors for an aggregate purchase price of $2,725,000. A total of $100,500,000 from the proceeds of the IPO and private placement were placed in the Trust Account. For the avoidance of doubt, the funds held in the Trust Account (including the interest earned on the funds held in the Trust Account) will not be used to pay any federal, state, local, excise or other tax associated with the Company being a Nevada corporation. The Sponsors will provide sufficient loans as working capital to the Company to pay any such taxes owed from an account other than the Trust Account. Item 3. Defaults upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.