Futurewave Acquisition, Olympian Group Agree to $400 Million SPAC Merger

05:31 PM EDT, 09/28/2026 (MT Newswires) -- Futurewave Acquisition (FWAC), a blank-check company, agreed to merge with Olympian Group, whose Hong Kong unit produces chip and electronic components, in a $400 million transaction, the companies said Monday. Under the merger terms, Olympian shareholders will receive 40 million shares valued at $10 each. The deal also includes dual-class voting shares and lock-up provisions for key founders. The combined company is expected to be listed on Nasdaq. Olympian is the parent of HK Shang Ge Industrial.