Vault-13

LIGHTWAVE ACQUISITION CORP LWAC

USD CL A ORD SHS · Common Stock · CUSIP G5490M100

58 institutional holders +1 vs Q1 2026
19,439,50419.4m shares reported held*
$198.9mreported value*
2 new 9 added 9 reduced 2 sold out net bought ≈ $1.3m (+126.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.23.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 25: 36Q4 25: 53Q1 26: 57Q2 26: 5858Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202536
Q4 202553
Q1 202657
Q2 202658

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 25: 25 bought or addedQ4 25: 9 cut or sold outQ4 25Q1 26: 17 bought or addedQ1 26: 9 cut or sold outQ1 26Q2 26: 11 bought or addedQ2 26: 11 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 2025259
Q1 2026179
Q2 20261111

Biggest buyers

GLAZER CAPITAL, LLC Added +218,171+218.2k
MIZUHO SECURITIES USA LLC Added +175,945+175.9k
WOLVERINE ASSET MANAGEMENT LLC Added +32,533+32.5k
CSS LLC/IL New +23,316+23.3k
Schonfeld Strategic Advisors LLC Added +17,864+17.9k
Clear Street Group Inc. Added +17,682+17.7k
UBS Group AG New +10,536+10.5k
AQR Arbitrage LLC Added +9,084+9.1k
Logan Stone Capital, LLC Added +1,113+1.1k
Radcliffe Capital Management, L.P. Added +100+100

Biggest sellers

Verition Fund Management LLC Reduced -100,767-100.8k
NEXPOINT ASSET MANAGEMENT, L.P. Sold out -100,000-100.0k
Shaolin Capital Management LLC Reduced -69,999-70.0k
TORONTO DOMINION BANK Reduced -38,500-38.5k
Meteora Capital, LLC Reduced -26,621-26.6k
Periscope Capital Inc. Reduced -25,000-25.0k
PenderFund Capital Management Ltd. Sold out -10,196-10.2k
Karpus Management, Inc. Reduced -6,550-6.5k
Bulldog Investors, LLP Reduced -1,525-1.5k
GEODE CAPITAL MANAGEMENT, LLC Reduced -286-286

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: BARCLAYS PLC (0.0%, 2026-02-13), AQR CAPITAL MANAGEMENT LLC (4.8%, 2026-02-11)

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 1 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20251$6.1m0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,067,3431.1m $10.9m $10.9m 0.01% Unchanged
2 AQR Arbitrage LLC 0.15% of their portfolio Greenwich, CT 1,034,6401.0m $10.6m $10.6m 0.15% Added +9.1k +9,084
3 Magnetar Financial LLC 0.10% of their portfolio EVANSTON, IL 1,022,8001.0m $10.5m $10.5m 0.10% Unchanged
4 TENOR CAPITAL MANAGEMENT Co., L.P. 0.14% of their portfolio NEW YORK, NY 1,000,0001.0m $10.2m $10.2m 0.14% Unchanged
5 Linden Advisors LP 0.05% of their portfolio New York, NY 950,000950.0k $9.7m $9.7m 0.05% Unchanged
6 Westchester Capital Management, LLC 0.42% of their portfolio VALHALLA, NY 819,872819.9k $8.4m $8.4m 0.42% Unchanged
7 Alberta Investment Management Corp 0.04% of their portfolio EDMONTON, A0 750,000750.0k $7.7m $7.7m 0.04% Unchanged
8 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 679,687679.7k $6.9m $6.9m 0.01% Unchanged
9 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 655,013655.0k $6.7m $6.7m 0.05% Reduced -100.8k -100,767
10 GLAZER CAPITAL, LLC 0.15% of their portfolio New York, NY 608,350608.4k $6.2m $6.2m 0.15% Added +218.2k +218,171
11 Radcliffe Capital Management, L.P. 0.44% of their portfolio BALA CYNWYD, PA 564,260564.3k $5.8m $5.8m 0.44% Added +100 +100
12 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 550,000550.0k $5.6m $5.6m 0.00% Unchanged
13 Karpus Management, Inc. 0.15% of their portfolio Pittsford, NY 510,050510.1k $5.2m $5.2m 0.15% Reduced -6.5k -6,550
14 MANGROVE PARTNERS IM, LLC 0.33% of their portfolio Greenwich, CT 486,900486.9k $5.0m $5.0m 0.33% Unchanged
15 MOORE CAPITAL MANAGEMENT, LP 0.10% of their portfolio NEW YORK, NY 450,000450.0k $4.6m $4.6m 0.10% Unchanged
16 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 400,000400.0k $4.1m $4.1m 0.02% Unchanged
17 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 383,333383.3k $3.9m $3.9m 0.02% Unchanged
18 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 378,550378.6k $3.9m $3.9m 0.00% Unchanged
19 OMERS ADMINISTRATION Corp 0.02% of their portfolio TORONTO, A6 375,000375.0k $3.8m $3.8m 0.02% Unchanged
20 ARISTEIA CAPITAL, L.L.C. 0.06% of their portfolio GREENWICH, CT 375,000375.0k $3.8m $3.8m 0.06% Unchanged
21 Periscope Capital Inc. 0.61% of their portfolio Toronto, A6 375,000375.0k $3.8m $3.8m 0.61% Reduced -25.0k -25,000
22 Polar Asset Management Partners Inc. 0.07% of their portfolio TORONTO, A6 357,500357.5k $3.7m $3.7m 0.07% Unchanged
23 Governors Lane LP 0.35% of their portfolio NEW YORK, NY 342,966343.0k $3.5m $3.5m 0.35% Unchanged
24 Shaolin Capital Management LLC 0.19% of their portfolio Miami, FL 330,001330.0k $3.4m $3.4m 0.19% Reduced -70.0k -69,999
25 Ghisallo Capital Management LLC 0.07% of their portfolio BOSTON, MA 325,000325.0k $3.3m $3.3m 0.07% Unchanged
26 MIZUHO SECURITIES USA LLC 0.03% of their portfolio NEW YORK, NY 315,574315.6k $3.2m $3.2m 0.03% Added +175.9k +175,945
27 TIG Advisors, LLC 0.15% of their portfolio New York, NY 315,406315.4k $3.2m $3.2m 0.15% Unchanged
28 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.15% of their portfolio WEST PALM BEACH, FL 311,494311.5k $3.2m $3.2m 0.15% Unchanged
29 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 268,164268.2k $2.7m $2.7m 0.01% Added +17.9k +17,864
30 Bulldog Investors, LLP 0.57% of their portfolio SADDLE BROOK, NJ 255,661255.7k $2.6m $2.6m 0.57% Reduced -1.5k -1,525
31 MMCAP International Inc. SPC 0.22% of their portfolio GRAND CAYMAN, E9 250,000250.0k $2.6m $2.6m 0.22% Unchanged
32 BERKLEY W R CORP 0.12% of their portfolio Greenwich, CT 248,050248.1k $2.5m $2.5m 0.12% Unchanged
33 Centiva Capital, LP 0.08% of their portfolio New York, NY 225,000225.0k $2.3m $2.3m 0.08% Unchanged
34 PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio Toronto, A6 200,000200.0k $2.0m $2.0m 0.02% Unchanged
35 Mint Tower Capital Management B.V. 0.24% of their portfolio AMSTERDAM, P7 200,000200.0k $2.0m $2.0m 0.24% Unchanged
36 O'Connor Alternative Investments LLC 0.15% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 0.15% Not comparable
37 SONA ASSET MANAGEMENT (US) LLC 0.08% of their portfolio NEW YORK, NY 199,100199.1k $2.0m $2.0m 0.08% Unchanged
38 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 181,103181.1k $1.9m $1.9m 0.02% Added +32.5k +32,533
39 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 171,300171.3k $1.8m $1.8m 0.01% Added +17.7k +17,682
40 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 150,000150.0k $1.5m $1.5m 0.00% Reduced -38.5k -38,500
41 Logan Stone Capital, LLC 0.32% of their portfolio CHICAGO, IL 148,198148.2k $1.5m $1.5m 0.32% Added +1.1k +1,113
42 WHITEBOX ADVISORS LLC 0.02% of their portfolio MINNEAPOLIS, MN 125,000125.0k $1.3m $1.3m 0.02% Unchanged
43 Meteora Capital, LLC 0.10% of their portfolio Boca Raton, FL 123,379123.4k $1.3m $1.3m 0.10% Reduced -26.6k -26,621
44 DLD Asset Management, LP 0.08% of their portfolio NEW YORK, NY 100,808100.8k $1.0m $1.0m 0.08% Unchanged
45 Context Capital Management, LLC 0.02% of their portfolio LAJOLLA, CA 100,000100.0k $1.0m $1.0m 0.02% Unchanged
46 683 Capital Management, LLC 0.09% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.09% Unchanged
47 Kepos Capital LP 1.11% of their portfolio NEW YORK, NY 80,00080.0k $818.0k $818.0k 1.11% Unchanged
48 L1 Global Manager Pty Ltd 0.62% of their portfolio Melbourne, C3 75,00075.0k $766.5k $766.5k 0.62% Unchanged
49 Parallax Volatility Advisers, L.P. 0.02% of their portfolio San Francisco, CA 64,11264.1k $657.1k $657.1k 0.02% Added +2 +2
50 GABELLI & Co INVESTMENT ADVISERS, INC. 0.08% of their portfolio Rye, NY 55,40055.4k $566.2k $566.2k 0.08% Unchanged
51 HEIGHTS CAPITAL MANAGEMENT, INC 0.12% of their portfolio SAN FRANCISCO, CA 50,00050.0k $512.5k $512.5k 0.12% Unchanged
52 ABC ARBITRAGE SA 0.04% of their portfolio PARIS, I0 35,00035.0k $357.7k $357.7k 0.04% Unchanged
53 Quarry LP 0.04% of their portfolio NEW YORK, NY 24,50024.5k $250.4k $250.4k 0.04% Unchanged
54 RLH Capital LLC 0.12% of their portfolio Great Neck, NY 24,50024.5k $250.4k $250.4k 0.12% Unchanged
55 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 23,31623.3k $238.3k $238.3k 0.01% New
56 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 17,58717.6k $180.3k $180.3k 0.00% Reduced -286 -286
57 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,53610.5k $107.7k $107.7k 0.00% New
58 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5151 $521 $521 0.00% Reduced -20 -20