LIGHTWAVE ACQUISITION CORP LWACW
*W EXP 06/06/203 · Equity WRT · CUSIP G5490M126
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersMenlo Park, CA
- FilingsSEC EDGAR
43
institutional holders
+0 vs Q1 2026
8.7m
shares reported held*
$2.6mreported value*
2 new
4 added
6 reduced
2 sold out
net sold ≈ $20.4k (-67.3k 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 ≈ $0.30. Options: 2 managers hold calls ($100.7k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 33 |
| Q4 2025 | 44 |
| Q1 2026 | 43 |
| Q2 2026 | 43 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2025 | 18 | 9 |
| Q1 2026 | 10 | 12 |
| Q2 2026 | 6 | 8 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $74.2k | $0 | 0.00 |
| Q1 2026 | $66.0k | $0 | 0.00 |
| Q2 2026 | $100.7k | $0 | 0.00 |
Biggest buyers
| Lepercq De Neuflize Asset Management LLC | Added | +86.4k |
| DLD Asset Management, LP | New | +50.0k |
| Lineage Point Capital LP | New | +32.4k |
| AQR Arbitrage LLC | Added | +4.5k |
| CSS LLC/IL | Added | +2.9k |
| Shaolin Capital Management LLC | Added | +2.6k |
Biggest sellers
| BERKLEY W R CORP | Reduced | -85.6k |
| Clear Street Group Inc. | Reduced | -57.4k |
| NEXPOINT ASSET MANAGEMENT, L.P. | Sold out | -50.0k |
| HEIGHTS CAPITAL MANAGEMENT, INC | Sold out | -25.0k |
| TORONTO DOMINION BANK | Reduced | -19.3k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -5.6k |
| Schonfeld Strategic Advisors LLC | Reduced | -2.5k |
| Bulldog Investors, LLP | Reduced | -766 |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $85.2k275.0k shares |
| NEXPOINT ASSET MANAGEMENT, L.P. | New | $15.5k50.0k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $6.1m | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| TORONTO DOMINION BANK 0.00% of their portfolio | 728.3k $225.8k | Reduced -19.3k |
| Harraden Circle Investments, LLC 0.02% of their portfolio | 540.6k $163.6k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 538.9k $159.1k | Added +4.5k |
| Magnetar Financial LLC 0.00% of their portfolio | 511.4k $151.0k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 500.0k $154.9k | Unchanged |
| Alberta Investment Management Corp 0.00% of their portfolio | 375.0k $116.2k | Unchanged |
| Verition Fund Management LLC 0.00% of their portfolio | 372.5k $110.0k | Unchanged |
| Linden Advisors LP 0.00% of their portfolio | 350.0k $105.9k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 350.0k $103.4k | Unchanged |
| Shaolin Capital Management LLC 0.01% of their portfolio | 327.6k $101.5k | Added +2.6k |
| Westchester Capital Management, LLC 0.00% of their portfolio | 284.9k $84.1k | Unchanged |
| CSS LLC/IL 0.00% of their portfolio | 273.4k $84.7k | Added +2.9k |
| Radcliffe Capital Management, L.P. 0.01% of their portfolio | 250.0k $75.7k | Unchanged |
| Periscope Capital Inc. 0.01% of their portfolio | 235.5k $71.3k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 225.0k $69.7k | Unchanged |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 200.0k $60.5k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 197.5k $59.8k | Unchanged |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 187.5k $55.4k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 187.5k $56.7k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 178.8k $55.4k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 176.8k $54.8k | Reduced -57.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 167.7k $50.8k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.00% of their portfolio | 156.9k $47.1k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 155.7k $35.8k | Unchanged |
| Governors Lane LP 0.00% of their portfolio | 150.0k $45.4k | Unchanged |
| Lepercq De Neuflize Asset Management LLC 0.03% of their portfolio | 140.0k $43.4k | Added +86.4k |
| Bulldog Investors, LLP 0.01% of their portfolio | 127.8k $37.7k | Reduced -766 |
| MMCAP International Inc. SPC 0.00% of their portfolio | 125.0k $38.7k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 100.0k $31.0k | Unchanged |
| Mint Tower Capital Management B.V. 0.00% of their portfolio | 100.0k $31.0k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 87.0k $26.3k | Reduced -2.5k |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 75.0k $22.1k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 62.5k $19.4k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 50.0k $15.5k | Unchanged |
| 683 Capital Management, LLC 0.00% of their portfolio | 50.0k $15.5k | Unchanged |
| DLD Asset Management, LP 0.00% of their portfolio | 50.0k $15.5k | New |
| Kepos Capital LP 0.01% of their portfolio | 35.4k $11.0k | Unchanged |
| Lineage Point Capital LP 0.00% of their portfolio | 32.4k $9.8k | New |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.00% of their portfolio | 27.7k $8.6k | Unchanged |
| GABELLI FUNDS LLC 0.00% of their portfolio | 22.3k $6.9k | Unchanged |
| BERKLEY W R CORP 0.00% of their portfolio | 10.0k $3.0k | Reduced -85.6k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 7.0k $2.2k | Reduced -5.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.0k $0 | Unchanged |