East West Ave Acquisition (NASDAQ:EWAVU) Insider Space Summit Capital Llc Purchases 1,087,000 Shares of Stock

East West Ave Acquisition Corp. (NASDAQ:EWAVU) insider Space Summit Capital Llc acquired 1,087,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $10.00 per share, for a total transaction of $10,870,000.00. Following the completion of the acquisition, the insider owned 1,087,000 shares of the company’s stock, valued at approximately $10,870,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Space Summit Capital Llc also recently made the following trade(s):

• On Friday, July 31st, Space Summit Capital Llc sold 90,469 shares of East West Ave Acquisition stock. The stock was sold at an average price of $9.94, for a total transaction of $899,261.86.

East West Ave Acquisition Stock Performance

Shares of EWAVU traded down $0.02 during mid-day trading on Tuesday, hitting $9.94. 160,571 shares of the company were exchanged, compared to its average volume of 257,036. East West Ave Acquisition Corp. has a 1-year low of $9.91 and a 1-year high of $9.97.

East West Ave Acquisition Company Profile

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies.

The company does not operate a commercial business or offer products and services of its own. Its activities are focused on evaluating potential merger, acquisition, capital stock exchange, asset acquisition, reorganization or similar transactions.

East West Ave Acquisition Corp.’s securities include publicly traded units under the NASDAQ symbol EWAVU.