LightWave Lights Up Nasdaq With Tech Ambitions
Texas-based LightWave Acquisition, meanwhile, casts a broader net. Although initially focused on tech, the SPAC may pivot to targets in any geography or sector. CEO Robert Bennett, founder of First Lexington LLC, and CFO William Bunker, co-founder of Match.com, bring deep experience from both the private equity and tech startup worlds.
“We intend to focus on industries that complement our management team’s background,” LightWave said in its SEC filing, hinting at a strategic, operator-led approach to its forthcoming acquisition.
LightWave tapped Loeb & Loeb LLP, with partners Mitch Nussbaum and David Levine at the helm, while Walkers LLP partner Andrew Barker is handling Cayman Islands matters. Ellenoff Grossman & Schole LLP, led again by Doug Ellenoff, Stuart Neuhauser, and Anthony Ain, is advising underwriter BTIG LLC.
SPAC Comeback Roars in 2025
After enduring regulatory headwinds and cooling investor sentiment from 2021 to 2023, SPACs are roaring back in 2025. According to SPAC Research, 58 blank-check companies have gone public this year, raising over $12 billion — already surpassing all of 2024, when 57 SPACs raised just $10 billion in total.
Both Oxley and LightWave have the typical 24-month window to identify and complete a merger or return capital to investors, adding urgency to their hunt for the next breakout target in tech and beyond.
As Oxley and LightWave hit the public markets backed by heavyweight law firms and strategic leadership, their debuts signal not just individual ambition—but a wider renaissance in SPAC activity, where bold bets and blank checks are once again back in vogue.
