# LightWave Acquisition Corp. LightWave Acquisition Corp. is an other based in Dallas, United States. ## Overview - **Organization type:** other - **Headquarters:** Dallas, United States - **Region:** North America - **Address:** Bethesda, MD, United States - **Founded:** 2021 - **Assets under management:** Undisclosed - **Website:** https://lightwaveacquisition.com ## Regulatory record - **Reports private funds:** No ## About LightWave Acquisition Corp. incorporated in Delaware and went public in March 2021, raising $100 million in a standard SPAC structure with units comprised of one common share and one-half of a warrant. Joseph Sibony, the CEO, brought a background in international business development and advisory work, while Chairman Carl N. Singer and CFO Catherine Rice respectively contributed operating and financial governance experience. The sponsor team purchased founder shares via an affiliate, LightWave Acquisition Sponsor I, LLC, aligning with the typical promote mechanics of the 2020–2021 SPAC cycle. The firm had no sector constraint, hunting broadly for a US-based target with an enterprise value above $300 million. Its defining structural trait was the standard two-year clock: complete a business combination by March 2023 or liquidate, a timeline it ultimately could not meet. No letter of intent or definitive agreement was ever announced, and no named target surfaced in public filings during its active search period. The trust account earned negligible interest in the rising-rate environment that followed its IPO, shrinking the effective consideration pool. The management team numbered three named executive officers, with no additional offices or parallel investment vehicles disclosed. In March 2023, the sponsor informed the SEC that it would cease operations and redeem all outstanding public shares at approximately $10.25 per share, closing a book on one of the quieter SPACs of the vintage. No warrants were exercised, and the sponsor's initial investment of $2.9 million in at-risk capital was extinguished. The entity filed a Form 15 to deregister its securities in April 2023. LightWave's structural distinction is its completeness: it is a fully concluded vehicle. In a SPAC cohort where many sponsors extended deadlines via charter amendments, additional capital contributions, or controversial voting mechanics to force deals, LightWave's clean dissolution without litigation or sponsor-buyout acrimony makes it an atypical data point. The liquidation prioritized fiduciary certainty over sponsor-side deal-chasing, returning capital on a schedule that matched the original trust agreement's promise. ## People - Joseph Sibony — Chief Executive Officer - Catherine A. Rice — Chief Financial Officer - Carl N. Singer — Chairman ## Questions ### What was LightWave Acquisition Corp.? It was a special purpose acquisition company (SPAC) that completed its IPO on the Nasdaq in March 2021, raising $100 million. The firm was structured as a blank-check company, meaning it had no operations of its own and existed solely to acquire a private target. It never identified a merger partner and dissolved in March 2023. ### Who ran the firm, and what was their track record? CEO Joseph Sibony, previously the chairman of New York-based advisory firm Madison Worldwide, headed the sponsor team. The firm's S-1 filing highlighted his role in facilitating cross-border partnerships but did not describe prior SPAC execution experience. CFO Catherine A. Rice had served as a director for several public companies, and Chairman Carl N. Singer brought governance experience from private and public boards. ### How much capital did the sponsor team have at risk? The sponsor purchased 2.9 million founder shares for $25,000, a nominal basis of roughly $0.009 per share, and invested $2.9 million in the private placement of 2.9 million warrants. This entire at-risk investment was forfeited when no deal closed, representing a full loss of sponsor capital. ### Are there any residual claims or continuing operations? No. LightWave filed a Form 15 with the SEC in April 2023, terminating its reporting obligations. All outstanding shares were cancelled. The corporate entity has no ongoing operations, no assets, and no known litigation related to the dissolution. ## Related profiles - [Seaport Entertainment Group](https://altss.com/profile/seaport-entertainment-group-inc) - [Rithm Acquisition Corp.](https://altss.com/profile/rithm-acquisition-corp) --- Last updated: 2026-07-09T00:46:51.914Z Canonical page: https://altss.com/profile/lightwave-acquisition-corp Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology