FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 001-43355 East West Ave Acquisition Corp.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (clso§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated Filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of the date hereof, there were 13,222,500 shares of common stock par value $0.0001 per share, issued and outstanding. EAST WEST AVE ACQUISITION CORP.FORM 10-QFOR THE QUARTERLY PERIOD ENDED MAY 31, 2026 TABLE OF CONTENTS PagePart I.Financial InformationF-1Item 1.Financial Statements (Unaudited)F-1Condensed Consolidated Balance Sheets (Unaudited)F-2Unaudited Condensed Consolidated Statements of Changes in Shareholder’s (Deficit) EquityF-4Unaudited Condensed Consolidated Statements of Cash FlowsF-5Notes to Unaudited Condensed Consolidated Financial StatementsF-6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations1Item 3.Quantitative and Qualitative Disclosures About Market Risk5Item 4.Controls and Procedures5Part IIOther Information6Item 1.Legal Proceedings6Item 1A.Risk Factors6Item 2.Unregistered Sales of Equity Securities and Use of Proceeds6Item 3.Defaults upon Senior Securities6Item 4.Mine Safety Disclosures6Item 5.Other Information6Item 6.Exhibits7Signatures8i PART I – FINANCIAL INFORMATION EAST WEST AVE ACQUISITION CORP.INDEX TO FINANCIAL STATEMENTS PageUnaudited Financial Statements of East West Ave Acquisition Corp.:Balance Sheet as of May 31, 2026 and November 30, 2025F-2Unaudited Condensed Statements of Operations for the Three Months Ended May 31, 2026F-3Unaudited Condensed Statement of Changes in Shareholder’s Equity for the Period from October 30, 2025 (Inception)Through May 31, 2026F-4Unaudited Condensed Statement of Cash Flows for the Three Months Ended May 31, 2026F-5Notes to Unaudited Financial StatementsF-6 EAST WEST AVE ACQUISITION CORP.CONDENSED BALANCE SHEET (1)Includes up to an aggregate of 375,000 shares of common stock subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full or in part (see Note 5). The accompanying notes are an integral part of the condensed financial statements. EAST WEST AVE ACQUISITION CORP.CONDENSED STATEMENT OF OPERATIONS(UNAUDITED) For The ThreeMonths EndedMay 31, 2026Formation and operating costs$13,455Net loss$(13,455)Weighted average number of shares outstanding, basic and diluted (1)2,500,000Basic and diluted net loss per share$(0.005) (1)Excludes up to an aggregate of 375,000 shares of common stock subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full or in part (see Note 5). The accompanying notes are an integral part of the condensed financial statements. F-3 EAST WEST AVE ACQUISITION CORP.CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITYFOR THE PERIOD FROM OCTOBER 30, 2025 (INCEPTION) TO MAY 31, 2026(UNAUDITED) (1)Includes up to an aggregate of 375,000 shares of common stock subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full or in part (see Note 5). The accompanying notes are an integral part of the condensed financial statements. EAST WEST AVE ACQUISITION CORP.CONDENSED STATEMENT OF CASH FLOWS(UNAUDITED) EAST WEST AVE ACQUISITION CORP.NOTES TO FINANCIAL STATEMENTS NOTE 1. DESCRIPTION OF ORGANIZATI