Western Acquisition Ventures Files 8-K on Securities Communications
Ticker: CYCUW · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1868419
Complexity: simple
Sentiment: neutral
Topics: corporate-action, spac, securities-communication
TL;DR
**WAVS filed an 8-K about ongoing securities communications, signaling potential big news ahead.**
AI Summary
Western Acquisition Ventures Corp. filed an 8-K on January 3, 2024, reporting an event that occurred on December 27, 2023. This filing indicates that the company is engaging in communications related to its securities, specifically units consisting of common stock and redeemable warrants, and common stock itself. This matters to investors because it signals ongoing corporate activity, potentially related to a business combination or other significant transaction, which could impact the value of their shares and warrants.
Why It Matters
This filing indicates Western Acquisition Ventures Corp. is actively communicating about its securities, which could precede a significant corporate event like an acquisition or merger, directly affecting shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates ongoing corporate activity without specifying the nature, creating uncertainty about future impacts on stock value.
Analyst Insight
Investors should monitor Western Acquisition Ventures Corp. for further announcements, particularly regarding the nature of the communications and any potential business combinations, as this filing signals preparatory activity.
Key Numbers
- December 27, 2023 — Date of earliest event reported (Indicates when the reported event occurred.)
- January 3, 2024 — Filing Date (The date the 8-K was officially filed with the SEC.)
Key Players & Entities
- Western Acquisition Ventures Corp. (company) — the registrant filing the 8-K
- 001-42124 (dollar_amount) — Commission File Number
- 86-3720717 (dollar_amount) — IRS Employer Identification No.
- December 27, 2023 (date) — Date of earliest event reported
- January 3, 2024 (date) — Filed as of date
Forward-Looking Statements
- Western Acquisition Ventures Corp. will announce a definitive business combination agreement. (Western Acquisition Ventures Corp.) — medium confidence, target: 2024-06-30
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 27, 2023.
What type of communications is Western Acquisition Ventures Corp. engaging in, as indicated by the checked boxes in the filing?
Western Acquisition Ventures Corp. is engaging in 'Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)' and 'Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)'.
What specific securities are mentioned in relation to the reported event on December 27, 2023?
The filing mentions 'Units Each Consisting Of One Share Of Common Stock And One Redeemable Wwarrant' and 'Common Stock' and 'Redeemable Wwarrants Each Exercisable For A Share Of Common Stock At An Eexercise Price Of Dollar11.50 Per Share'.
What is the business address of Western Acquisition Ventures Corp.?
The business address of Western Acquisition Ventures Corp. is 42 Broadway, 12th Floor, New York, NY 10004.
What is the Commission File Number for Western Acquisition Ventures Corp.?
The Commission File Number for Western Acquisition Ventures Corp. is 001-42124.
Filing Stats: 973 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-01-03 14:50:30
Key Financial Figures
- $0.001 — ck Market LLC Common stock, par value $0.001 per share WAVS The NASDAQ Stock Mar
- $11.50 — of common stock at an exercise price of $11.50 per share WAVSW The NASDAQ Stock Ma
Filing Documents
- tm241826d1_8k.htm (8-K) — 36KB
- 0001104659-24-000758.txt ( ) — 259KB
- wavs-20231227.xsd (EX-101.SCH) — 4KB
- wavs-20231227_def.xml (EX-101.DEF) — 27KB
- wavs-20231227_lab.xml (EX-101.LAB) — 38KB
- wavs-20231227_pre.xml (EX-101.PRE) — 25KB
- tm241826d1_8k_htm.xml (XML) — 6KB
02. Departure of Directors or Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (a) Resignations of Directors Each of Stephen Christoffersen, William Lischak, Ade Okunabi, Robin Smith and Adam Stern, constituting the entire Board of Directors, resigned effective December 28, 2023. Each of the resignations was precipitated by the potential excise tax payable under the Inflation Reduction Act and their potential liability if the Company were unable to pay it at the time the tax is due, and not as a result of any disagreements with the Company or any matter relating to the Company's operations, policies, or practices. (b) Resignation of Officers The Company has accepted Stephen Christoffersen's resignation from his position as Chief Executive Officer of the Company, effective December 27, 2023 . Mr. Christoffersen's resignation was precipitated by the potential excise tax payable under the Inflation Reduction Act and his potential liability if the Company were unable to pay it at the time the tax is due, and not as a result of any disagreements with the Company or any matter relating to the Company's operations, policies, or practices and, for one day, remained as a member of the Board of Directors of the Company following his resignation as Chief Executive Officer of the Company. The Company has accepted William Lischak's resignation from his position as Chief Financial Officer of the Company, effective December 27, 2023 . Mr. Lischak's resignation was precipitated by the potential excise tax payable under the Inflation Reduction Act and his potential liability if the Company were unable to pay it at the time the tax is due, and not as a result of any disagreements with the Company or any matter relating to the Company's operations, policies, or practices and, for one day, remained as a member of the Board of Directors of the Company following his resignation as Chief Financial Offic
01. Financial Statements and Exhibits
ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WESTERN ACQUISITION VENTURES CORP. Date: January 3, 2024 By: /s/ James P McCormick James P. McCormick, President and CEO