Western Acquisition Ventures Corp. Signs Material Definitive Agreement

TL;DR

WAVS signed a big deal, filing includes financials. Big news incoming.

AI Summary

On September 24, 2024, Western Acquisition Ventures Corp. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this event. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This filing indicates a significant new contract or partnership for Western Acquisition Ventures Corp., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new risks and opportunities, the specifics of which are not detailed in this initial 8-K filing.

Key Players & Entities

• Western Acquisition Ventures Corp. (company) — Registrant
• September 24, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-42124 (identifier) — Commission File Number
• 86-3720717 (identifier) — IRS Employer Identification No.

FAQ

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
• $255,555 — entures Sponsor LLC (the "Sponsor") for $255,555.56, pursuant to which the Company can b
• $230,000.00 — up to an aggregate principal amount of $230,000.00 from the Sponsor for certain transactio
• $210,555 — ii) a promissory note with Cycurion for $210,555.56, pursuant to which Cycurion can borr
• $180,000.00 — up to an aggregate principal amount of $180,000.00 from the Company for certain transactio

Filing Documents

• tm2424870d1_8k.htm (8-K) — 32KB
• tm2424870d1_ex10-1.htm (EX-10.1) — 41KB
• tm2424870d1_ex10-2.htm (EX-10.2) — 40KB
• 0001104659-24-102802.txt ( ) — 355KB
• wavs-20240924.xsd (EX-101.SCH) — 4KB
• wavs-20240924_def.xml (EX-101.DEF) — 27KB
• wavs-20240924_lab.xml (EX-101.LAB) — 37KB
• wavs-20240924_pre.xml (EX-101.PRE) — 26KB
• tm2424870d1_8k_htm.xml (XML) — 7KB

01

Item 1.01. Entry into a Material Definitive Agreement. On September 24, 2024, Western Acquisition Ventures Corp. (the "Company") entered into (i) a promissory note with Western Acquisition Ventures Sponsor LLC (the "Sponsor") for $255,555.56, pursuant to which the Company can borrow up to an aggregate principal amount of $230,000.00 from the Sponsor for certain transaction expenses related to the Company's business combination ("Business Combination") with Cycurion Inc. ("Cycurion") (the "Sponsor Promissory Note"); and (ii) a promissory note with Cycurion for $210,555.56, pursuant to which Cycurion can borrow up to an aggregate principal amount of $180,000.00 from the Company for certain transaction expenses in connection with Cycurion's consummation of the Business Combination (the "Cycurion Promissory Note"). The foregoing summaries of the Sponsor Promissory Note and the Cycurion Promissory Note do not purport to be complete and are qualified in their entirety by the Sponsor Promissory Note and the Cycurion Promissory Note filed by the Company as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Sponsor Promissory Note, dated September 24, 2024 10.2 Cycurion Promissory Note, dated September 24, 2024 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: September 25, 2024 By: /s/ James P McCormick James P. McCormick, President and CEO

View Full Filing

View this 8-K filing on SEC EDGAR