Western Acquisition Ventures Corp. Signs Material Definitive Agreement
Ticker: CYCUW · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1868419
| Field | Detail |
|---|---|
| Company | Western Acquisition Ventures CORP. (CYCUW) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, acquisition
TL;DR
WAVS just signed a big deal, details TBD.
AI Summary
Western Acquisition Ventures Corp. announced on October 9, 2024, that it has entered into a material definitive agreement. The filing does not provide specific details on the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant development for Western Acquisition Ventures Corp., potentially involving a merger, acquisition, or other strategic transaction that could impact its future operations and shareholder value.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty and potential risk for investors.
Key Players & Entities
- Western Acquisition Ventures Corp. (company) — Registrant
- October 9, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Western Acquisition Ventures Corp.?
The filing does not specify the nature of the material definitive agreement.
Who is the counterparty to the material definitive agreement?
The filing does not disclose the identity of the counterparty to the agreement.
Are there any financial terms or dollar amounts associated with this agreement?
The filing does not provide any specific financial terms or dollar amounts related to the agreement.
When was the material definitive agreement entered into?
The earliest event reported in the filing is October 9, 2024, which is the date of the report and likely the date the agreement was entered into or became effective.
What is the purpose of this 8-K filing?
This 8-K filing is to report the entry into a material definitive agreement and to include financial statements and exhibits related to this event.
Filing Stats: 537 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-10-09 16:19:55
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
- tm2425759d1_8k.htm (8-K) — 32KB
- tm2425759d1_ex10-1.htm (EX-10.1) — 87KB
- 0001104659-24-107345.txt ( ) — 363KB
- wavs-20241009.xsd (EX-101.SCH) — 4KB
- wavs-20241009_def.xml (EX-101.DEF) — 27KB
- wavs-20241009_lab.xml (EX-101.LAB) — 37KB
- wavs-20241009_pre.xml (EX-101.PRE) — 26KB
- tm2425759d1_8k_htm.xml (XML) — 7KB
01
Item 1.01. Entry into a Material Definitive Agreement. On October 9, 2024, Western Acquisition Ventures Corp., a company incorporated in Delaware (the "Company"), Western Acquisition Ventures Sponsor, LLC (the "Sponsor") and RiverNorth SPAC Arbitrage Fund, LP (the "Investor") entered into a non-redemption agreement (the "Non-Redemption Agreement") whereby the Sponsor plans to transfer to the Investor 5,000 shares each month over the next three months for agreeing not to redeem the 99,800 that it currently holds prior to the business combination. The foregoing summary of the Non-Redemption Agreement does not purport to be complete and is qualified in its entirety by the Non-Redemption Agreement filed by the Company as Exhibit 10.1 to this Current Report on Form 8-K.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Non-Redemption Agreement and Assignment of Economic Interest, dated October 9, 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: October 9, 2024 By: /s/ James P McCormick James P. McCormick, President and CEO