Western Acquisition Ventures Corp. Faces Delisting Notice
Ticker: CYCUW · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1868419
| Field | Detail |
|---|---|
| Company | Western Acquisition Ventures CORP. (CYCUW) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2025 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rules, sec-filing
TL;DR
WAVC got a delisting notice, might be in trouble.
AI Summary
Western Acquisition Ventures Corp. filed an 8-K on January 23, 2025, reporting a notice of delisting or failure to meet continued listing rules, and also indicating other events. The company's principal executive offices are located at 42 Broadway, 12th Floor, New York, NY 10004.
Why It Matters
This filing indicates potential issues with Western Acquisition Ventures Corp.'s continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet continued listing rules is a significant negative event that can lead to stock suspension or removal from an exchange.
Key Numbers
- 20250116 — Date of earliest event reported (This is the date the events triggering the 8-K filing occurred.)
- 20250123 — Filing Date (This is the date the 8-K report was officially filed with the SEC.)
Key Players & Entities
- Western Acquisition Ventures Corp. (company) — Registrant
- 42 Broadway, 12th Floor, New York, NY 10004 (location) — Principal Executive Offices
- 001-41214 (company) — Commission File Number
- 86-3720717 (company) — I.R.S. Employer Identification No.
FAQ
What specific listing rule or standard has Western Acquisition Ventures Corp. failed to satisfy?
The filing does not specify the exact listing rule or standard that has not been met, only that a notice has been received.
What are the potential consequences of this delisting notice for Western Acquisition Ventures Corp. shareholders?
Shareholders may face reduced liquidity, potential stock price declines, and the possibility of the stock being delisted from its current exchange.
Has Western Acquisition Ventures Corp. provided any details on the 'Other Events' mentioned in the filing?
The filing indicates 'Other Events' as a category but does not provide specific details about what those events entail within the provided text.
What is the primary business of Western Acquisition Ventures Corp.?
Western Acquisition Ventures Corp. is classified under SERVICES-COMPUTER PROGRAMMING SERVICES [7371].
When is the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on January 16, 2025.
Filing Stats: 559 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-01-23 16:24:09
Filing Documents
- tm254152-2_8k.htm (8-K) — 22KB
- 0001104659-25-005631.txt ( ) — 186KB
- wavs-20250116.xsd (EX-101.SCH) — 3KB
- wavs-20250116_lab.xml (EX-101.LAB) — 33KB
- wavs-20250116_pre.xml (EX-101.PRE) — 22KB
- tm254152-2_8k_htm.xml (XML) — 3KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 16, 2025, Western Acquisition Ventures Corp. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") stating that, pursuant to Nasdaq Listing Rule IM-5101-2 ("Rule IM-5101-2"), the staff of Nasdaq ("Staff") had determined that (i) the Company's securities will be delisted from Nasdaq, (ii) trading of the Company's common stock, warrants, and units will be suspended at the opening of business on January 23, 2025 and (iii) a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on Nasdaq. Under Rule IM-5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration statement. Since the Company failed to complete its initial business combination by January 11, 2025, the Staff concluded that the Company did not comply with Rule IM-5101-2 and that the Company's securities are now subject to delisting.
01 Other Events
Item 8.01 Other Events. On January 22, 2025, the Company received a letter from FINRA stating that trading symbols, WAVS, WAVSW and WAVSU, have been assigned to the Company's common stock, warrants and units, respectively, by FINRA. As a result, effective January 23, 2025, the Company's common stock, warrants and units may be quoted and traded in the market for unlisted securities (i.e., the "over-the-counter market").
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 23, 2025 By: /s/ James P McCormick James P. McCormick, President and CEO