Western Acquisition Ventures Corp. Files Definitive Proxy Statement

TL;DR

WAVC filed its proxy statement, shareholders vote soon.

AI Summary

Western Acquisition Ventures Corp. filed a Definitive Proxy Statement (DEF 14A) on June 24, 2024, for the fiscal year ending December 31, 2024. The company, incorporated in Delaware, is involved in computer programming services and is headquartered at 42 Broadway, New York, NY. This filing is related to the company's proxy materials for its shareholders.

Why It Matters

This filing provides shareholders with essential information regarding upcoming shareholder meetings and voting matters, allowing them to make informed decisions about the company's governance.

Risk Assessment

Risk Level: low — This is a routine filing of a proxy statement, which is standard for publicly traded companies and does not indicate any unusual risks.

Key Players & Entities

• Western Acquisition Ventures Corp. (company) — Registrant
• 0001104659-24-074159 (filing_id) — Accession Number
• 20240624 (date) — Filing Date
• 42 Broadway, 12th Floor, New York, NY 10004 (address) — Business Address

FAQ

Key Financial Figures

• $100 — te by depositing into the Trust Account $100 (the " Trust Amendment ") (we refer to
• $116,150,000 — ing of the Company's IPO, approximately $116,150,000 was placed in a trust account (" Trust
• $2,600,504 — t in the Trust Account is approximately $2,600,504. The Board has fixed the close of bus
• $0.0001 — were 3,525,267 shares of common stock, $0.0001 par value, issued and outstanding (the
• $10,000 — ompany deposited into the Trust account $10,000 per month for the first six-month exten
• $10.55 — tion will be unchanged at approximately $10.55 per share (without taking into account
• $11.00 — any's common stock on June 21, 2024 was $11.00. The Company cannot assure stockholders
• $100,000 — d to us (net of taxes payable and up to $100,000 for costs associated with winding up an
• $1.1 million — result in a tax liability in excess of $1.1 million. The Company currently does not have as

Filing Documents

• tm2417211-2_def14a.htm (DEF 14A) — 360KB
• px_24westernacqpxy1pg01-bw.jpg (GRAPHIC) — 269KB
• px_24westernacqpxy1pg02-bw.jpg (GRAPHIC) — 329KB
• px_24westernacqpxy1pg03-bw.jpg (GRAPHIC) — 402KB
• 0001104659-24-074159.txt ( ) — 1663KB

From the Filing

DEF 14A 1 tm2417211-2_def14a.htm DEF 14A tm2417211-2_def14a - none - 2.9062727s UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for the use of the Commission only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 WESTERN ACQUISITION VENTURES CORP. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. WESTERN ACQUISITION VENTURES CORP. 42 Broadway, 12 th Floor New York, New York 10004 NOTICE OF SPECIAL MEETING TO BE HELD JULY 2, 2024 TO THE STOCKHOLDERS OF WESTERN ACQUISITION VENTURES CORP. On behalf of the Board of Directors of Western Acquisition Ventures Corp. (the " Company " or " we "), I invite you to attend our Special Meeting of Stockholders (the " Special Meeting "). We hope you can join us. The Special Meeting will be a virtual meeting only and will be held via a videoconference. Stockholders will not be able to physically attend the meeting. The virtual meeting can be accessed by using the following link: https://web.lumiconnect.com/285796129 The password for the videoconference is: wavs2024 We are mailing first mailing these materials to our stockholders on or about June 24, 2024. As discussed in the enclosed Proxy Statement, the purpose of the Special Meeting is to consider and vote upon the following proposals: (i) Proposal 1—A proposal to amend the Company's Certificate of Incorporation (the " Charter "), to extend the date by which the Company has to consummate a business combination (the " Charter Amendment "), such extension for an additional three (3)-month period (the " Extension "), from July 11, 2024 through and including October 11, 2024 (such date actually extended being referred to as the " Extended Termination Date ") (we refer to this proposal as the " Charter Amendment Proposal "); (ii) Proposal 2—A proposal to amend the Company's investment management trust agreement, dated as of January 11, 2022, as amended (the " Trust Agreement "), by and between the Company and Equiniti Trust Company (the " Trustee "), allowing the Company to extend the Extended Termination Date by depositing into the Trust Account $100 (the " Trust Amendment ") (we refer to this proposal as the " Trust Amendment Proposal "); and (iii) Proposal 3—A proposal to direct the chairman of the Special Meeting to adjourn the Special Meeting to a later date or dates (the " Adjournment "), if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Special Meeting, there are not sufficient votes to approve the foregoing proposals (we refer to this proposal as the " Adjournment Proposal "). The purpose of the Charter Amendment Proposal and the Trust Amendment Proposal is to allow the Company additional time to complete the proposed business combination (the " Proposed Business Combination ") or any potential alternative initial business combination. The Company's prospectus for its initial public offering (" IPO ") and its Charter provided that the Company has until January 11, 2023, which was subsequently extended to July 11, 2024 (the " Current Termination Date ") to complete the Proposed Business Combination. There is not sufficient time before July 11, 2024 for the Company to complete the Proposed Business Combination given the projected timetable for finalizing a registration statement under the Securities Act of 1933 on Form S-4 (the " Proposed Business Combination Registration Statement ") and having it declared effective prior to holding a special meeting of the Company to consider the Proposed Business Combination. Accordingly, the Board has determined that it is in the best interests of our stockholders to extend the date that the Company has to consummate the Proposed Business Combination. If the Charter Amendment Proposal and the Trust Amendment Proposal are approved, the Company would have an additional three months after the Extended Termination Date to consummate the Proposed Business Combination or any potential alternative initial business combination, until October 11, 2024, which is a total of up to 33 months to complete the Proposed Business Combination after the Company's IPO. Upon the closing of the Company's IPO, approximately $116,150,000 was placed in a trust account (" Trust Account ") with Equiniti Trust Company acting as trustee, and h

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View this DEF 14A filing on SEC EDGAR