Alpha Capital Anstalt Divests Entire Stake in Western Acquisition Ventures
Ticker: CYCUW · Form: SC 13G/A · Filed: Jan 4, 2024 · CIK: 1868419
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, divestment, ownership-change
TL;DR
**Alpha Capital Anstalt dumped all its Western Acquisition Ventures stock.**
AI Summary
Alpha Capital Anstalt, a Liechtenstein-based entity, filed an amendment to its Schedule 13G on January 4, 2024, indicating a significant change in its holdings of Western Acquisition Ventures Corp. common stock. As of December 31, 2023, Alpha Capital Anstalt reported having 0 shares with sole voting power, a decrease from its previous holdings. This matters to investors because it signals that a major institutional holder has completely divested its stake, potentially indicating a loss of confidence or a strategic portfolio reallocation.
Why It Matters
This filing shows a major institutional investor, Alpha Capital Anstalt, has sold all its shares in Western Acquisition Ventures Corp., which could signal a lack of confidence in the company's future prospects.
Risk Assessment
Risk Level: medium — The complete divestment by an institutional investor can create selling pressure and raise questions about the company's outlook.
Analyst Insight
Investors should investigate the reasons behind Alpha Capital Anstalt's complete divestment and assess if there are underlying issues with Western Acquisition Ventures Corp. before making investment decisions.
Key Numbers
- 0 Shares — Sole Voting Power (Alpha Capital Anstalt's current beneficial ownership of Western Acquisition Ventures Corp. common stock as of December 31, 2023)
Key Players & Entities
- Alpha Capital Anstalt (company) — the reporting person that filed the SC 13G/A amendment
- Western Acquisition Ventures Corp. (company) — the issuer of the common stock
- Liechtenstein (company) — place of organization for Alpha Capital Anstalt
- December 31, 2023 (date) — date of event requiring the filing
- January 4, 2024 (date) — date the SC 13G/A was filed
Forward-Looking Statements
- Western Acquisition Ventures Corp. stock may experience increased selling pressure due to the institutional divestment. (Western Acquisition Ventures Corp.) — medium confidence, target: short-term
FAQ
What is the purpose of this SC 13G/A filing?
This filing is an Amendment No. 1 to Schedule 13G, indicating a change in beneficial ownership of Western Acquisition Ventures Corp. common stock by Alpha Capital Anstalt, specifically reporting a reduction in their holdings.
Who is the reporting person in this filing?
The reporting person is Alpha Capital Anstalt, an entity organized in Liechtenstein, as stated on page 2 of 5 pages under 'NAMES OF REPORTING PERSON'.
What is the title of the class of securities involved in this filing?
The title of the class of securities is 'COMMON STOCK' of Western Acquisition Ventures Corp., as specified on the cover page of the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page.
How many shares of common stock does Alpha Capital Anstalt beneficially own with sole voting power as of the event date?
As of December 31, 2023, Alpha Capital Anstalt beneficially owns 0 Shares of Common Stock with sole voting power, as reported on page 2 of 5 pages under 'SOLE VOTING POWER'.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-01-04 13:22:29
Filing Documents
- ea191181-13ga1alpha_western.htm (SC 13G/A) — 32KB
- 0001213900-24-001091.txt ( ) — 33KB
(a) NAME OF ISSUER: Western Acquisition Ventures Corp., a Delaware
ITEM 1 (a) NAME OF ISSUER: Western Acquisition Ventures Corp., a Delaware corporation
(b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
ITEM 1 (b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: 42 Broadway, 12 th Floor, New York, NY 10004
(a) NAME OF PERSON FILING: Alpha Capital Anstalt
ITEM 2 (a) NAME OF PERSON FILING: Alpha Capital Anstalt
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Altenbach 8, FL-9490 Vaduz, Liechtenstein
(c) CITIZENSHIP: Liechtenstein
ITEM 2 (c) CITIZENSHIP: Liechtenstein
(d) TITLE OF CLASS OF SECURITIES: Common Stock
ITEM 2 (d) TITLE OF CLASS OF SECURITIES: Common Stock
(e) CUSIP NUMBER: 95758L107
ITEM 2 (e) CUSIP NUMBER: 95758L107
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B)
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B): Not applicable
OWNERSHIP
ITEM 4 OWNERSHIP (a) AMOUNT BENEFICIALLY OWNED: 0 Shares of Common Stock (1) (b) PERCENT OF CLASS: 0% (1) (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR DIRECT THE VOTE 0 Shares of Common Stock (1) (ii) SHARED POWER TO VOTE OR DIRECT THE VOTE 0 Shares (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 0 Shares of Common Stock (1) (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 0 Shares CUSIP No. 95758L107 13G Page 4 of 5 Pages
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Alpha Capital Anstalt no longer owns any shares of the Issuer.
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP Not applicable
NOTICE OF DISSOLUTION OF GROUP
ITEM 9 NOTICE OF DISSOLUTION OF GROUP Not applicable CUSIP No. 95758L107 13G Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 4, 2024 (Date) /s/ Konrad Ackermann (Signature) Konrad Ackermann, Director (Name/Title)