Western Acquisition Ventures Corp.
WAVS
NASDAQ Global Market12.00
USD
+2.00
- -
CIK
0001868419
ISIN
US95758L1070
CUSIP
95758L107
Return %
Stock
S&P500
1Y
13.21
18.21
3Y
21.09
64.38
5Y
21.09
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- James Patrick McCormick CPA
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 42 Broadway New York City NY United States of America 10004
- IPO Date
- Apr 11, 2022
- CIK
- 0001868419
- Similar Companies
- Business
- Western Acquisition Ventures Corp. is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in New York, New York. The company does not have significant ongoing operations but focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. Its targeted sectors for acquisition include infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries. The company went public in January 2022 with an initial public offering (IPO) of 11.5 million units and is listed on the Nasdaq stock market under the ticker symbols WAVS (common stock), WAVSU (units), and WAVSW (warrants). Western Acquisition Ventures Corp. has focused on acquiring businesses with long-term growth prospects in highly fragmented markets where consolidation opportunities exist. A major recent corporate development includes the planned business combination with Cycurion, Inc., a transaction structured as a reverse merger expected to complete by April 11, 2025, after several deadline extensions. This merger will result in Cycurion becoming a wholly owned subsidiary, shifting Western Acquisition Ventures Corp.'s operational focus substantially towards Cycurion’s business. The company also executed a non-redemption agreement with RiverNorth SPAC Arbitrage Fund, LP, to maintain necessary cash levels for the transaction and has shifted its financing strategy towards non-dilutive funding to support long-term growth while complying with Nasdaq listing standards. Western Acquisition Ventures operates primarily as a holding and acquisition vehicle within the financial services, technology, healthcare, and services sectors, targeting various industries in the United States. Its strategic initiatives currently center on completing the Cycurion merger, which reflects its transition from a blank check company to an operating entity with an acquired business focus. This corporate profile reflects the company’s foundation as an acquisition entity and its latest strategic expansion through acquiring Cycurion, positioning it within its chosen markets with new business operations post-merger.