Western Acquisition Ventures Corp.
WAVSW
NASDAQ Global Market0.07
USD
-0.02
- -
Western Acquisition Ventures Corp.
WAVSW
(NASDAQ Global Market)
Recent
price
0.07
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Western Acquisition Ventures Corp. (NASDAQ: WAVSW) is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting companies in the energy transition sector, including battery metals, battery technology, carbon capture, hydrogen, energy storage, renewables, electrification and sustainable transport. The company offers sponsor services through its affiliates, including sourcing and structuring merger targets; due diligence and negotiation support; and post-merger integration assistance for SPAC transactions. It operates principally in the United States and was founded in 2020 with headquarters in Miami Beach, Florida. In the latest major developments, Western Acquisition Ventures Corp. completed its initial public offering in August 2021, raising $230 million in gross proceeds, and announced a merger agreement in December 2022 with Sprng Energy Pty Ltd, an Australian developer of battery energy storage systems (BESS), which remains pending regulatory approvals as of late 2025 with no recent termination or updates disclosed. The company extended its deadline to complete an initial business combination multiple times, most recently to early 2025, amid ongoing negotiations and market conditions in the energy storage space. No additional funding rounds, acquisitions, or strategic shifts have been reported in the past 1-2 years.