Filing Overview
Registrant: Western Acquisition Ventures Corp. The request identifies Cycurion, Inc., but the filing is submitted by Western Acquisition Ventures Corp., a special purpose acquisition company (SPAC). The Form 8-K reports events occurring on April 10, 2024; it was signed on April 12, 2024.
Business Context and Reporting Period
Stockholders approved amendments extending the deadline to complete a business combination. The company’s prior deadline was April 11, 2024; the new extended termination date is July 11, 2024.
Key Financial and Capitalization Information
- The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics.
- The approved trust agreement amendment permits the company to extend the deadline by depositing $100 into the trust account.
- There were 3,518,589 shares eligible to vote, and 3,377,412 shares were represented at the special meeting.
Material Changes and Stockholder Vote
| Proposal | For | Against | Abstain | Non-votes |
|---|---|---|---|---|
| Extend business-combination deadline to July 11, 2024 | 3,353,472 | 23,940 | 0 | 0 |
| Amend trust agreement to permit a $100 extension deposit | 3,353,472 | 23,940 | 0 | 0 |
| Authorize meeting adjournment if additional solicitation is needed | 3,353,066 | 24,346 | 0 | 0 |
Following stockholder approval, the Fourth Amendment to the company’s certificate of incorporation was filed with the Delaware Secretary of State on April 10, 2024.
Outlook, Risks, and Unusual Items
- The extension provides additional time to consummate a business combination, but no completed transaction is disclosed in this filing.
- Failure to complete a business combination by July 11, 2024 could result in further required action under the company’s governing documents, including potential liquidation; the filing text does not specify the full liquidation terms.
- The filing does not provide management guidance or operational outlook.
- The company is an emerging growth company and has elected to use the extended transition period for new or revised accounting standards.
Investor Verification Points
- Confirm that the filing relates to Western Acquisition Ventures Corp., not Cycurion, Inc.
- Verify whether a business combination was completed before the July 11, 2024 extended deadline.
- Review the Fourth Amendment and amended investment management trust agreement for redemption, liquidation, and trust-account terms.
- Confirm the amount and timing of any required $100 trust-account deposit.
- Review subsequent SEC filings for transaction status, financing, redemptions, and any further deadline extension.