Business Context and Reporting Period
This Form 8-K is filed by Western Acquisition Ventures Corp. (not Cycurion, Inc., which is the target of a proposed business combination) for the reporting date of December 31, 2024. The filing discloses an amendment to the Business Combination Agreement originally dated April 26, 2024, between Western Acquisition Ventures Corp., its wholly-owned subsidiary Western Acquisition Merger Inc., and Cycurion, Inc.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for either Western Acquisition Ventures Corp. or Cycurion, Inc. This report focuses exclusively on a contractual amendment regarding a pending merger.
Material Changes
- Termination Date Extension: The Parties amended the Business Combination Agreement to extend the Termination Date for completing the business combination from December 31, 2024, to April 11, 2025.
- Agreement Status: The original agreement remains in effect, subject to the new deadline.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on financial performance, or specific risk factors beyond the implication that the transaction was not completed by the original deadline. The extension suggests the parties are actively working toward closing the merger but require additional time to satisfy conditions precedent.
Investor Verification Checklist
- Verify the specific conditions precedent that were not met by December 31, 2024, necessitating the extension.
- Confirm whether the extension to April 11, 2025, is the final deadline or if further amendments are anticipated.
- Review the full text of the "Amendment to the Business Combination Agreement" (Exhibit 2.1) for any changes to deal terms, valuation, or termination fees.
- Check for any subsequent filings regarding shareholder approval status or regulatory hurdles.