SEC Filing Summary: Western Acquisition Ventures Corp.
Business Context and Reporting Period
This Form 8-K was filed by Western Acquisition Ventures Corp. (not Cycurion, Inc.) on January 8, 2025. The registrant is a Special Purpose Acquisition Company (SPAC) listed on the NASDAQ under the symbols WAVSU, WAVS, and WAVSW. The filing reports on a special meeting of stockholders held on the same date to approve amendments to the company's charter and trust agreement.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. As a pre-business combination SPAC, the company's primary financial activity involves holding funds in a trust account. The filing notes a proposal to deposit an additional $100 into the Trust Account to facilitate the extension of the termination date.
Material Changes
- Extension of Business Combination Deadline: Stockholders approved extending the date by which the company must consummate a business combination from January 11, 2025, to April 11, 2025 (a 3-month extension).
- Trust Agreement Amendment: Stockholders approved amending the investment management trust agreement to allow the deposit of $100 to extend the termination date.
- Voting Results: Out of 3,424,879 shares eligible to vote, 3,368,176 were represented. All three proposals passed with 3,366,951 votes FOR and 1,225 votes AGAINST.
Outlook, Risks, and Management Commentary
The primary focus of the filing is the successful extension of the timeline to find a target for a business combination. The filing does not contain specific management commentary on future targets, detailed risk factors, or unusual items beyond the procedural necessity of the extension. The company remains an emerging growth company.
Key Facts for Investor Verification
- Verify the new mandatory termination date of April 11, 2025 for the business combination.
- Confirm the status of the Trust Account balance following the approved $100 deposit.
- Monitor for subsequent filings regarding the identification of a target company before the new deadline.
- Note the high approval rate (approx. 99.96% FOR) indicating strong shareholder support for the extension.