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Western Acquisition Ventures(WAVS) - 2022 Q3 - Quarterly Report
2022-11-10 21:18
Financial Performance - For the nine months ended September 30, 2022, the company reported a net loss of $1,075,657, which included $1,691,594 in professional fees and general administrative expenses, offset by a net gain of $615,937 on marketable securities [96]. - Net cash used in operating activities for the nine months ended September 30, 2022, was $1,075,657, primarily due to the net loss and changes in working capital [98]. - The company has not generated any operating revenues to date and does not expect to do so until after completing a Business Combination [95]. Cash Position - As of September 30, 2022, the company had $475,809 in cash held outside of the Trust Account and a working capital surplus of $56,014 [97]. - The company incurred net cash used in investing activities of $116,150,000, attributed to the proceeds of the IPO deposited into the Trust Account [100]. - Net cash provided by financing activities was $117,749,000, mainly from IPO proceeds and private placement [100]. Business Combination - The company has until January 13, 2023, to complete a Business Combination, or it will face mandatory liquidation and dissolution [102]. - The company has engaged A.G.P. as an advisor for a Business Combination, with a fee of 4.5% of the gross proceeds of the IPO, totaling $5,175,000 [109]. - The company anticipates incurring significant costs in pursuit of its acquisition plans and may require additional financing to complete a Business Combination [101]. Equity Structure - As of September 30, 2022, the company had 11,500,000 shares of common stock subject to possible redemption, classified as temporary equity [113].
Western Acquisition Ventures(WAVS) - 2022 Q2 - Quarterly Report
2022-08-11 21:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-41214 Western Acquisition Ventures Corp. (Exact name of registrant as specified in its charter) Delaware (State or Othe ...
Western Acquisition Ventures(WAVS) - 2022 Q1 - Quarterly Report
2022-05-16 20:41
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41214 Western Acquisition Ventures Corp. (Exact name of registrant as specified in its charter) Delaware (State or Other ...
Western Acquisition Ventures(WAVS) - 2021 Q4 - Annual Report
2022-03-30 23:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number: 001-41214 WESTERN ACQUISITION VENTURES CORP. (Exact name of registrant as specified in its charter) | Delaware | 86-3720717 | ...