Western Acquisition Ventures Corp
For the period ended Dec 31, 2023. Filed Apr 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 26, 2024
CYCU$2.47+3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| | December 31, | |||||
| | 2023 | 2022 | ||||
| ASSETS | | | | | | |
| CURRENT ASSETS · · · · | ||||||
| Cash | | $— | | $809,481 | ||
| Restricted Cash | | | 8,651 | | | — |
| Due from Sponsor | | | 99,961 | | | — |
| Prepaid expenses and other assets | | | 9,338 | | | 268,208 |
| Total current assets | | 117,950 | | | 1,077,689 | |
| | | | | | | |
| Prepaid expenses - non current | | | — | | | 17,868 |
| Investments held in Trust Account | | | 3,293,966 | | | 117,191,410 |
| TOTAL ASSETS | | $3,411,916 | | $118,286,967 | ||
| LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ DEFICIT | | | | | ||
| CURRENT LIABILITIES | | | | | ||
| Accounts payable and accrued expenses | | $1,099,166 | | $829,440 | ||
| Due to Trust Account | | | 99,961 | | | — |
| Loan payable | | | 204,222 | | | — |
| Derivative liability-Forward Purchase Agreement | | | 665,116 | | | — |
| Excise tax payable | | | 1,143,296 | | | — |
| Income tax payable | | | 72,824 | | | 250,739 |
| Franchise tax payable | | 21,247 | | | 163,200 | |
| Total liabilities | | 3,305,832 | | | 1,243,379 | |
| | | | | | | |
| COMMITMENTS AND CONTINGENCIES (Note 6) | | | | | ||
| REDEEMABLE COMMON STOCK | | | | | | |
| Common stock subject to possible redemption, $0.0001 par value, 305,410 shares and 11,500,000 shares at redemption value of approximately $10.83 and $10.20 per share as of December 31, 2023 and 2022, respectively | | | 3,308,364 | | | 117,299,975 |
| | | | | | | |
| STOCKHOLDERS’ DEFICIT | | | | | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding | | — | | | — | |
| Common stock; $0.0001 par value; 50,000,000 shares authorized; 3,251,000 shares issued and outstanding (excluding 305,410 shares and 11,500,000 shares, respectively, subject to possible redemption) as of December 31, 2023 and 2022 | | 324 | | | 324 | |
| Additional paid-in capital | | — | | | 1,605,560 | |
| Accumulated deficit | | (3,202,604) | | | (1,862,271) | |
| Total stockholders’ deficit | | (3,202,280) | | | (256,387) | |
| TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ DEFICIT | | $3,411,916 | | $118,286,967 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.