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
Statements of Changes in Shareholders’ Deficit
STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · Total | |||||||||||||||
| · · Common stock · · Additional · · Accumulated · · stockholders’ | |||||||||||||||
| · Shares · Amount · paid-in capital · deficit · deficit | |||||||||||||||
| Balance, December 31, 2021 | | | 2,875,000 | | $287 | | $24,713 | | $(11,371) | | $13,629 | ||||
| Sale of private placement units including over-allotment | | | 376,000 | | | 37 | | | 3,759,963 | | | — | | | 3,760,000 |
| Proceeds allocated to public warrants, net of offering costs | | | — | | | — | | | 3,533,617 | | | — | | | 3,533,617 |
| Accretion of Common Stock subject to possible redemption value | | | — | | | — | | | (5,712,733) | | | (1,149,975) | | | (6,862,708) |
| Net loss | | — | | — | | — | | (700,925) | | (700,925) | |||||
| Balance, December 31, 2022 | | 3,251,000 | | | 324 | | | 1,605,560 | | | (1,862,271) | | | (256,387) | |
| Forward purchase agreement | | | — | | | — | | | (430,021) | | | — | | | (430,021) |
| Excise tax liability arising from redemption of shares | | | — | | | — | | | (1,094,366) | | | (48,930) | | | (1,143,296) |
| Accretion of Common Stock subject to possible redemption to redemption value | | | — | | | — | | | (81,173) | | | (256,810) | | | (337,983) |
| Net loss | | | — | | | — | | | — | | | (1,034,593) | | | (1,034,593) |
| Balance, December 31, 2023 | | | 3,251,000 | | $324 | | $— | | $(3,202,604) | | $(3,202,280) | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.