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NEW YORK, NY / ACCESSWIRE / January 9, 2023 / Western Acquisition Ventures Corp. (NASDAQ:WAVS) (“Western”, the “Company”), a special purpose acquisition company, today announced the following at its special shareholders meeting held on January 6:th, the shareholders approved an extension of the period within which the Company must complete the business combination. The extension has allowed him up to 6 times in one month and now the Company needs him to complete the transaction by July 11, 2023.
In connection with the extension, Western has amended the company’s articles of incorporation and now plans to deposit $10,000 into the company’s trust account for each one-month extension, up to a total of $60,000.
On November 22, 2022, Western entered into a definitive business combination agreement with Cycurion, a technology-enabled cybersecurity company. The transaction is expected to close in the first half of 2023. Upon completion of the transaction, the combined company will be named Cycurion, Inc. and will be listed on NASDAQ.
About Western Acquisition Ventures
Western Acquisition Ventures Corp. is a blank check company sponsored by Western Acquisition Ventures Sponsor LLC, a Delaware limited liability company, whose business purposes include mergers, stock exchanges, asset acquisitions, stock purchases, reorganizations, or To achieve a similar business combination with one or two. more business. The company is led by Director and CEO Stephen Christoffersen and Director and CFO William Lischak. The company plans to target companies with compelling long-term growth prospects, long-term tailwinds and highly fragmented markets ripe for consolidation. For more information, visit his website on Western.
About Sigurion
Cycurion is a technology-enabled cybersecurity company based in McLean, Virginia that provides unique and innovative solutions to federal, state and local government agencies and commercial partners. The company’s software-based technology provides multiple layers of defense to stop front-end intrusions and back-end monitoring and detection. Leveraging a team of seasoned technical veterans with high security clearances, Cycurion combines a suite of services and a unique platform for government agencies, executives and boards to access and process information to ensure security. Allows monitoring of profiles. their network. For more information, visit his website at Cycurion.
Forward-Looking Statements
Information in this press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. , “expect”, “will”, “must”, “could”, “predict”, “estimate”, “would”, “position”, “future”, “Forecast”, “intend”, “plan”, “project” and other similar expressions that predict or suggest future events or trends or are not statements of historical matters. Examples of forward-looking statements include, among other things, statements made in this press release regarding the proposed transaction contemplated by the business combination agreement. This includes potential benefits of the transaction, integration plans, anticipated synergies and revenue opportunities. projected future financial and operating results and results, including growth estimates; Expected management and governance of the integrated enterprise. Expected timing of deal closing. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on Western and Cycurion management’s current beliefs, expectations and assumptions. Forward-looking statements are forward-looking and, therefore, are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, many of which are beyond the control of the parties. Actual results and outcomes may differ materially from those set forth in the forward-looking statements. Therefore, you should not rely on these forward-looking statements. Important factors that could cause actual results and results to differ materially from those indicated in the forward-looking statements include, among others: (2) as a result of legal proceedings that may be brought against Western and Cyculion after the announcement of the business combination agreement and the transactions contemplated therein; (3) the failure to obtain the approval of Western and his Cycurion stockholders, the failure to obtain certain regulatory approvals, or the failure to satisfy other conditions for entering into the business combination agreement; the inability to complete the proposed business combination for reasons of (4) the occurrence of an event, change or other circumstance that could cause the termination of the transaction contemplated by the business combination agreement or otherwise make it impossible to complete the transaction; (5) the impact of the COVID-19 pandemic on his Cycurion business and/or the parties’ ability to complete the proposed business combination; inability to obtain or maintain a listing of its common stock; (7) the risk that the proposed business combination, as a result of its announcement and its completion, will disrupt current plans and operations; (8) the ability to recognize the expected benefits of the proposed business combination; This may be impacted, among other things, by competition, Cycurion’s ability to grow, profitably and manage growth, and its ability to retain key employees. (9) Costs related to the proposed business combination. (10) changes in applicable laws or regulations; (11) Western or Cycurion may be adversely affected by other economic, business and/or competitive factors; (12) risks associated with uncertainties in the forward-looking financial information about Cycurion; (13) risks associated with the organic and inorganic growth of Cycurion’s business; (14) Amount of redemption demanded by Western stockholders. (15) other risks described under “Risk Factors” in Western’s final prospectus for initial public offering dated January 11, 2022, filed with the SEC and in other documents filed by Western with the SEC; and uncertainty. Western cautions that the aforementioned list of factors is not exclusive. Western and Cyculion caution readers not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Western and Cyculion undertake no obligation or commitment to publish updates or revisions to forward-looking statements to reflect changes in their expectations or to the events, conditions or circumstances on which such statements are based. will not accept or accept. .
Important information and where to find it
In connection with the proposed business combination, Western will file a registration statement with the SEC on Form S-4. Form S-4 contains Western’s proxy statement/prospectus. In addition, Western will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge from the SEC’s website at www.sec.gov. Western security holders are urged to read the Form S-4 and other related materials when they become available before making any voting decisions regarding the proposed business combination. Because these materials contain important information about business combinations and the parties to the business. combination. Information contained in or accessible from websites referenced in this press release is not incorporated by reference into, or part of, this press release.
solicited participants
Western and its directors and executive officers may be considered participants in proxy solicitations from Western stockholders with respect to the proposed business combination. A list of the names of these directors and executive officers and a description of their interest in Western are included on Form S-4 of the proposed business combination, available at www.sec.gov. Additional information regarding the interests of such participants will, where available, be included on Form S-4 of the proposed business combination. Information regarding Western’s directors and executive officers and their ownership of Western common stock is set forth in Western’s prospectus dated January 11, 2022 and Form 3 filed with the SEC on or after the date of the prospectus. or amended or supplemented by Form 4. Additional information regarding the interests of participants in the proxy solicitation will be included on Form S-4 regarding the proposed business combination when it becomes available. These documents are freely available from the sources listed above.
Cyculion and its directors and executive officers may be considered participants in proxy solicitations from Western stockholders in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proposed business combination Form S-4.
No offer or solicitation
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor does it constitute an offer to sell or the solicitation of an offer to buy any securities in any state or jurisdiction in which such offer, solicitation or sale prior to registration or registration would be unlawful. We will not sell it. eligibility under the securities laws of such jurisdictions; No offering of securities may be made except by means of a prospectus meeting the requirements of Section 10 of the United States Securities Act, or an exemption therefrom.
Investor Information
Financial Profiles Co., Ltd.
Jack Drapax
310-622-8230
John Brownell
310-622-8249
cycurion@finprofiles.com
Cyculion Media Support
Financial Profiles Co., Ltd.
Kelly Hull
310-622-8252
sauce: Western Acquisition Ventures
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https://www.accesswire.com/734438/Western-Acquisition-Ventures-Corp-Announces-Extension-to-Complete-Business-Combination
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