WAVS SEC filings, in plain English
Everything Western Acquisition Ventures Corp. has filed with the SEC that we hold — 40 filings, newest first, 24 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: The filing reports that Cycurion, Inc. issued a press release on August 26, 2026, which is furnished as Exhibit 99.1 to this Form 8-K. The document does not contain the text of the press release itself, nor does it report any redemption deadlines, trust value changes, extensions, deal progress updates, or sponsor conduct issues. Why it matters: Investors cannot assess the content of the announcement because the press release text is not included in the provided filing excerpt; the filing only confirms the existence and date of the press release.
What changed: Cycurion, Inc. filed a fourth amendment to its Certificate of Incorporation implementing a 1-for-8 reverse stock split effective August 28, 2026, reducing issued and outstanding common shares from approximately 25,840,335 to approximately 3,230,041. The filing also notes that proportional adjustments will be made to outstanding warrants (exercisable at $345.00 per share), options, and other equity awards, and that fractional shares will be cashed out based on the closing price on the trading day preceding the effective time. Why it matters: The reverse stock split is intended to assist Cycurion in maintaining compliance with Nasdaq's minimum bid price requirement for continued listing. For SPAC investors tracking Western Acquisition Ventures Corp. (WAVS), this confirms the post-merger entity is actively managing listing standards; however, as WAVS is CLOSED, there are no redemption deadlines or trust value changes associated with this specific corporate action of the acquired company, Cycurion.
What changed: Post-merger entity Cycurion, Inc. (formerly WAVS) filed an 8-K on August 19, 2026, disclosing a press release issued that same day, with no substantive details provided in the filing text. Why it matters: This is a routine post-close 8-K from the combined company; without the press release content, no material change to deal terms, trust value, or redemption status can be assessed.
What changed: Cycurion, Inc. (formerly Western Acquisition Ventures Corp.) filed an 8-K/A on August 19, 2026, furnishing two press releases dated August 17 and August 18, 2026, under Item 8.01 (Other Events). The filing is signed by CEO L. Kevin Kelly. Why it matters: This is a post-close 8-K/A from the combined entity, indicating ongoing corporate communications after the SPAC merger completed. The content of the press releases is not described in the filing text, so the specific materiality of the announcements cannot be determined from this filing alone.
What changed: Cycurion, Inc. filed an 8-K whose only substantive content under Item 8.01 is that the company issued press releases and that copies are furnished as Exhibits 99.1 and 99.2. The document does not state what either release says. Its dates are internally inconsistent: the Item 8.01 text refers to releases issued on July 30, 2026 and July 31, 2026, while the exhibit index on the same page describes Exhibit 99.1 as a press release dated August 17, 2026 and Exhibit 99.2 as dated August 18, 2026. Why it matters: Nothing about the company's position can be read from this document — the announcements themselves are in exhibits that are not part of it, and the two dates it gives for them disagree. Flagged for review rather than summarised as if content were present.(flagged for human review)
What changed: Exhibit 99.1 to an 8-K filed under Western Acquisition Ventures Corp's CIK: Cycurion, Inc. (Nasdaq: CYCU) Q2 2026 results. Revenue was $3.8 million, against a stated Wall Street consensus of $3.62 million and $3.9 million a year earlier; gross profit $1.1 million at a 29.1% margin versus $0.2 million at 6.1%; EPS $(0.41) against consensus $(0.56); net loss $(4.0) million versus $(5.3) million; adjusted EBITDA $(1.4) million versus $(2.1) million; net debt $5.8 million, down from $8.1 million year over year. Why it matters: Gross margin moved from 6.1% to 29.1% on essentially flat revenue. The $54.6 million contract value and the $30 million revenue run rate are company statements about future and pro-forma amounts, with the contract work not starting until November 2026.
What changed: Cycurion, Inc. reported second-quarter revenue of $3,757,076 against $3,887,915 a year earlier and six-month revenue of $7,025,696 against $7,757,965, so revenue fell while gross profit rose to $1,093,337 from $235,937 for the quarter. Net loss was $4,039,567 for the quarter against $5,290,414, including a $1,930,427 loss on debt settlement. Cash fell to $1,873,287 from $5,255,235 at December 31, 2025, while goodwill and intangibles rose to $27,617,398 from $20,842,508 and current liabilities to $19,531,722. Why it matters: Current liabilities of $19,531,722 stand against total current assets of $5,950,751 — a working capital deficit of roughly $13.6 million on a company holding $1.87 million of cash. Convertible notes rose to $2,686,748 from $192,897 and accrued liabilities to $7,613,943 from $4,228,337, so the balance sheet is being funded by accruals and converts while intangibles grow through acquisition, including the Kustom video-solutions assets bought on August 3, 2026. An excise tax payable of $1,167,173 from the de-SPAC remains unpaid.
What changed vs 2026-05-14deadline 2024-03-22 → 2024-03-31combination deadline, going-concern doubt1 moved · 1 with no prior record of ours
- Combination deadline
- 2024-03-222024-03-31
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as 9 days later than the previous record.
The clause …“Company amended the Revolving Line of Credit to extend the maturity date to March 31, 2024. In connection with the June 29, 2020 amendment, the stated interest rate decreased to 5.25 %. The June 30, 2021 amendment added a default”…
The clause …“with U.S. GAAP, which contemplates continuation of the Company on a going concern basis. The going concern basis assumes that assets are realized, and liabilities are settled in the ordinary course of business at amounts”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Item 8.01 8-K of Cycurion, Inc. (Nasdaq: CYCU). The filing states only that on August 7, 2026 the company issued a press release, furnished as Exhibit 99.1. The cover page lists the registered redeemable warrants as exercisable for one share at $345.00 per share. Why it matters: The 8-K body states no subject matter for the press release at all, so nothing about the event can be read from this document; the content is entirely in the furnished exhibit, which is not part of the text captured here.(flagged for human review)
What changed: Cycurion, Inc. consummated on August 3, 2026 the acquisition of substantially all assets of the video-solutions division of Kustom Entertainment, Inc. under an asset purchase agreement dated June 24, 2026 as amended July 23, 2026. Consideration is $1,250,000 in cash, a secured promissory note of $4,250,000, contingent earnout consideration of up to $1,000,000, and Series H Preferred Stock with an aggregate stated value of $600,000. The Series H accrues dividends at 12.0% per annum payable quarterly and converts at $1.45 per common share. Why it matters: Most of the price is debt: a $4,250,000 secured note against $1,250,000 of cash, secured on company assets under a security agreement, on a business that also owes an earnout of up to $1,000,000. The Series H replaced the 2,000,000 warrants originally contemplated, which is a smaller equity give but carries a 12% cash dividend and registration rights for resale of the conversion shares, plus a leak-out agreement pacing those sales.
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, signed a warrant inducement agreement on July 30, 2026 under which a holder exercises for cash warrants issued December 5, 2025 over 3,341,439 shares, at a price cut from $3.62 to $1.35 for that exercise, for expected gross proceeds of about $4.5 million before fees. Why it matters: The repricing from $3.62 to $1.35 marks where the shares actually trade, and the company is paying for $4.5 million of cash with 8.35 million shares of potential issuance — 3.34 million now plus 5.01 million of new warrants at $1.65. That is dilution of roughly 150% of the cash raised, the standard cost of an inducement deal for an issuer with no cheaper option. The new warrants also require a stockholder vote under Nasdaq rules, so approval risk sits between the holder and that upside.
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, entered an Amendment No. 1 and Forbearance / Extension Agreement on July 23, 2026 to its June 24, 2026 Asset Purchase Agreement with Kustom Entertainment, Inc. for that seller's video-solutions division. The parties forbear from exercising rights arising from the failure to close on time and extend closing to on or about September 15, 2026. As consideration Cycurion pays a non-refundable $250,000 in cash and replaces the 2,000,000 warrants with Series H Preferred of $600,000 stated value accruing 12.0% dividends quarterly. Why it matters: The buyer missed its own closing date and had to pay to keep the deal alive: $250,000 in non-refundable cash plus preferred stock carrying a 12% dividend, which is expensive capital for a company that days later had to reprice warrants to raise $4.5 million. Substituting preferred for warrants converts a contingent equity claim into a fixed-dividend obligation that ranks ahead of common. If the September 15, 2026 date also slips, the forbearance lapses and the seller's rights revive.
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, filed an Item 8.01 report furnishing two press releases, one issued July 30, 2026 as Exhibit 99.1 and one issued July 31, 2026 as Exhibit 99.2, together with the inline XBRL cover page. The body of the report states only that the releases were issued and attaches them; it gives no summary of their contents, no financial figures and no transaction terms. The report is signed by Chief Executive Officer L. Kevin Kelly. Why it matters: The substance sits entirely in the two exhibits, which are not reproduced in the captured text, so this summary cannot describe what was announced — confidence is set low for that reason. Context makes them worth chasing: in the same week the company repriced warrants to raise about $4.5 million and paid to extend an acquisition closing, so releases dated July 30 and 31, 2026 most likely relate to those events rather than to operating results.(flagged for human review)
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, disclosed that its May 7, 2026 Agreement and Plan of Merger with Halo Privacy, Inc. and havenX, Inc. faces an Outside Date of July 31, 2026 after which the parties may terminate. It says it is unlikely Halo and havenX can satisfy a material closing condition by then: the Key Employee Agreements must be effective before closing and a Key Employee has given written notice he will not join after closing. They have also failed to deliver the required audited financial statements. Why it matters: The company is publicly stating its own acquisition is unlikely to close on time, and naming two failures on the target side — a key employee refusing to join and audited financials never delivered. Missing audited statements is usually fatal to a public-company acquisition because the buyer cannot file the required financial information. With the Outside Date arriving two days after this disclosure, termination is the base case, which removes the growth story the buyer has been financing itself against.
outside date1 moved
- Outside date
- 2025-04-112026-07-31
SpacBrain reads this as 476 days later than the previous record.
The clause …“conditions precedent. If the Closing of the Transactions has not occurred by July 31, 2026 (the “Outside Date”), the parties may terminate the Merger Agreement subject to certain conditions. As of the date hereof, it is unlikely that”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, filed an Item 8.01 report furnishing a single press release issued July 22, 2026 as Exhibit 99.1, together with the inline XBRL cover page. The body of the report states only that the release was issued and attaches it; no summary of its contents, financial figures or transaction terms appear in the filed text. The report is signed by Chief Executive Officer L. Kevin Kelly. Why it matters: The announcement itself is in the exhibit, which is not present in the captured text, so this summary cannot state what was disclosed — hence the low confidence. Timing gives the likely context: the company received a Nasdaq delisting determination on July 10, 2026 and was preparing a hearing request, while also renegotiating an acquisition and a warrant financing, so a release dated July 22, 2026 most plausibly concerns one of those matters rather than operating results.(flagged for human review)
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, reported that at its annual meeting on July 23, 2026 stockholders approved an Amended and Restated 2025 Equity Incentive Plan. The amendments permit awards over preferred stock as well as common, including restricted preferred, preferred units, dividend equivalent rights and stock appreciation rights, and let the share reserve be satisfied in either class at the plan administrator's discretion. Other material provisions are retained. Stockholders also approved a charter amendment. Why it matters: Letting an equity incentive plan issue preferred stock is unusual and consequential: preferred typically ranks ahead of common on dividends and liquidation, so compensation awards can now be senior to the shares public holders own. Combined with the plan administrator's discretion over which class satisfies the reserve, this gives the board latitude to create senior securities without a separate stockholder vote. For a company already issuing Series H preferred to close an acquisition, that is a meaningful expansion of authority.
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, received a Staff Determination Letter from Nasdaq on July 10, 2026 stating the staff has determined to delist its common stock. The closing bid was below $1.00 for the 31 consecutive business days from May 26 to July 9, 2026, breaching Rule 5550(a)(1). Having run a 1-for-30 reverse split on October 27, 2025, it is ineligible for the 180-day cure under Rule 5810(c)(3)(A)(iv), and absent a hearing request trading would be suspended at the open on July 21, 2026. It plans to request a hearing by July 17. Why it matters: This is a delisting determination, not a deficiency notice — the usual 180-day cure is unavailable because the company already ran a 1-for-30 reverse split within the prior year, which is exactly the rule that stops issuers from splitting their way to compliance repeatedly. The only thing keeping the stock listed is a hearing request, which stays the suspension and the Form 25-NSE filing pending the panel's decision. The company itself gives no assurance the panel will grant continued listing.
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, filed an Item 8.01 report furnishing a press release issued July 8, 2026 as Exhibit 99.1, with the inline XBRL cover page as the only other exhibit. The report body states only that the release was issued; it contains no summary, financial figures or transaction terms. It is signed by Chief Executive Officer L. Kevin Kelly. Why it matters: The announcement is in the exhibit rather than the filed text, so this summary cannot state its subject and confidence is set low accordingly. Timing supplies the likely context: two days later the company disclosed it had received a Nasdaq delisting determination dated July 10, 2026, and it was simultaneously running an acquisition and a warrant financing. Anything genuinely price-sensitive would ordinarily be reported under Item 8.01 with narrative rather than furnished bare.(flagged for human review)
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, filed a supplement to the definitive proxy statement and proxy card of June 30, 2026 for its 2026 annual general meeting on July 23, 2026 at 12:00 p.m. ET. It is filed solely to correct an administrative oversight in the voting options on the original card for Proposal No. 2, the election of directors, and Proposal No. 5, the say-on-pay frequency vote, and to provide a revised card. Certain voting channels had shown options inconsistent with the proxy statement. Why it matters: Voting channels showing options that did not match the proxy statement is a tabulation risk rather than a change of substance — votes cast on the wrong choices could be miscounted or invalidated on the two affected proposals. Issuing a revised card two weeks before the meeting cures it. For a holder the practical point is to use the revised card; nothing about the underlying proposals, the trust or any redemption right has changed.
What changed: Cycurion, Inc., the Western Acquisition Ventures Corp. successor, filed an Item 8.01 report furnishing a press release issued June 29, 2026 as Exhibit 99.1, together with the inline XBRL cover page. The body of the report states only that the release was issued and attaches it, with no summary of contents, financial figures or transaction terms. It is signed by Chief Executive Officer L. Kevin Kelly. Why it matters: The announcement lives in the exhibit rather than the filed text, so this summary cannot describe it and confidence is set low. Context narrows the possibilities: in the surrounding weeks this company held an annual meeting, received a Nasdaq delisting determination, renegotiated an acquisition and repriced warrants to raise cash. It is the fourth such bare furnishing from the same issuer in a month, a pattern that makes the exhibits rather than the reports the place to look.(flagged for human review)
What changed: Cycurion, Inc., the successor to Western Acquisition Ventures Corp., called its 2026 annual meeting for 12:00 p.m. Eastern Time on July 23, 2026 in person at its principal executive office at 1640 Boro Place, Suite 420C, McLean, Virginia, record date June 1, 2026, with eight proposals. At the record date there were 10,662,429 shares of common stock and 6,786,417 shares of preferred stock outstanding. Series A Convertible Preferred converts at 25.6938 common shares per preferred share subject to 4.99% or 9.99% blockers. Why it matters: The preferred stack dwarfs the common: 6,786,417 preferred shares converting at 25.7 common each would produce far more shares than the 10,662,429 common outstanding, so existing holders face dilution of an order of magnitude, restrained only by ownership blockers that slow rather than prevent conversion. A CFO change taking effect the day the record date was set adds reporting risk. The Western Acquisition trust was released at the de-SPAC.
pipenothing moved · 1 with no prior record of ours
- PIPE
- $3.8M · unchanged
The clause …“completion of the Business Combination (as defined below), pursuant to the PIPE Subscription Agreement, dated January 11, 2022 (as the same may be amended from time to time, the “PIPE Subscription Agreement”) for an aggregate”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Cycurion, Inc., successor to Western Acquisition Ventures Corp., entered an asset purchase agreement on June 24, 2026 with Kustom Entertainment, Inc. to acquire substantially all assets of Kustom's video-solutions business, covering video surveillance technology, body-worn cameras, in-car video, digital evidence management, and the related intellectual property, contracts, customer relationships, inventory and receivables, together with specified assumed liabilities. Why it matters: The consideration is mostly deferred and partly contingent: $1,250,000 cash at closing, a secured promissory note of $4,250,000 bearing 7.0% and maturing three years after issuance, up to $1,000,000 of contingent cash on stated earnout criteria, and warrants over up to 2,000,000 shares at an exercise price of $2.80. The note is to be secured by certain of the acquired assets under a security agreement to be entered at closing.
What changed: Cycurion, Inc. filed a preliminary proxy for its 2026 Annual Meeting, to be held July 23, 2026 at 12:00 p.m. Eastern at its McLean, Virginia principal executive office; the record date is June 1, 2026. Eight proposals: a charter amendment creating a staggered three-class board; election of five directors into Classes I, II and III with terms expiring 2027, 2028 and 2029; ratification of WWC, P.C. as auditor for fiscal 2026; say-on-pay; say-on-frequency; an amended and restated 2025 Equity Incentive Plan; reverse-split authority; and adjournment. Why it matters: Proposal 7 is the one with capital-structure consequence: it seeks authority for one or more charter amendments effecting one or more reverse stock splits at ratios between 3:1 and 75:1 and in the aggregate not more than 250:1. As of the record date there were 10,662,429 common shares and 6,786,417 preferred shares outstanding; of the preferred, 116,750 shares designated across Series A, C, E, F, G and H vote on an as-converted basis and cumulatively convert into 1,585,363 common shares, while Series B, D and I do not vote.
pipenothing moved · 1 with no prior record of ours
- PIPE
- $3.8M · unchanged
The clause …“completion of the Business Combination (as defined below), pursuant to the PIPE Subscription Agreement, dated January 11, 2022 (as the same may be amended from time to time, the “PIPE Subscription Agreement”) for an aggregate”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Item 8.01: on June 15, 2026 Cycurion, Inc. issued a press release, furnished as Exhibit 99.1. The body of the 8-K consists of that single sentence and does not describe the subject, contents or any figure from the release. No other item is reported, no agreement is summarised and no financial, operational or transaction information appears anywhere in the filed text. The report is signed by Chief Executive Officer L. Kevin Kelly and dated June 16, 2026. Why it matters: The filing supports no conclusion about the company. Because the press release is furnished rather than described, nothing in the 8-K body tells a holder what was announced, and the accuracy of any inference would depend entirely on the exhibit. Treat this as a pointer to an exhibit rather than as disclosure; anyone tracking Cycurion needs the release itself or the next periodic report for substance.
What changed: Cycurion, Inc. filed a preliminary proxy for its 2026 Annual Meeting, to be held July 13, 2026 at 12:00 p.m. Eastern at its McLean, Virginia principal executive office; the record date is June 1, 2026 and materials were to be mailed on or about June 18, 2026. Seven proposals: a charter amendment implementing a staggered three-class board; election of five directors into Classes I, II and III; ratification of WWC, P.C. as auditor for fiscal 2026; say-on-pay; say-on-frequency; an amended and restated 2025 Equity Incentive Plan permitting preferred-stock awards; and adjournment. Why it matters: This version was superseded within days. Cycurion filed a further preliminary proxy on June 17, 2026, accession 0001493152-26-029089, which moves the meeting to July 23, 2026 and adds an eighth proposal seeking authority for one or more reverse stock splits at ratios between 3:1 and 75:1 and in the aggregate not more than 250:1. The record date stays June 1, 2026. Anything treating this filing as the operative ballot would carry the wrong meeting date and would miss the reverse-split authority entirely, so the later filing is the one a holder must act on.
pipenothing moved · 1 with no prior record of ours
- PIPE
- not previously extracted$3.8M
The clause …“completion of the Business Combination (as defined below), pursuant to the PIPE Subscription Agreement, dated January 11, 2022 (as the same may be amended from time to time, the “PIPE Subscription Agreement”) for an aggregate”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
trust account, combination deadline, going-concern doubtnothing moved · 3 with no prior record of ours
- Trust account
- $20.8Mnot matched in this filing
- Combination deadline
- 2024-03-22 · unchanged
- Going-concern doubt
- stated · unchanged
The clause …“and Restated Loan and Security Agreement") by extending the maturity date to March 22, 2024 with a monthly repayment of principal in the amount of $ 62,500 on or after June 22, 2020. The stated interest rate decreased to 6.25 %. Under”…
The clause …“with U.S. GAAP, which contemplates continuation of the Company on a going concern basis. The going concern basis assumes that assets are realized, and liabilities are settled in the ordinary course of business at amounts”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.