Cycurion, Inc. (NASDAQ: CYCUW)

Western Acquisition Ventures Corp., or WAVS, is a blank check company incorporated in Delaware that operates in the realm of special purpose acquisition companies (SPACs). The company is focused on identifying, evaluating, and ultimately merging with a target business, with its primary business activities centered around this objective. WAVS has not yet generated any revenues or engaged in any operations, but it plans to do so through the sale of its common stock and warrants in a public offering, also known as an initial public offering (IPO).

The company's IPO sold 11,500,000 units for $10.00 per unit, which consisted of one share of common stock and one warrant. Additionally, WAVS completed a private sale of 376,000 units to its sponsor for $10.00 per unit, generating gross proceeds of $3,760,000. WAVS has a segment-focused approach to identifying potential target businesses, with its acquisition strategy guided by several key factors, including the target business's ability to generate stable free cash flow or annual recurring revenue, its potential for long-term growth, and its ability to benefit from WAVS's operational expertise and network.

WAVS's management team and board of directors have experience in sourcing, structuring, and acquiring businesses, as well as serving on public company boards. The company's proposed business combination with Cycurion, Inc., a cybersecurity company, is expected to be the company's initial business combination. This proposed transaction is subject to certain conditions, including the approval of WAVS's stockholders and the satisfaction of regulatory requirements.

In evaluating potential target businesses, WAVS considers a range of factors, including the target business's financial condition, management team, industry trends, and competitive position. The company also conducts due diligence reviews, which include meetings with incumbent management and employees, document reviews, and inspections of facilities. WAVS operates in a highly competitive industry, with many other entities having a similar business objective. WAVS's financial resources will be relatively limited when compared to those of many of its competitors, which may give them an advantage in pursuing the acquisition of certain target businesses. However, WAVS believes that its experience and network will enable it to identify and acquire a target business that is well-positioned for growth and can benefit from its operational expertise.

Cycurion, Inc., the target business in WAVS's proposed business combination, is a cybersecurity company that provides a range of services, including threat detection, incident response, and security consulting. The company's products and services are designed to help organizations protect themselves against cyber threats and ensure the confidentiality, integrity, and availability of their data. WAVS believes that Cycurion, Inc. has a strong competitive position in the cybersecurity market and is well-positioned for growth.