Western Acquisition Ventures Corp. is a blank check company sponsored by Western Acquisition Ventures Sponsor LLC, a Delaware limited liability company, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is led by Board Member and CEO Stephen Christoffersen, and Board Member and CFO William Lischak. Western intends to focus on companies in the financial services, healthcare, real estate services, technology, leisure, hospitality, and software industries. The company plans to target businesses with compelling long-term growth prospects, secular tailwinds, and highly fragmented markets ripe for consolidation. For more information, visit Western’s website.
Company profile
Ticker
WAVS, WAVSU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
863720717
WAVS stock data
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
12 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
PRE 14A
Preliminary proxy
25 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
12 Mar 24
8-K/A
Departure of Directors or Certain Officers
8 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
12 Feb 24
8-K
Departure of Directors or Certain Officers
29 Jan 24
8-K
Amendments to Articles of Incorporation or Bylaws
10 Jan 24
Latest ownership filings
SC 13G/A
ALPHA CAPITAL ANSTALT
4 Jan 24
SC 13G/A
MMCAP International Inc. SPC
14 Feb 23
SC 13G
ALPHA CAPITAL ANSTALT
20 Jan 23
SC 13G/A
Feis Lawrence
13 May 22
SC 13D
Western Acquisition Ventures Sponsor LLC
21 Jan 22
SC 13G
MMCAP International Inc. SPC
21 Jan 22
SC 13G
Feis Lawrence
14 Jan 22
4
Change in insider ownership
13 Jan 22
3
ADAM K STERN
11 Jan 22
3
Stephen Christoffersen
11 Jan 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 302.58 k | 302.58 k | 302.58 k | 302.58 k | 302.58 k | |
Cash burn (monthly) | (no burn) | 14.44 k | 82.32 k | 32.64 k | 32.76 k | |
Cash used (since last report) | n/a | 98.09 k | 559.38 k | 221.78 k | 222.65 k | |
Cash remaining | n/a | 204.49 k | -256.80 k | 80.81 k | 79.94 k | |
Runway (months of cash) | n/a | 14.2 | -3.1 | 2.5 | 2.4 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 36 |
Opened positions | 1 |
Closed positions | 3 |
Increased positions | 3 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 6.78 bn |
Total shares | 12.98 mm |
Total puts | 0.00 |
Total calls | 30.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Western Acquisition Ventures Sponsor | 2.50 mm | $0.00 |
Cowen And | 1.60 mm | $51.37 mm |
Polar Asset Management Partners | 1.60 mm | $51.36 mm |
Feis Lawrence Michael | 701.05 k | $6.94 mm |
MMCAP International Inc. SPC | 500.00 k | $16.05 mm |
Saba Capital Management | 500.00 k | $16.05 mm |
CVI | 465.17 k | $14.93 mm |
Kim | 450.00 k | $14.45 mm |
CNH Partners | 423.23 k | $13.59 mm |
Boothbay Fund Management | 400.00 k | $4.42 bn |