您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。[美股招股说明书]:Western Acquisition Ventures Corp美股招股说明书(2025-01-10版) - 发现报告

Western Acquisition Ventures Corp美股招股说明书(2025-01-10版)

2025-01-09美股招股说明书我***
Western Acquisition Ventures Corp美股招股说明书(2025-01-10版)

424B31tm2233282-26_424b3.htm424B3 TABLEOFCONTENTS FiledPursuanttoRule424(b)(3)RegistrationNo.333-269724 PROXYSTATEMENTFORSPECIALMEETINGOFWESTERNACQUISITIONVENTURESCORP. AND PROSPECTUSFORSHARESOFCOMMONSTOCKOFWESTERNACQUISITIONVENTURESCORP. WESTERNACQUISITIONVENTURESCORP. 42Broadway,12thFloorNewYork,NY10004 TotheStockholdersofWesternAcquisitionVenturesCorp.: Aswepreviouslyannounced,WesternAcquisitionVenturesCorp.(“Western”),WesternAcquisitionMergerInc.,aDelawarecorporationandawholly-ownedsubsidiaryofWestern(“MergerSub”),andCycurion,Inc.,aDelawarecorporation(“Cycurion”)enteredintothatcertainAgreementandPlanofMerger,datedasofNovember21,2022,subsequentlyamendedandrestatedonApril26,2024(asitmaybefurtheramendedand/orrestatedfromtimetotime,the“BusinessCombinationAgreement”),pursuanttowhichMergerSubwillmergewithandintoCycurionwithCycurionsurvivingthemergerasawholly-ownedsubsidiaryofWestern(thetransactionscontemplatedbytheBusinessCombinationAgreement,the“BusinessCombination”).Inaddition,inconnectionwiththeconsummationoftheBusinessCombination,Westernwillberenamed“Cycurion,Inc.”(“NewCycurion”). TheBusinessCombinationAgreementprovidesthatWesternhasagreedtoacquirealloftheoutstandingequityinterestsofCycurionforanaggregateof15,000,000sharesofWesterncommonstock,parvalue$0.0001pershare(the“MergerConsiderationShares”). InaccordancewiththetermsandsubjecttotheconditionsoftheBusinessCombinationAgreement,attheeffectivetimeofthemerger(the“EffectiveTime”),allequityandcertaindebtsecuritiesandcertainwarrants,options,andrestrictedstockunitsofCycurionthatareoutstandingimmediatelypriortotheEffectiveTimeshallbecancelledandmanyofwhichshallthenbeexchangedfortherighttoreceivetheequitysecuritiesandwarrants,options,andrestrictedstockunitsofWestern.Thefollowingtablesetsforth,ingross,thepre-EffectiveTimeequityanddebtsecuritiesandwarrants,options,andrestrictedstockunitsofCycuriontobecancelledandtheequitysecuritiesandwarrants,options,andrestrictedstockunitsofWesterntobeissuedattheEffectiveTimetosuchpersonsorentities(collectively,the“CycurionLegacyStakeholders”). CycurionNewCyc Pre-MergerPost-Me CycurionCommonStock 12,813,094 6,543, SeriesAConvertiblePreferredStock 345,528 106, ([SeriesA]CommonEquivalents) 8,877,931 4,533, Total[SeriesA]Warrants 1,333,336 680,8 SeriesC — 4, “PresumptivePreferred”[SeriesC]Common 1,356,589 (“PresumptivePreferred”[SeriesC]CommonEquivalents) — 2,972, “PresumptivePreferred”[SeriesC]Warrants 406,969 Warrants(OtherCommonStockPurchaseWarrantsofCycurion) 529,067 270,1 SeriesBConvertiblePreferredStock[SeriesB] 3,000 3, ([SeriesB]CommonEquivalents) 6,000,000 6,000, [SeriesB]Warrants 6,000,000 6,000, SeriesDConvertiblePreferredStock[SeriesD] — 6,666, 3,333,333.3 AggregateDebttobeExchangedatClosing $3 [SeriesD]CommonStock(notincludedinCommonStock,above) 472,813 472, “Bridgeto[SeriesD]”Warrants 1,181,468 [SeriesD]Warrants — 7,272, (1) CycurionPre-MergerCommonSharestockholdersreceive6,543,073Post-MergerCommonShares (2) CycurionPre-MergerSeriesAConvertiblePreferredstockholdersreceivePost-MergerSeriesAConvertiblePreferredSharesequivalentto4,533,561Post-MergerCommonShares (3) CycurionPre-MergerSeriesAWarrantholdersreceivePost-MergerSeriesAWarrantsequivalentto680,875Post- MergerCommonShares (4) CycurionPre-MergerCommonShareandWarrantholdersreceivePost-MergerSeriesCConvertiblePreferredSharesequivalentto2,972,320Post-MergerCommonShares (5) CycurionPre-MergerWarrantholdersreceivePost-MergerWarrantsequivalentto270,171Post-MergerCommonShares Thegroupingofsecuritieswithinnotes1-5totalthe15,000,000sharesrepresentedintheBusinessCombinationAgreementtoacquiretheoutstandingequityinterestofCycurion. (6) CycurionPre-MergerSeriesBConvertiblePreferredstockholdersreceivePost-MergerSeriesBConvertiblePreferredSharesequivalentto6,000,000Post-MergerCommonShares (7) CycurionPre-MergerSeriesBConvertiblePreferredWarrantholdersreceivePost-MergerSeriesBConvertiblePreferredWarrantsequivalentto6,000,000Post-MergerCommonShares TABLEOFCONTENTS (8) CycurionPre-Mergerholdersof$3,333,333.33ofConvertibleDebt,Warrants,andCommonSharesreceivePost-MergerSeriesDConvertiblePreferredShares,equivalentto6,666,667Post-MergerCommonShares,Post-MergerWarrantsequivalentto7,272,728Post-MergerCommonSharesand472,813Post-MergerCommonShares Thegroupingofsecuritieswithinnotes6-8totalthe26,412,208Post-MergerCommonShareequivalentsattributabletotheSeriesBPreferredStockandSeriesDPreferredStockandrelatedwarrants. InconnectionwiththeexecutionoftheBusinessCombinationAgreement,theSponsorandWestern’sdirectorsand officers(the“Insiders”)enteredintoasupportagreement(the“SponsorSupportAgreement”)withWesternandCycurion,pursuanttowhichtheSponsorandtheInsidersagreed,amongotherthings,tovoteallCoveredShares(asdefinedintheSponsorSupportAgreement),infavoroftheBusinessCombination,againstabusinesscombinationnotrelatingtotheBusinessCombination,againstanychangeinthebusiness,managementandWesternboardofdirectors,otherthaninconnectionwiththeBusinessCombinationandagainstanyadjournmentproposal,exceptaspe