Western Acquisition Ventures Corp.

09/25/2024 | Press release | Distributed by Public on 09/25/2024 14:38

Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

On September 24, 2024, Western Acquisition Ventures Corp. (the "Company") entered into (i) a promissory note with Western Acquisition Ventures Sponsor LLC (the "Sponsor") for $255,555.56, pursuant to which the Company can borrow up to an aggregate principal amount of $230,000.00 from the Sponsor for certain transaction expenses related to the Company's business combination ("Business Combination") with Cycurion Inc. ("Cycurion") (the "Sponsor Promissory Note"); and (ii) a promissory note with Cycurion for $210,555.56, pursuant to which Cycurion can borrow up to an aggregate principal amount of $180,000.00 from the Company for certain transaction expenses in connection with Cycurion's consummation of the Business Combination (the "Cycurion Promissory Note"). The foregoing summaries of the Sponsor Promissory Note and the Cycurion Promissory Note do not purport to be complete and are qualified in their entirety by the Sponsor Promissory Note and the Cycurion Promissory Note filed by the Company as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K.