Western Acquisition Ventures Corp. Bought Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Document on Save 10-Q

Current York, NY, June 10, 2024 –(PR.com)– Western Acquisition Ventures Corp. (Nasdaq: WAVS) (“Western”), a particular reason acquisition company, nowadays presented that it purchased an expected deficiency notification letter from the Itemizing Abilities Workers of The Nasdaq Stock Market LLC (“Nasdaq”) on June 5, 2024 (the “Spy”). The Spy indicated that the Company used to be no longer in compliance with Nasdaq Itemizing Rule 5250(c)(1) (the “Itemizing Rule”) as a results of its failure to effectively timed file its Quarterly Document on Save 10-Q for the interval ended March 31, 2024 (the “Save 10-Q”), as described more fully in the Company’s Save 12b-25 Notification of Late Filing (the “Save 12b-25”) filed with the Securities and Exchange Commission (the “SEC”) on Could well per chance impartial 14, 2024. The Itemizing Rule requires Nasdaq-listed companies to effectively timed file all required periodic studies with the SEC.
The Spy has no on the spot create on the itemizing or trading of the Company’s frequent stock on the Nasdaq World Pick out Market.
In accordance with Nasdaq’s itemizing suggestions, the Company has 60 calendar days after the Spy to put up a conception to procure compliance with the Itemizing Rule. Pursuant to the Spy, following receipt of such conception, Nasdaq would possibly possibly possibly grant an extension of as much as 180 calendar days from the Save 10-Q’s due date, or till November 18, 2024, for the Company to procure compliance. The Company intends to rob the wanted steps to procure compliance with Nasdaq’s itemizing suggestions as soon as practicable.
As previously disclosed, the submitting of the Save 10-Q used to be delayed attributable to the matters described in the Save 12b-25 and the Present Document on Save 8-Good ample filed by the Company on June 10, 2024. As of nowadays, the overview described in the Save 12b-25 is ongoing and all parties proceed to work diligently to whole the overview and to file the Save 10-Q as soon as practicable.
About Western Acquisition Ventures Corp.
Western Acquisition Ventures Corp. is a easy test company backed by Western Acquisition Ventures Sponsor LLC, a Delaware restricted legal responsibility company, whose industry reason is to create a merger, fragment exchange, asset acquisition, stock buy, reorganization or the same industry aggregate with various companies. The corporate is led by Board Member and CEO James P. McCormick, and Board Member and Director Ryan Selewicz. Western intends to focal level on companies in the financial companies and products, healthcare, real property companies and products, skills, leisure, hospitality, and tool industries. The corporate plans to purpose companies with compelling prolonged-term command prospects, secular tailwinds, and highly fragmented markets ripe for consolidation. For more recordsdata, talk over with Western’s web space.
Bring together Harbor Observation
Certain statements made in this press launch are forward-taking a gaze statements right thru the that blueprint of Allotment 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements encompass statements referring to the timing and expectations referring to the Company’s and Marcum LLP’s (“Marcum”) overview job and the submitting of the Save 10-Q, statements pertaining to to the Company’s conception to procure compliance with Nasdaq’s itemizing suggestions, apart from all statements which would be no longer historical details. These forward-taking a gaze statements are discipline to alter, and loyal results would possibly possibly possibly materially fluctuate from these location forth in this Present Document attributable to certain risks and uncertainties. Factors that can per chance motive or make contributions to adjustments in such forward-taking a gaze statements encompass, but are no longer restricted to, the expected timing and results of Marcum’s completion of its additional audit procedures; the chance that the completion and submitting of the Save 10-Q will rob longer than expected; uncertainties about the timing of the Company’s submission of a compliance conception; Nasdaq’s acceptance of this form of conception; the interval of any extension that can per chance effectively be granted by Nasdaq; and the chance that the Company will be unable to meet Nasdaq’s persevered itemizing requirements. The foregoing overview of critical components would possibly possibly possibly unruffled no longer be construed as exhaustive and desires to be read along side the opposite cautionary statements location forth in studies filed with the SEC, including the Company’s most contemporary studies on Save 8-Good ample, quarterly studies on Save 10-Q and its annual memoir on Save 10-Good ample, comparable to statements referring to adjustments in financial prerequisites and the impact of competition. Undue reliance would possibly possibly possibly unruffled no longer be positioned on any forward-taking a gaze observation contained herein. These statements mirror the Company’s location as of the date of this Present Document. The Company expressly disclaims any mission to launch publicly any updates or revisions to any statements to mirror any change in the Company’s expectations or any change of events, prerequisites, or conditions on which this form of observation is basically basically based fully.
Western Acquisition Ventures Corp.
Jim McCormick
281-770-0806
www.westernacquisitionventures.com
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