Western Acquisition Ventures switches to new auditor

Western Acquisition Ventures Corp., a company specializing in computer programming services, has announced a change in its independent registered public accounting firm. On Monday, the company dismissed Marcum LLP and appointed WWC, P.C. as its new auditor.

This transition took place on July 10, 2024, as disclosed in a recent 8-K filing with the U.S. Securities and Exchange Commission (SEC).

The reports from Marcum LLP for the fiscal years ending December 31, 2023, and December 31, 2022, did not contain any adverse opinions or disclaimers and were not marked by disagreements or modifications related to audit scope or accounting principles.

Additionally, during the fiscal years mentioned and the subsequent interim period leading up to the change, there were no disagreements or reportable events between Western Acquisition Ventures and Marcum.

Western Acquisition Ventures has confirmed that it has provided Marcum with the disclosures made in the 8-K report and has requested Marcum to submit a letter to the SEC stating whether it agrees with the disclosures. The company will file Marcum's response as an amendment to the current report.

Furthermore, during the fiscal years ended December 31, 2023, and December 31, 2022, and the interim period up to July 10, 2024, Western Acquisition Ventures did not consult WWC on any accounting principles or transactions that would have significantly impacted their financial statements. There were no disagreements or reportable events with WWC during this time.

The change in the company's certifying accountant is a significant event for stakeholders and investors, as the auditor plays a crucial role in ensuring the accuracy and reliability of financial statements.

Western Acquisition Ventures' shares are traded on The NASDAQ Stock Market LLC under the ticker symbols WAVSU for units consisting of one share of common stock and one redeemable warrant, WAVS for common stock, and WAVSW for redeemable warrants.

This shift in auditors is based on the information provided in the company's 8-K filing and does not reflect any disputes or issues with the previous auditor, Marcum LLP. The reason for the change has not been disclosed in the filing.

In other recent news, Western Acquisition Ventures Corp. has extended its merger deadline to October 11, 2024, from the initial date of July 11, 2024. This decision was made following a virtual special meeting of stockholders, where a vast majority of the shares voted in favor of the extension.

In addition to this, stockholders approved an amendment to the company's investment management trust agreement, allowing Western Acquisition to extend the termination date by depositing a nominal amount into the trust account.

A third proposal was also passed without opposition, authorizing the chairman of the special meeting to adjourn the meeting to a later date if necessary. This extension provides Western Acquisition with additional time to finalize a business combination, a common practice for special purpose acquisition companies like Western Acquisition. The company filed these changes with the Delaware Secretary of State on the same day as the stockholders' approval.

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