Western Acquisition Ventures registered to raise up to $150 million through an offering of 15 million units. Each consists of of one share of common stock and a warrant.
The SPAC will work to acquire a business with an enterprise value in excess of $500 million. Target sectors may include infrastructure and environmental services; health, wellness and food sustainability; financial technology and financial services; enterprise software and SaaS; and leisure and hospitality.
CEO and Director Stephen Christoffersen is CFO of KushCo Holdings and a board member of XS Financial.
Alliance Global Partners, the representative of the underwriters, has an option to purchase up to an additional 2.25 million units solely to cover over-allotments, if any. Brookmline Capital is co-manager. Benchmark is an independent underwriter.
The SPAC intends to apply for a Nasdaq listing under WAVSU. Read more.
