Western Acquisition Ventures, a blank check company targeting various industries including infrastructure and health, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
The company is led by CEO and Director Stephen Christoffersen, the CFO of of KushCo Holdings (OTCQX: KSHB), and CFO and Director William Lischak, the CEO of RightsTrade and Interim CFO of Johnson Management Group. The company plans to target businesses with compelling long-term growth prospects, strong secular tailwinds, and highly fragmented markets ripe for consolidation opportunities. Its 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.
Western Acquisition Ventures plans to list on the Nasdaq under the symbol WAVSU. A.G.P. acted as sole bookrunner on the deal.
