Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 10

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 Therefore, the Company cannot assure its shareholders that the Sponsor would be able to satisfy those obligations. 

 Liquidity, Capital Resources and Going
Concern

The Company’s liquidity needs up to September
30, 2025 had been satisfied through the loan under the IPO Promissory Note (as defined in Note 5) from the Sponsor of up to $300,000.
At September 30, 2025, the Company had cash of $762,861 and working capital of $756,354.

The Company has incurred and expects to continue
to incur significant costs in pursuit of its acquisition plans. The Company may need to raise additional capital through loans or additional
investments from its Sponsor, shareholders, officers, directors, or third parties. The Company’s officers, directors and Sponsor
may, but are not obligated to, loan the Company Working Capital Loans (as defined in Note 5), from time to time or at any time, in whatever
amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly, the Company may
not be able to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional
measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit
of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available
to it on commercially acceptable terms, if at all. If the Company is unable to complete the Business Combination because it does not have
sufficient funds available, the Company will be forced to cease operations and liquidate the Trust Account.

7

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

In connection with the Company’s assessment
of going concern considerations in accordance with FASB ASC Topic 205-40, “Presentation of Financial Statements- Going Concern,”
Management has determined the Company’s liquidity condition raises substantial doubt about the Company’s ability to continue
as a Going Concern. The accompanying unaudited condensed financial statements do not include any adjustments that might result from the
Company’s inability to continue as a Going Concern.

Note 2 — Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”)