Company: WENNU
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037753
Chunk: 178

Company: WEN Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 178
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 of the founder shares on a greater than one-to-one basis upon conversion                                                                                                                            |
| Wen Sponsor LLC, officers, directors, advisors or their respective affiliates |     | Finder’s fees, advisory fees, consulting fees or success fees                                                                     |     | Any services in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account                                                                         
 We may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions and pay such person or entity a fee in an amount that constitutes a market standard for comparable transactions |

Because our sponsor acquired the founder shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti -dilutionrights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one -to -onebasis upon conversion. In addition, the exercise of the private placement warrants purchased by our sponsor and Cantor Fitzgerald & Co. at the closing of this offering would increase the dilution to our public shareholders. Also, the conversion of any working capital loans into private placement warrants, as well as the exercise of such private placement warrants, would further increase the dilution to our public shareholders. See the sections titled “ Risk Factors — Risks Relating to our Securities — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline” and “Dilution. ”Additionally, we will reimburse an affiliate of our sponsor in an amount equal to $12,500 per month for office space, utilities and secretarial and administrative support made available to us, as described elsewhere in this prospectus. The founder shares will automatically convert into Class A ordinary shares (such Class A ordinary shares delivered upon conversion will not have any redemption rights or be entitled to liquidating distributions from the trust account if we fail to consummate an initial business