Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 66

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 $11.50 per share. Of the 7,220,000 Private Placement Warrants,
4,610,000 Private Placement Warrants were sold to the Company’s Sponsor, and 2,610,000 Private Placement Warrants were sold to
Cantor Fitzgerald & Co., the representative of the underwriters in the Initial Public Offering , in each case at a purchase price
of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $7,220,000.

On May 20, 2025 the Company repaid the outstanding
balance under the promissory note.

14

Item 2. Management’s Discussion and
Analysis of Financial Condition and Results of Operations

The following discussion and analysis of the
Company’s financial condition and results of operations should be read in conjunction with the financial statements and the notes
thereto contained elsewhere in this Report. Certain information contained in the discussion and analysis set forth below includes forward-looking
statements that involve risks and uncertainties.

Cautionary Note Regarding Forward-Looking
Statements

All statements other
than statements of historical fact included in this Report including, without limitation, statements under this Item regarding our financial
position, business strategy and the plans and objectives of Management for future operations, are forward-looking statements. When used
in this Report, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”
and similar expressions, as they relate to us or our Management, identify forward-looking statements. Such forward-looking statements
are based on the beliefs of our Management, as well as assumptions made by, and information currently available to, our Management. Actual
results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in
our filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf
are qualified in their entirety by this paragraph.

The following discussion
and analysis of our financial condition and results of operations should be read in conjunction with the unaudited condensed financial
statements and the notes thereto included in this Report under Item 1. “Financial Statements”.

Overview

We are a blank check company incorporated in
the Cayman Islands on January 13, 2025 formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”).
The Company may pursue an acquisition opportunity