Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 16

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 Plus: 

    Accretion of carrying value to redemption value 
     24,047,939 
  
    Class A Ordinary Shares subject to possible redemption, June 30, 2025 
     301,553,603 
  
    Plus: 

    Accretion of carrying value to redemption value 
     3,259,210 
  
    Class A Ordinary Shares subject to possible redemption, September 30, 2025 
    $304,812,813 

10

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

Net Income Per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” Income and losses are shared pro rata to the shares. Net income
per Ordinary Share is computed by dividing net income by the weighted average number of Ordinary Shares outstanding for the period. Accretion
associated with the redeemable Ordinary Shares is excluded from income per Ordinary Share as the redemption value approximates fair value.

The calculation of diluted income per Ordinary
Share does not consider the effect of the Warrants issued in connection with the (i) Initial Public Offering, (ii) the exercise of the
Over-Allotment Option and (iii) Private Placement, since the average price of the Ordinary Shares for the three months ended September
30, 2025 and for the period from January 13, 2025 (inception) through September 30, 2025 was less than the exercise price, and therefore,
the inclusion of such Warrants under the Treasury stock method would be anti-dilutive and the exercise is contingent upon the occurrence
of future events. The Warrants are exercisable to purchase 30,015,000 Class A Ordinary Shares in the aggregate.

The following tables reflect the calculation of
basic and diluted net income per Ordinary Share:

    For the Three Months Ended  
    For the Period from January 13, 2025 (Inception) Through 

    September 30,
 2025  
    September 30,
 2025 

    Class A  
    Class B  
    Class A  
    Class B 

    Ordinary Shares  
    Ordinary Shares  
    Ordinary Shares  
    Ordinary Shares 
  
    Basic net income per Ordinary Share 

    Numerator: