Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 15

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 Beginning of period 
     — 
  
    Cash – End of period 
    $921,309 

    Non-Cash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $88,092 
  
    Deferred offering costs paid through IPO Promissory Note – related party 
    $200,860 
  
    Prepaid services contributed by Sponsor
    through IPO Promissory Note – related party 
    $45,470 
  
    Deferred underwriting fee payable 
    $14,289,750 
  
    Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares 
    $25,000 

The accompanying notes are an integral part of
the unaudited condensed financial statements. 

4

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Wen Acquisition Corp (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on January 13, 2025. The Company was incorporated
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 has not selected any specific Business Combination
target, and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any
Business Combination target with respect to an initial Business Combination with the Company.

As of June 30, 2025, the Company has not commenced
any operations. All activities for the period from January 13, 2025 (inception) through June 30, 2025 relate to the Company’s
formation and the Initial Public Offering (as defined below), and subsequent to the Initial Public Offering, identifying a target company,
negotiating the terms of a Business Combination. The Company will not generate any operating revenues until after the completion of its
initial Business Combination, at the earliest. The Company generates non-operating income in the form of interest income on cash and cash
equivalents from the proceeds derived from the Initial Public Offering (as defined below). The Company has selected December 31 as
its fiscal year end.

The Registration Statement on Form S-1 for the
Initial Public Offering, initially