Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 125

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 3
Chunk 125
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arrants, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions
were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act.

Use of Proceeds

There were no offerings of registered securities
and therefore no planned use of proceeds from such offerings during the quarterly period covered by this Report. For a description of
the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II, Item 2 of our Quarterly Report on Form
10-Q for the quarterly period ended June 30, 2025, as filed with the SEC on August 14, 2025. There has been no material change in the
planned use of the proceeds from our Initial Public Offering and the Private Placement as described in the IPO Registration Statement.
The specific investments in our Trust Account may change from time to time.

To mitigate the risk that we might be deemed to
be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust
Account, we may, at any time, (based on our Management Team’s ongoing assessment of all factors related to our potential status
under the Investment Company Act) instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the
funds in the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

27

Purchases of Equity Securities by the Issuer
and Affiliated Purchasers

There were no repurchases of our equity securities
by us or an affiliate during the quarterly period covered by this Report. 

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

Trading Arrangements

During the quarterly period ended September 30,
2025, none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted or terminated any “Rule
10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of
Regulation S-K.

Additional Information

None.

Item 6. Exhibits.

The following exhibits are filed as part of, or
incorporated by reference into, this Report.

    No.
     
    Description of