Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 82

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 in the Private Placement, at a purchase price of $1.00 per
Private Placement Warrant, generating gross proceeds to us of $7,220,000. Of those 7,220,000 Private Placement Warrants, the Sponsor purchased
2,610,000 Private Placement Warrants and Cantor purchased 2,610,000Private Placement Warrants. The Private Placement Warrants are identical
to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement.

20

Following the closing
of the Initial Public Offering and Private Placement, an amount of $300,150,000 from the net proceeds of the Initial Public Offering and
the Private Placement was initially placed in the Trust Account located in the United States with Continental acting as trustee. The Trust
Account may be invested only (i) in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company
Act with a maturity of 185 days or less, (ii) in any open-ended investment company that holds itself out as a money market fund selected
by us meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, or (iii) as cash or cash
items (including in demand deposit accounts) at a bank as determined by us, until the earlier of: (x) the completion of the Business Combination
and (y) the distribution of the Trust Account, as described below.

We have until May 19,
2027 (24 months from the closing of the Initial Public Offering), or until such earlier liquidation date as our Board may approve or such
later date as our shareholders may approve pursuant to the Amended and Restated Articles, to consummate the Business Combination. If we
are unable to complete the Business Combination by the end of the Combination Period, we will (i) cease all operations except for the
purpose of winding up, (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem the Public Shares,
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on
the funds held in the Trust Account and not previously released to us to pay taxes, if any, divided by the number of then outstanding
Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive
further liquid