Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 19

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 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 (less taxes payable and up to $100,000 of interest to pay dissolution
expenses), divided by the number of then outstanding Public Shares, which redemption will constitute full and complete payment for the
Public Shares and completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation
or other distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims of creditors
and subject to the other requirements of applicable law.

The Sponsor, officers and directors have entered
into a letter agreement with the Company dated May 15, 2025 (the “Letter Agreement”), pursuant to which they have agreed to
(i) waive their redemption rights with respect to their Founder Shares (as defined in Note 5) and Public Shares in connection with (x)
the completion of the initial Business Combination or an earlier redemption in connection with the commencement of the procedures to consummate
the initial Business Combination if the Company determines it is desirable to facilitate the completion of the initial Business Combination
and (y) a shareholder vote to approve an amendment to the Amended and Restated Articles to modify (1) the substance or timing of the Company’s
obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Public Shares if the Company
has not consummated an initial Business Combination within the Combination Period or (2) any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity; (ii) waive their rights to liquidating distributions from the Trust Account
with respect to their Founder Shares if the Company fails to complete the initial Business Combination within the Combination Period,
although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the
Company fails to complete the initial Business Combination within the Combination Period and to liquidating distributions from assets
outside the Trust Account; and (iii) vote any Founder Shares held by them and any Public Shares purchased during or after the Initial
Public Offering (including in open market and privately negotiated transactions, aside from shares they may purchase in compliance with
the requirements of Rule 14e-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which