Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 33

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 securities. In addition,
the holders have certain piggyback registration rights with respect to registration statements filed subsequent to the completion of the
initial Business Combination. In addition, Cantor Fitzgerald & Co. may participate in a piggyback registration only during the
seven-year period beginning on the effective date of the Initial Public Offering. The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

Underwriting Agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,915,000 Option Units to cover over-allotments, if any (the
“Over-Allotment Option”). On May 19, 2025, simultaneously with the closing of the Initial Public Offering, the underwriters
elected to fully exercise the Over-Allotment Option to purchase the additional 3,915,000 Option Units at a price of $10.00 per Option
Unit.

The underwriters were entitled to a cash underwriting
discount of $5,220,000 (2.0% of the gross proceeds of the Units in the Initial Public Offering, excluding any proceeds from Option Units
sold pursuant to the Over-Allotment Option), which was paid at the closing of the Initial Public Offering. Additionally, the underwriters
are entitled to a deferred underwriting fee of 4.50% of the gross proceeds of the Initial Public Offering held in the Trust Account other
than those sold pursuant to the Over-Allotment Option and 6.50% of the gross proceeds sold pursuant to the Over-Allotment Option, $14,289,750
in the aggregate upon the completion of the initial Business Combination subject to the terms of the underwriting agreement, dated May
15, 2025 (such fee, the “Deferred Fee”).

Note 7 — Shareholders’
Deficit

Preference Shares

The Company is authorized to issue a total of
5,000,000 preference shares at par value of $0.0001 each. At June 30, 2025, there were no preference shares issued or outstanding.

Class A Ordinary Shares

 The Company is authorized to issue a total
of 500,000,000 Class A Ordinary Shares at par value of $0.0001 each. At June 30, 2025, there were no Class A Ordinary Shares
issued or outstanding, excluding 30,