Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 108

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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 do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than as follows:

Administrative Services Agreement

Commencing on May 16, 2025, and until the completion
of our Business Combination or liquidation, we reimburse an affiliate of the Sponsor $12,500 per month for office space, utilities, and
secretarial and administrative support pursuant to the Administrative Services Agreement. For the (i) three months ended and (ii) period
from January 13, 2025 (inception) through September 30, 2025, we incurred and paid $37,500 and $56,250, respectively, in fees for these
services pursuant to the Administrative Services Agreement.

Underwriting Agreement

The Underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,000,000 Option Units to cover over-allotments, if any. On May
15, 2025, simultaneously with the closing of the Initial Public Offering, the Underwriters elected to fully exercise the Over-Allotment
Option to purchase the additional 3,000,000 Option Units at a price of $10.00 per Option Unit.

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The Underwriters were entitled to a cash underwriting
discount of $4,000,000 (2.0% of the gross proceeds of the Units in the Initial Public Offering, excluding any proceeds pursuant to the
Over-Allotment Option). Additionally, the Underwriters are entitled to the Deferred Fee of (i) 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 (ii) 6.50% of the gross proceeds
sold pursuant to the Over-Allotment Option, or $14,289,750 in the aggregate, payable upon the completion of the initial Business Combination
subject to the terms of the Underwriting Agreement.

Registration Rights
Agreement

The holders of (i) the
Founder Shares, (ii) the Private Placement Warrants and (iii) any private placement-equivalent warrants issued in connection with the
Working Capital Loans, if any (and in each case holders of their underlying securities, as applicable) are entitled to registration rights
pursuant to the Registration Rights Agreement, requiring us to register such securities for resale (in the case of the Founder Shares,
only after conversion