Company: WENNU
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037753
Chunk: 158

Company: WEN Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 158
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 the underwriters’ over -allotmentoption is exercised in full) and Cantor Fitzgerald & Co. has agreed to purchase 2,610,000 warrants. The private placement warrants will be identical to the warrants sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement warrants (i) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (ii) will be entitled to registration rights and (iii) with respect to private placement warrants held by Cantor Fitzgerald & Co., will not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). Prior to or in connection with the completion of our initial business combination, there may be payment by the company to our sponsor, officers, directors, advisors or their respective affiliates a finder’s fee, advisory fee, consulting fee or success fee in order to effectuate the completion of our initial business combination, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their affiliates. We will reimburse Launchpad Capital Management Company LLC, an affiliate of our sponsor, in an amount equal to $12,500 per month for office space, utilities and secretarial and administrative support made available to us. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. 102 Prior to the closing of this offering, our sponsor may loan us funds in an aggregate amount of up to $300,000 to be used for a portion of the expenses of this offering. These loans would be non -interestbearing, unsecured and are due at the earlier of December 31, 2025 or the closing of this offering. As of February 7, 2025, we had borrowed $27,920 under the promissory note with our sponsor. In addition, in order to finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required on a non -interestbasis. If we complete an initial business combination