Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 18

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
 for interim periods beginning after December 15, 2027, with early adoption
permitted. The Company is currently evaluating the impact of adopting ASU 2024-03.

Management does not believe that any other recently
issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying unaudited
condensed financial statements.

Note 3 — Initial Public
Offering

In the Initial Public Offering on May 19, 2025,
the Company sold 30,015,000 Units at a purchase price of $10.00 per Unit for a total of $300,150,000, which included the full exercise
of the Over-Allotment Option in the amount of 3,915,000 Option Units. Each Unit consists of one Public Share and one-half of one redeemable
Public Warrant. Each Public Warrant entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per share, subject
to adjustment.

Note 4 — Private
Placement

Simultaneously with the closing of the Initial
Public Offering, the Sponsor and Cantor purchased an aggregate of 7,220,000 Private Placement Warrants, each exercisable to purchase one
Class A Ordinary Share at $11.50 per share, at a price of $1.00 per Private Placement Warrant, in the Private Placement for an aggregate
purchase price of $7,220,000. Of those 7,220,000 Private Placement Warrants, the Sponsor purchased 4,610,000 Private Placement Warrants
and Cantor purchased 2,610,000 Private Placement Warrants. Each whole Private Placement Warrant entitles the registered holder to purchase
one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment.

The Private Placement Warrants are identical to
the Public Warrants sold in the Initial Public Offering except that, the Private Placement Warrants (i) may not (including the Class A
Ordinary Shares issuable upon exercise of these Private Placement Warrants), subject to certain limited exceptions, be transferred, assigned
or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) will be entitled to registration
rights and (iii) with respect to Private Placement Warrants held by Cantor, will not be exercisable more than five years from
the commencement of sales in the