Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 33

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Our IPO Registration
Statement became effective on May 15, 2025. On May 19. 2025, we consummated our Initial Public Offering of 30,015,000 Units, including
3,915,000 Option Units issued pursuant to the full exercise of the Over-Allotment Option. Each Unit consists of one Public Share and one-half
of one Public Warrant. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to us of $300,150,000.

Simultaneously with the
closing of the Initial Public Offering and pursuant to the Private Placement Warrants Purchase Agreements, we completed the sale of an
aggregate of 7,220,000 Private Placement Warrants to the Sponsor and Cantor in the Private Placement, at a purchase price of $1.00 per
Private Placement Warrant, generating gross proceeds to us of $7,220,000. Of those 7,220,000 Private Placement Warrants, the Sponsor purchased
2,610,000 Private Placement Warrants and Cantor purchased 2,610,000Private Placement Warrants. The Private Placement Warrants are identical
to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement.

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Following the closing
of the Initial Public Offering and Private Placement, an amount of $300,150,000 from the net proceeds of the Initial Public Offering and
the Private Placement was initially placed in the Trust Account located in the United States with Continental acting as trustee. The Trust
Account may be invested only (i) in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company
Act with a maturity of 185 days or less, (ii) in any open-ended investment company that holds itself out as a money market fund selected
by us meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, or (iii) as cash or cash
items (including in demand deposit accounts) at a bank as determined by us, until the earlier of: (x) the completion of the Business Combination
and (y) the distribution of the Trust Account, as described below.

We have until May 19,
2027 (24 months from the closing of the Initial Public Offering), or until such earlier liquidation date as our Board may approve or such
later date