Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 72

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 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, by and
between the Company and Cantor (such fee, the “Deferred Fee”).

14

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

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 September 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 September 30, 2025, there were no Class A Ordinary Shares
issued or outstanding, excluding 30,015,000 shares subject to possible redemption.

Class B Ordinary Shares

The Company is authorized to issue a total of
50,000,000 Class B Ordinary Shares at par value of $0.0001 each. On January 13, 2025, the Company issued 5,750,000 Class B
Ordinary Shares to the Sponsor for $25,000, or approximately $0.004 per share. On April 28, 2025 and on April 29, 2025, the Company, through
a share capitalization, issued the Sponsor an additional 575,000 and 1,178,750, respectively, Class B Ordinary Shares, as a result of
which the Sponsor has purchased and holds an aggregate of 7,503,750 Class B Ordinary Shares. All share and per share data has been retrospectively
presented. The Founder Shares include an aggregate of up to 978,750 shares subject to forfeiture if the Over-Allotment Option is not exercised
by the Underwriters in full. On May 19, 2025, the Underwriters exercised their over-allotment option in full as part of the closing of
the Initial Public Offering. As such, the