Company: WENNU
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037753
Chunk: 157

Company: WEN Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 157
---
 deposit account at a bank. Due to the short -termnature of these investments, we believe there will be no associated material exposure to interest rate risk. Related Party Transactions On January 13, 2025 our sponsor paid $25,000, or approximately $0.004 per share, to cover certain of our offering costs and expenses in exchange for 5,750,000 founder shares. On April28, 2025 and on April29, 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. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 30,015,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering. Our public shareholders may incur material dilution due to such anti -dilutionadjustments that result in the issuance of Class A ordinary shares on a greater than one -to -onebasis upon conversion. Up to 978,750 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Our sponsor and Cantor Fitzgerald & Co. have committed, pursuant to written agreements, to purchase an aggregate of 7,220,000 private placement warrants (whether or not the underwriters’ over -allotmentoption is exercised in full), each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per warrant, or $7,220,000 in the aggregate, in a private placement that will close simultaneously with the closing of this offering. Of those 7,220,000 private placement warrants, our sponsor has agreed to purchase 4,610,000 warrants (whether or not