Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 23

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 difficult or impossible because of the potential
differences in accounting standards used.

Use of Estimates

The preparation of the accompanying unaudited
condensed financial statements in conformity with GAAP requires Management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the accompanying unaudited condensed
financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from
those estimates.

Making estimates requires Management to exercise
significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances
that existed at the date of the accompanying unaudited condensed financial statements, which Management considered in formulating its
estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly
from those estimates. 

Cash and Cash Equivalents

The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had cash of $921,309 and did not
have any cash equivalents as of June 30, 2025.

Cash and Marketable Securities Held in Trust
Account

At June 30, 2025, substantially all of the assets
held in the Trust Account amounting to $301,553,603 were held in U.S. government securities. At June 30, 2025, the Company’s portfolio
of investments held in the Trust Account was comprised of 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, or investments in money market funds that invest in U.S. government
securities, or a combination thereof. The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity in accordance
with FASB ASC Topic 320, “Investments - Debt and Equity Securities.” Held-to-maturity securities are those securities which
the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on
the accompanying unaudited condensed balance sheet and adjusted for the amortization or accretion of premiums or discounts. Gains and
losses resulting from the change in fair value of investments held in the Trust Account are included in unrealized gain (loss) on marketable
securities held in the Trust Account in the accompanying una