Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 68

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 the Public Shares if the Company has not consummated an initial Business Combination within
the Combination Period or (2) any other material provisions relating to shareholders’ rights or pre-initial Business Combination
activity; (ii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company
fails to complete the initial Business Combination within the Combination Period, although they will be entitled to liquidating distributions
from the Trust Account with respect to any Public Shares they hold if the Company fails to complete the initial Business Combination within
the Combination Period and to liquidating distributions from assets outside the Trust Account; and (iii) vote any Founder Shares held
by them and any Public Shares purchased during or after the Initial Public Offering (including in open market and privately negotiated
transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would
not be voted in favor of approving the Business Combination) in favor of the initial Business Combination.

12

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

Note 5 — Related Party
Transactions

Founder Shares

On January 13, 2025, the Sponsor made a capital
contribution of $25,000, or approximately $0.004 per share, to cover certain of the Company’s expenses, for which the Company issued
5,750,000 of the Company’s Class B ordinary shares, par value $0.0001 per share (the “Class B Ordinary Shares”, and
together with the Class A Ordinary Shares, the “Ordinary Shares”) to the Sponsor (such shares, the “Founder Shares”).
On April 28, 2025 and April 29, 2025, the Company, through a share capitalization, issued the Sponsor an additional 575,000 and 1,178,750,
Class B Ordinary Shares, respectively, 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. Up to 978,750 of the Founder Shares were subject to surrender
by the Sponsor for no consideration depending on the extent to which the Over-Allotment Option was exercised. On May 19, 2025, the Underwriters
exercised their Over-Allotment Option in