Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 77

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 (iii) with respect to Private Placement Warrants held by Cantor, will not be exercisable more than five years from
the commencement of sales in the Initial Public Offering in accordance with Financial Industry Regulatory Authority (“FINRA”)
Rule 5110(g)(8).

The Sponsor, officers and directors have entered
into the Letter Agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their
Founder Shares and Public Shares in connection with (x) the completion of the initial Business Combination or an earlier redemption in
connection with the commencement of the procedures to consummate the initial Business Combination if the Company determines it is desirable
to facilitate the completion of the initial Business Combination and (y) a shareholder vote to approve an amendment to the Amended and
Restated Articles to modify (1) the substance or timing of the Company’s obligation to allow redemption in connection with the initial
Business Combination or to redeem 100% of 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.

11

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 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