Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 87

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 2
Chunk 87
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 necessary to do so,
we may have insufficient funds available to operate our business prior to our Business Combination. Moreover, we may need to obtain additional
financing either to complete our Business Combination or because we become obligated to redeem a significant number of our public shares
upon consummation of our Business Combination, in which case we may issue additional securities or incur debt in connection with such
Business Combination.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of March 31, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

16

Contractual obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an affiliate of the Sponsor to pay
an aggregate of $12,500 per month for office space, utilities, and secretarial and administrative support. These monthly fees will cease
upon the completion of the initial Business Combination or the liquidation of the Company.

The underwriters are entitled to a deferred underwriting
discount of 4.50% of the gross proceeds of the Initial Public Offering held in the Trust Account other than those sold pursuant to the
underwriters’ over-allotment option and 6.50% of the gross proceeds sold pursuant to the underwriters’ over-allotment option,
$14,289,750 in the aggregate upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting
agreement.

Critical Accounting Estimates

The preparation of the unaudited condensed financial
statements and related disclosures included in this Report under Item 1. “Financial Statements” in conformity with accounting
principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and income
and expenses during the periods reported. Making estimates requires management to exercise significant judgement. It is at least reasonably
possible that the estimate of the effect of a condition, situation or set of circumstances that existed