Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 80

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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ITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Note 6 — Commitments and
Contingencies

Risks and Uncertainties

The Company’s ability to complete an initial
Business Combination may be adversely affected by various factors, many of which are beyond the Company’s control. The Company’s
ability to consummate an initial Business Combination could be impacted by, among other things, changes in laws or regulations, downturns
in the financial markets or in economic conditions, inflation, fluctuations in interest rates, increases in tariffs, supply chain disruptions,
declines in consumer confidence and spending, public health considerations, and geopolitical instability, such as the military conflicts
in Ukraine and the Middle East. The Company cannot at this time predict the likelihood of one or more of the above events, their duration
or magnitude or the extent to which they may negatively impact the Company’s ability to complete an initial Business Combination.

Registration Rights

The holders of the (i) Founder shares, (ii) Private
Placement Warrants (and the underlying securities) and (iii) warrants that may be issued upon conversion of the Working Capital Loans
have registration rights to require the Company to register a sale of any of the Company’s securities held by them and any other
securities of the Company acquired by them prior to the consummation of the initial Business Combination pursuant to a registration rights
agreement, dated May 15, 2025 between such holders and the Company (the “Registration Rights Agreement”). The holders of these
securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition,
the holders have certain piggyback registration rights with respect to registration statements filed subsequent to the completion of the
initial Business Combination. In addition, Cantor Fitzgerald & Co. may participate in a piggyback registration only during the
seven-year period beginning on the effective date of the Initial Public Offering. The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

Underwriting Agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,915,000 Option Units to cover over-allotments, if any (the
“Over-Allotment Option”). On May 19, 2025, simultaneously with the closing of the Initial Public Offering, the