Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 79

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 is significant to the fair value measurement.

Level 1 assets include investments in money market
funds that invest solely in Treasury securities. At September 30, 2025, assets held in the Trust Account were comprised of $304,812,341
in money market funds and $472 in cash, which were invested primarily in Treasury securities.

The fair value of the Public Warrants was $2,641,320
or $0.176 per Public Warrant. The fair value of Public Warrants was determined using Monte Carlo Simulation Model. The Public Warrants
have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents
the quantitative information regarding market assumptions used in the level 3 valuation of the Public Warrants:

    May 19, 2025 
  
    Volatility 
     5.2%
  
    Risk free rate 
     4.17%
  
    Stock price 
    $10.29 
  
    Weighted terms (Yrs) 
     7.01 

Note 9 — Segment Information

FASB ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding
how to allocate resources and assess performance.

The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, Management has determined that the Company only has one reportable segment.

18

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the accompanying unaudited condensed statements
of operations as net income or loss. The measure of segment assets is reported on the accompanying unaudited condensed balance sheet as
total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews
several key metrics, which include the following:

    September 30, 2025 
  
    Cash 
    $762,