Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 147

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 4
Chunk 147
---
 in our (i) IPO Registration Statement and (ii) Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2025, as filed with the SEC on June 27, 2025. Any of these factors could
result in a significant or material adverse effect on our results of operations or financial condition. Additional risks could arise that
may also affect our ability to consummate an initial Business Combination. We may disclose changes to such risk factors or disclose additional
risk factors from time to time in our future filings with the SEC.

We may seek to extend the Combination Period,
which could reduce the amount held in our Trust Account and have adverse effects on our Company. 

If
we are unable to consummate our initial Business Combination on or before May 19, 2027,
we may seek shareholder approval to extend the Combination Period by amending our Amended and Restated Articles. In such event, our Public
Shareholders will be provided the opportunity to have all or a portion of their Public Shares redeemed. Any redemptions will reduce the
amount held in our Trust Account, the effect of which may adversely affect our ability to consummate our initial Business Combination
and may also impair our ability to maintain our Nasdaq listing.

We anticipate that our securities will be
suspended from trading on Nasdaq and delisted if we do not consummate our initial Business Combination by May 15, 2028. Any trading suspension
or delisting could have a material adverse effect on the trading of our securities and may adversely affect our ability to consummate
an initial Business Combination.

Our
IPO Registration Statement was declared effective by the SEC on May 15, 2025 and our securities are currently listed on the Global Market
tier of Nasdaq. Pursuant to our Amended and Restated Articles, we have until May 19, 2027 to
consummate our initial Business Combination. 

Under the Nasdaq Rules, a SPAC’s Nasdaq-listed
securities will be immediately suspended from trading if the SPAC does not meet the Nasdaq 36-Month Requirement, and Nasdaq will, at such
point, commence delisting procedures. Although a SPAC can request a hearing before the hearing panel of Nasdaq (the “Hearing Panel”),
the scope of the Hearing Panel’s review is limited. If a SPAC completes a Business Combination after receiving a delisting determination
by the staff of the Listing Qualifications Department of Nasdaq (