Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 63

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 8
Chunk 63
---
ii) all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection with the
closing of the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller
in the initial business combination and any private placement-equivalent warrants issued to the Sponsor or any of its affiliates or to
the Company’s officers or directors upon conversion of working capital loans) minus (iii) any redemptions of Class A
ordinary shares by public shareholders in connection with an initial Business Combination and any redemptions of Class A ordinary shares
by public shareholders in connection with any amendment to the amended and restated memorandum and articles of association made prior
to the consummation of the initial Business Combination (A) to modify 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 does not complete
the initial business combination within the completion window or (B) with respect to any other material provisions relating to the rights
of holders of Class A ordinary shares or pre-business combination activity; provided that such conversion of founder shares will never
occur on a less than one-for-one basis.

Holders of record of the Company’s Class A
ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters to be voted on by shareholders.
Unless specified in the amended and restated memorandum and articles of association or as required by the Companies Act or stock exchange
rules, an ordinary resolution under Cayman Islands law and the amended and restated memorandum and articles of association, which requires
the affirmative vote of at least a majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where
proxies are allowed, by proxy at the applicable general meeting of the Company is generally required to approve any matter voted on by
the Company’s shareholders. Approval of certain actions require a special resolution under Cayman Islands law, which (except as
specified below) requires the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do
so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting, and pursuant to the Company’s amended
and restated memorandum and articles of association, such actions include amending the amended and restated memorandum and articles of
association and approving a statutory merger or consolidation with another company