Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 22

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 the post-Business Combination entity at a price of $1.00 per warrant at the option of the lender. Such warrants
would be identical to the Private Placement Warrants. As of September 30, 2025, no such Working Capital Loans were outstanding.

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 Agreement 

The holders of the (i) Founder Shares, (ii) Private
Placement Warrants (and the Class A Ordinary Shares underlying the Private Placement Warrants) 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 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 (