Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 83

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 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 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 Articles or as required by the Companies Act (as revised) of the Cayman Islands or stock exchange rules, an ordinary resolution
under Cayman Islands law and the Amended and Restated Articles, 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 Articles, such actions include amending the Amended and Restated
Articles and approving a statutory merger or consolidation with another company. There is no cumulative voting with respect to the appointment
of directors, meaning, following the Company’s initial Business Combination, the holders of more than 50% of the Ordinary Shares
voted for the appointment of directors can elect all of the directors. Prior to the consummation of the initial Business Combination,
only holders of the Class B Ordinary Shares will (i) have the right to vote on the appointment and removal of directors and
(ii) be entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands