Company: WENNU
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037753
Chunk: 88

Company: WEN Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 88
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 exchange for 5,750,000 founder shares. On April28, 2025 and April29, 2025, the Company, through a share recapitalization, issued an additional 575,000 and 1,178,750, respectively Class B ordinary shares, as a result of which the sponsor has purchased and holds an aggregate of 7,503,750 founder shares. Prior to the initial investment in the company of $25,000 by the sponsor, the company had no assets, tangible or intangible. The purchase price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 30,015,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering. Our public shareholders may incur material dilution due to such anti -dilutionadjustments that result in the issuance of Class A ordinary shares on a greater than one -to -onebasis upon conversion. Up to 978,750 of the founder shares will be surrendered for no consideration depending on the 60 extent to which the underwriters’ over -allotmentoption is exercised. The founder shares will be worthless if we do not complete an initial business combination, except to the extent they receive liquidating distributions from assets outside of the trust account. In addition, our sponsor and Cantor Fitzgerald & Co., the representative of the underwriters, have committed to purchase an aggregate of 7,220,000 (whether or not underwriters’ over -allotmentoption is exercised in full) private placement warrants, each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per warrant, or $7,220,000 in the aggregate, in a private placement that will close simultaneously with the closing of this offering. Of those 7,220,000 private placement warrants, our sponsor has agreed to purchase 4,610,000 warrants (whether or not the underwriters’ over -allotmentoption is exercised in full) and Cantor Fitzgerald & Co. has agreed to purchase 2,610,000 warrants. The private placement warrants will be worthless if we do not complete our initial business combination. The personal and financial interests of our officers and directors may