Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 27

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 and losses are shared pro rata to the shares. Net income
per Ordinary Share is computed by dividing net income by the weighted average number of Ordinary Shares outstanding for the period. Accretion
associated with the redeemable Ordinary Shares is excluded from income per Ordinary Share as the redemption value approximates fair value.

The calculation of diluted income per Ordinary
Share does not consider the effect of the Warrants issued in connection with the (i) Initial Public Offering, (ii) the exercise of the
over-allotment option and (iii) Private Placement, since the average price of the Ordinary Shares for the three months ended and for the
period from January 13, 2025 (inception) through June 30, 2025 was less than the exercise price and therefore, the inclusion of such Warrants
under the Treasury stock method would be anti-dilutive and the exercise is contingent upon the occurrence of future events. The Warrants
are exercisable to purchase 30,015,000 Class A Ordinary Shares in the aggregate.

The following table reflects the calculation of
basic and diluted net income per Ordinary Share:

    For the Three
Months Ended  
    For the Period
    from
    January 13, 2025 
    (Inception) Through  

    June
    30, 2025  
    June
    30, 2025 

    Class A  
    Class B  
    Class A  
    Class B 

    Ordinary
    Shares  
    Ordinary
    Shares  
    Ordinary
    Shares  
    Ordinary
    Shares 
  
    Basic net income per Ordinary Share 

    Numerator: 

    Allocation
    of net income 
    $783,898  
    $390,732  
    $594,418  
    $536,268 

    Denominator: 

    Basic weighted average Ordinary Shares
    outstanding 
     14,007,000  
     6,981,750  
     7,503,750  
     6,769,688 
  
    Basic net income per Ordinary
    Share 
    $0.06  
    $0.06  
    $0.08  
    $0.08 

10

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025