Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 135

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 4
Chunk 135
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) Quarterly Reports on Form 10-Q for the quarterly period ended March 31, 2025 and June 30, 2025, as filed with the SEC on June
27, 202 and August 14, 2025, respectively. As of the date of this Report, there have been no material changes with respect to those risk
factors , other than as set forth below. Any of these previously disclosed risk factors could
result in a significant or material adverse effect on our results of operations or financial condition. Additional risks not presently
known to us or that we currently deem immaterial may also affect our ability to consummate an initial Business Combination. We may disclose
changes to such risk factors or disclose additional risk factors from time to time in our future filings with the SEC.

There is substantial doubt about our ability
to continue as a “going concern.”

In connection with our assessment of going concern
considerations under applicable accounting standards, Management has determined that our possible need for additional financing to enable
us negotiate and complete our initial Business Combination, as well as the deadline by which we may be required to liquidate our Trust
Account, raise substantial doubt about our ability to continue as a going concern through approximately one year from the date the unaudited
condensed financial statements included in Item 1. “Financial Statements” of this Report were issued.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sales of Equity Securities

There were no sales of
unregistered securities during the quarterly period covered by this Report. However, simultaneously
with the closing of the Initial Public Offering and pursuant to the Private Placement Warrants Purchase Agreements, we completed the sale
of an aggregate of 7,220,000 Private Placement Warrants to the Sponsor and Cantor in the Private Placement at a purchase price of $1.00
per Private Placement Warrant, generating gross proceeds to us of $7,220,000. Of those 7,220,000 Private Placement Warrants, the Sponsor
purchased 2,610,000 Private Placement Warrants and Cantor purchased 2,610,000Private Placement Warrants. The Private Placement Warrants
are identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions
were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration
contained in Section 4(a)(2) of