Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 90

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 our financial
condition and results of operations should be read in conjunction with the unaudited condensed financial statements and the notes thereto
included in this Report under Item 1. “Financial Statements”.

Overview

We are a blank check company incorporated in the
Cayman Islands on January 13, 2025 formed for the purpose of effecting a Business Combination. We may pursue an acquisition opportunity
in any business or industry. We intend to effectuate our Business Combination using cash derived from the proceeds of the Initial Public
Offering and the sale of the Private Placement, our securities, debt or a combination of cash, securities and debt.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

We may seek to extend the Combination Period consistent
with applicable laws, regulations and stock exchange rules by amending our Amended and Restated Articles. Any such amendment would require
the approval of our Public Shareholders, who will be provided the opportunity to redeem all or a portion of their Public Shares in connection
with the vote on such approval. Such redemptions will decrease the amount held in our Trust Account and our capitalization, and may affect
our ability to maintain our listing on Nasdaq. In addition, the Nasdaq Rules currently require SPACs (such as us) to complete their initial
Business Combination in accordance with the Nasdaq 36-Month Requirement. If we do not meet the Nasdaq 36-Month Requirement, our securities
will likely be subject to a suspension of trading and delisting from Nasdaq. Our Sponsor may also, in its discretion, consider selling
its interest in our Company to another sponsor entity, which may result in a change to our Management Team.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities since January 13, 2025 (inception) through June 30, 2025 have been (i) organizational
activities and (ii) activities relating to (x) the Initial Public Offering, and (y) identifying and evaluating prospective acquisition
candidates and activities in connection with the initial Business Combination. We will not generate any operating revenues until after
completion of our initial Business Combination. We have generated non-operating income in the form of interest income on investments held
in the Trust Account after the Initial Public Offering. We expect to incur increased expenses as a result of being a public company