Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 89

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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udited condensed financial statements. These accounting
estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. Management bases
its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results
of which form the basis for making judgments, and we evaluate these estimates on an ongoing basis. To the extent actual experience differs
from the assumptions used, our unaudited condensed financial statements and notes thereto included in this Report under Item 1. “Financial
Statements” could be materially affected. We believe that the following accounting policies involve a higher degree of judgment
and complexity. As of September 30, 2025, we did not have any critical accounting estimates to be disclosed.

24

Class A Ordinary
Shares Subject to Possible Redemption

We account for the Class
A Ordinary Shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480, “Distinguishing Liabilities
from Equity”. Class A Ordinary Shares subject to mandatory redemption (if any) are classified as liability instruments and
measured at fair value. Conditionally redeemable Class A Ordinary Shares (including Class A Ordinary Shares that feature redemption rights
that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our
control) are classified as temporary equity. At all other times, Class A Ordinary Shares are classified as shareholders’ equity.
All of the Public Shares feature certain redemption rights that are considered to be outside of our control and subject to the occurrence
of uncertain future events. Accordingly, Class A Ordinary Shares subject to possible redemption are presented at redemption value as temporary
equity, outside of the shareholders’ equity section of our unaudited condensed balance sheet included in this Report under Item
1. “Financial Statements”.

Net Income (Loss)
Per Ordinary Share

We comply with the accounting
and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per Ordinary Share is computed
by dividing net income (loss) applicable to shareholders by the weighted average number of Ordinary Shares outstanding for the applicable
periods. We apply the two-class method in calculating earnings per Ordinary Share and allocate net income (loss) pro rata to Class A Ordinary
Shares subject to possible redemption, nonredeemable Class A Ordinary Shares and Class B Ordinary Shares. Accretion associated with the
redeemable Class A Ordinary Shares is excluded from earnings per share