Company: WENNU
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037753
Chunk: 177

Company: WEN Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 177
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 could contain covenants that restrict our operations. Further, as described above, due to the anti -dilutionrights of our founder shares, our public shareholders may incur material dilution. In addition, we intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering and the sale of the private placement warrants, and, as a result, if the cash portion of the purchase price exceeds the amount available from the trust account, net of amounts needed to satisfy any redemptions by public shareholders, we may be required to seek additional financing to complete such proposed initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our working capital needs and transaction costs in connection with our search for and completion of our initial business combination. There is no limitation on our ability to raise funds through the issuance of equity or equity -linkedsecurities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into following consummation of this offering. Subject to compliance with applicable securities laws, we would only complete such financing simultaneously with the completion of our initial business combination. If we are unable to complete our initial business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account. In addition, following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations. Sponsor Information Our sponsor is a Delaware limited liability company, which was formed to invest in our company. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. Ryan Gilbert and Shami Patel, our advisors, are the managing members of Wen Management Sponsor LLC (“WMS”), the sole managing member of our sponsor and hold voting and investment discretion with respect to the ordinary shares held of record by the sponsor. All of our directors, officers and advisors are members of WMS. Assuming the overallotment is exercised in full, our officers, directors and advisors will collectively receive an indirect interest in approximately 59.4% of the founder shares held by our sponsor and approximately 17.4% of the private placement warrants held by our sponsor through membership interests in WMS. Other third -partyaccredited investors own an indirect interest in approximately 40.6% of the founder shares held by our sponsor