Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 71

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 or more future confirming events. Accordingly, the actual results could differ significantly
from those estimates. 

Cash and Cash Equivalents

The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had cash of $921,309 and did not
have any cash equivalents as of June 30, 2025.

Cash and Marketable Securities Held in Trust
Account

At June 30, 2025, substantially all of the assets
held in the Trust Account amounting to $301,553,603 were held in U.S. government securities. At June 30, 2025, the Company’s portfolio
of investments held in the Trust Account was comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16)
of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government
securities, or a combination thereof. The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity in accordance
with FASB ASC Topic 320, “Investments - Debt and Equity Securities.” Held-to-maturity securities are those securities which
the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on
the accompanying unaudited condensed balance sheet and adjusted for the amortization or accretion of premiums or discounts. Gains and
losses resulting from the change in fair value of investments held in the Trust Account are included in unrealized gain (loss) on marketable
securities held in the Trust Account in the accompanying unaudited condensed statements of operations. The estimated fair values of investments
held in the Trust Account are determined using available market information.

For the three months ended June 30, 2025 and for the period from January
13, 2025 (inception) through June 30, 2025, the Company recorded $1,403,603 of interest earned from Trust Account, in the accompanying
unaudited condensed statements of operations. For the three months ended June 30, 2025, the Company did not withdraw any interest earned
in the Trust Account.

8

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Fair Value of Financial Instruments

The fair value