Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 21

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 capital markets, as well as supply chain interruptions and increased
cyberattacks against U.S. companies. Additionally, any resulting sanctions could adversely affect the global economy and financial
markets and lead to instability and lack of liquidity in capital markets.

Any of the above mentioned factors, or any other
negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine,
the Israel-Hamas conflict and subsequent sanctions or related actions, could adversely affect the Company’s search for an initial
business combination and any target business with which the Company may ultimately consummate an initial business combination.

Registration Rights

The holders of the founder shares, Private Placement
Warrants and the Class A ordinary shares issuable upon exercise of such Private Placement Warrants and warrants that may be issued
upon conversion of the Working Capital Loans have registration rights to require the Company to register a sale of any of the Company’s
securities held by them and any other securities of the Company acquired by them prior to the consummation of the initial Business Combination
pursuant to a registration rights agreement signed prior to the effective date of the Initial Public Offering. The holders of these securities
are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, the holders
have certain piggyback registration rights with respect to registration statements filed subsequent to the completion of the initial Business
Combination. In addition, Cantor Fitzgerald & Co. may participate in a piggyback registration only during the seven-year period
beginning on the effective date of the Initial Public Offering. The Company will bear the expenses incurred in connection with the filing
of any such registration statements.

Underwriters’ agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,915,000 units to cover over-allotments, if any. On May 19,
2025, simultaneously with the closing of the Initial Public Offering, the underwriters elected to fully exercise the over-allotment option
to purchase the additional 3,915,000 Units at a price of $10.00 per Unit.

The underwriters were entitled to a cash underwriting
discount of $5,220,000 (2.0% of the gross proceeds of the units offered in the Initial Public Offering, excluding any proceeds from units
sold pursuant to the underwriters’ over-allotment option), which was paid at the closing