Company: WENNU
Filing Date: 2025-03-28
Form Type: DRS/A
Source: 0001013762-25-004273
Chunk: 215

Company: WEN Acquisition Corp
Filing Date: 2025-03-28
Form: DRS/A
Chunk 215
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 has no material relationship with the listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Upon the commencement of trading of our units on Nasdaq, we expect to have three “independent directors” as defined in Nasdaq rules and applicable SEC rules prior to completion of this offering. Our board of directors expects to determine that Mr. Fried, Mr. Shere and Mr. Glover are “independent directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. 141 Executive Officer and Director Compensation None of our executive officers or directors have received any cash compensation for services rendered to us. We are not prohibited from paying any fees (including advisory fees), reimbursements or cash payments to our sponsor, officers or directors, or our or their affiliates, for services rendered to us prior to or in connection with the completion of our initial business combination, including the following payments, all of which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account: •Repayment of up to an aggregate of $300,000 in loans made to us by our sponsor to cover offering -relatedand organizational expenses; •Reimbursement for office space, utilities and secretarial and administrative support made available to us by Launchpad Capital Management Company LLC, an affiliate of our sponsor, in an amount equal to $12,500 per month; •Payment of consulting, success or finder fees to our sponsor, officers, directors, advisors or their respective affiliates in connection with the consummation of our initial business combination; •We may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions and pay such person or entity a fee in an amount that constitutes a market standard for comparable transactions; •Reimbursement for any out -of -pocketexpenses related to identifying, investigating, negotiating and completing an initial business combination; and •Repayment of loans which may be made by our sponsor or an affiliate of our sponsor or certain of our officers and directors to finance transaction costs in connection with an intended initial business combination. Up to $1,500,000 of such loans may be convertible into private placement warrants of the post -businesscombination entity at a price of $1.00 per warrant at the option of the lender. Such warrants would be identical to the private placement warrants. Except for the foregoing