Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 111

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 111
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36-Month Requirement. If we do not meet the Nasdaq 36-Month Requirement, our securities
will likely be subject to a suspension of trading and delisting from Nasdaq. Our Sponsor may also, in its discretion, consider selling
its interest in our Company to another sponsor entity, which may result in a change to our Management Team.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities since January 13, 2025 (inception) through June 30, 2025 have been (i) organizational
activities and (ii) activities relating to (x) the Initial Public Offering, and (y) identifying and evaluating prospective acquisition
candidates and activities in connection with the initial Business Combination. We will not generate any operating revenues until after
completion of our initial Business Combination. We have generated non-operating income in the form of interest income on investments held
in the Trust Account after the Initial Public Offering. We expect to incur increased expenses as a result of being a public company (for
legal, financial reporting, accounting and auditing compliance, among other things), as well as for due diligence expenses.

For the three months ended June 30, 2025, we had
a net income of $1,174,630, which consists of interest earned on marketable securities held in Trust Account of $1,403,603, offset by
general and administrative costs of $228,973.

For the period from January 13, 2025 (inception)
through June 30, 2025, we had a net income of $1,130,686, which consists of interest earned on marketable securities held in Trust Account
of $1,403,603, offset by general and administrative costs of $272,917.

18

Liquidity and Capital Resources

The Sponsor agreed to loan us an aggregate of
up to $300,000 to be used for a portion of the expenses of the Initial Public Offering pursuant to the IPO Promissory Note. The loan was
non-interest bearing, unsecured and due at the earlier of December 31, 2025, or the closing of the Initial Public Offering. We had no
borrowings under the IPO Promissory Note as of June 30, 2025, and the IPO Promissory Note is no longer available to be drawn upon.

On May 19, 2025, we consummated the Initial Public
Offering of