Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 81

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 underwriters
elected to fully exercise the Over-Allotment Option to purchase the additional 3,915,000 Option Units at a price of $10.00 per Option
Unit.

The underwriters were entitled to a cash underwriting
discount of $5,220,000 (2.0% of the gross proceeds of the Units in the Initial Public Offering, excluding any proceeds from Option Units
sold pursuant to the Over-Allotment Option), which was paid at the closing of the Initial Public Offering. Additionally, the underwriters
are entitled to a deferred underwriting fee of 4.50% of the gross proceeds of the Initial Public Offering held in the Trust Account other
than those sold pursuant to the Over-Allotment Option and 6.50% of the gross proceeds sold pursuant to the Over-Allotment Option, $14,289,750
in the aggregate upon the completion of the initial Business Combination subject to the terms of the underwriting agreement, dated May
15, 2025 (such fee, the “Deferred Fee”).

Note 7 — Shareholders’
Deficit

Preference Shares

The Company is authorized to issue a total of
5,000,000 preference shares at par value of $0.0001 each. At June 30, 2025, there were no preference shares issued or outstanding.

Class A Ordinary Shares

 The Company is authorized to issue a total
of 500,000,000 Class A Ordinary Shares at par value of $0.0001 each. At June 30, 2025, there were no Class A Ordinary Shares
issued or outstanding, excluding 30,015,000 shares subject to possible redemption.

13

WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Class B Ordinary Shares

The Company is authorized to issue a total of
50,000,000 Class B Ordinary Shares at par value of $0.0001 each. On January 13, 2025, the Company issued 5,750,000 Class B
Ordinary Shares to the Sponsor for $25,000, or approximately $0.004 per share. On April 28, 2025 and on April 29, 2025, the Company, through
a share capitalization, issued the Sponsor an additional 575,000 and