Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 13

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 presented on the accompanying unaudited condensed balance sheet at
fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust
Account are included in interest earned on cash and marketable securities held in Trust Account in the accompanying 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 September 30, 2025,
and for the period from January 13, 2025 (inception) through September 30, 2025, the Company recorded $3,259,210 and $4,662,813, respectively,
of interest earned from the Trust Account in the accompanying unaudited condensed statements of operations. For the three months ended
September 30, 2025, and for the period from January 13, 2025 (inception) through September 30, 2025, the Company did not withdraw any
interest earned in the Trust Account.

Fair Value of Financial Instruments

The fair value of the Company’s assets and
liabilities, which qualify as financial instruments under FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates
the carrying amounts represented in the accompanying unaudited condensed balance sheet, primarily due to its short-term nature.

Concentration of Credit Risk

Financial instruments that potentially subject
the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal
Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could have a significant
adverse impact on the Company’s financial condition, results of operations, and cash flows. 

Offering Costs Associated with the Initial
Public Offering

The Company complies with the requirements of
the FASB ASC Topic 340-10-S99, “Other Assets and Deferred Costs - SEC Materials”, and SEC Staff Accounting Bulletin Topic
5A, “Expenses of Offering.” Deferred offering costs consist principally of professional and registration fees that are related
to the Initial Public Offering. FASB ASC Topic 470-20, “Debt with Conversion and Other Options,” addresses the allocation
of proceeds from the issuance of convertible debt into its equity and debt components. The Company applies this guidance to allocate Initial
Public Offering proceeds from the Units between Public Shares and Public Warrants, using the residual method by allocating Initial Public
Offer