Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 53

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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WEN ACQUISITION CORP

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

Note 1 — Description of Organization
and Business Operations 

Wen Acquisition Corp (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on January 13, 2025. The Company was incorporated
for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses (the “Business Combination”). As of September 30, 2025, the Company had not entered
into a definitive agreement with any specific Business Combination target. The Company is an early-stage and emerging growth company and,
as such, the Company is subject to all of the risks associated with early-stage and emerging growth companies.

As of September 30, 2025, the Company had not
commenced any operations. All activities for the period from January 13, 2025 (inception) through September 30, 2025 relate to the
Company’s formation and the Initial Public Offering (as defined below), and subsequent to the Initial Public Offering, identifying
a target company and negotiating the terms of a Business Combination. The Company will not generate any operating revenue until after
the completion of its initial Business Combination, at the earliest. The Company generates non-operating income in the form of interest
income on cash and cash equivalents from the proceeds derived from the Initial Public Offering. The Company has selected December 31
as its fiscal year end.

The Company’s sponsor is Wen Sponsor LLC
(the “Sponsor”).

The Registration Statement on Form S-1 for the
Initial Public Offering, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2025 (File
No. 333-28682) was declared effective on May 15, 2025 (as amended, the “IPO Registration Statement”). On May 19, 2025, the
Company consummated the initial public offering of 30,015,000 units at $10.00 per unit (the “Units”), which is discussed
in Note 3, which included the full exercise of the Over-Allotment Option (as defined in Note 6) of 3,915,000 Units (the “Option
Units”), generating gross proceeds of $300