Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 17

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 enter into a Business Combination. However, the Company will only complete a Business Combination if the
post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires
a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company
Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully
effect a Business Combination.

Upon the closing of the Initial Public Offering
on May 19, 2025, an amount of $300,150,000 ($10.00 per Unit) from the net proceeds of the Initial Public Offering, and the Private Placement,
are held in a Trust Account (the “Trust Account”) and will initially be invested only in U.S. government treasury obligations
with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment
Company Act which invest only in direct U.S. government treasury obligations; the holding of these assets in this form is intended
to be temporary and for the sole purpose of facilitating the intended business combination. To mitigate the risk that the Company might
be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that the Company holds
investments in the Trust Account, the Company may, at any time (based on the Management team’s ongoing assessment of all factors
related to the Company’s potential status under the Investment Company Act), instruct the trustee to liquidate the investments held
in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest bearing demand deposit account at a
bank. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its taxes,
if any, the proceeds from the Initial Public Offering and the Private Placement will not be released from the Trust Account until the
earliest of (i) the completion of the initial Business Combination, (ii) the redemption of the Public Shares if the Company
is unable to complete the initial Business Combination by May 19, 2027 or by such earlier liquidation date as the Company’s board
of directors may approve (the “Combination Period”), subject to applicable law, or (iii) the redemption of the Public
Shares properly submitted in connection with a shareholder vote to amend