Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 61

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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or Fitzgerald & Co. may participate in a piggyback registration only during the seven-year period
beginning on the effective date of the Initial Public Offering. The Company will bear the expenses incurred in connection with the filing
of any such registration statements.

Underwriters’ agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,915,000 units to cover over-allotments, if any. On May 19,
2025, simultaneously with the closing of the Initial Public Offering, the underwriters elected to fully exercise the over-allotment option
to purchase the additional 3,915,000 Units at a price of $10.00 per Unit.

The underwriters were entitled to a cash underwriting
discount of $5,220,000 (2.0% of the gross proceeds of the units offered in the Initial Public Offering, excluding any proceeds from units
sold pursuant to the underwriters’ over-allotment option), which was paid at the closing of the Initial Public Offering. Additionally,
the underwriters are entitled to a deferred underwriting discount of 4.50% of the gross proceeds of the Initial Public Offering held in
the Trust Account other than those sold pursuant to the underwriters’ over-allotment option and 6.50% of the gross proceeds sold
pursuant to the underwriters’ over-allotment option, $14,289,750 in the aggregate upon the completion of the Company’s initial
Business Combination subject to the terms of the underwriting agreement.

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. As of March 31, 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. As of March 31, 2025,
there were no Class A ordinary shares issued or outstanding.

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