Company: WENNU
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037753
Chunk: 169

Company: WEN Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 169
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 dollar stablecoins has grown to $215billion in February 2025 and total monthly transfer volumes of U.S. dollar stablecoins was approximately $5 trillion in December 2024. Our management team believes there is a robust pipeline of platform and infrastructure companies that are generating significant returns by enabling this digital dollar economy by providing infrastructure for wallets, security, user interfaces, compliance and reporting. 107 Our management team also believes that the recent change in administration will facilitate regulatory clarity that will drive additional growth and innovation in this sector. New leadership in the U.S. financial regulatory agencies have signaled a supportive and collaborative approach towards new technologies in financial services generally and specifically pointed to the need for the United States to lead in digital assets innovation. Certain of our directors are associated with Solana, a non -profitfoundation based in Zug, Switzerland, dedicated to the decentralization, adoption, and security of the Solana blockchain ecosystem, which is a blockchain platform with a market cap that exceeded $100 billion in February 2025. We believe that this association may provide introductions to key management of companies and investors with which Solana has relationships and other potential sources of business combination targets. We believe that the broad experience of our combined team will enable us to explore a wide range of potential acquisition targets meeting our target characteristics. We are confident that this team has the skills, experience and relationships needed to source and execute our initial business combination at a favorable valuation and then create value in businesses that we acquire. In addition to leveraging the contacts and relationships held by our team to identify attractive acquisition opportunities, we will also benefit from the long -standingrelationships held by members of the Solana team, some of which are our directors and some of which are indirect owners of our founder shares and private placement warrants through our sponsor. With a proven track record in identifying SPAC targets and the ability to originate deals across venture and private equity funded platforms along with self -fundedorganizations, we believe we are in a unique position to take advantage of the robust pipeline of high quality SPAC merger partners. However, we expect to encounter intense competition from other entities having a business objective similar to ours, including private investors (which may be individuals or investment partnerships), other SPACs and other entities competing for the types of businesses we intend to acquire. In recent years, the number of SPACs that have been formed has increased substantially. Because there are more SPACs seeking to enter into an initial business combination with available targets, the competition for available targets with attractive fundamentals or business models