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

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
---
    Net income 
     —  
     —  
     —  
     —  
     —  
     1,174,630  
     1,174,630 

    Balance – June 30, 2025 
     —  
    $—  
     7,503,750  
    $750  
    $—  
    $(13,225,409) 
    $(13,224,659)

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

WEN ACQUISITION CORP

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

FOR THE PERIOD FROM JANUARY 13, 2025 (INCEPTION)
THROUGH JUNE 30, 2025

    Cash Flows from Operating Activities: 

    Net income 
    $1,130,686 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Payment of general and administrative costs through promissory note 
     53,670 
  
    Payment of general and administrative costs through due to sponsor 
     5,455 
  
    Interest earned on cash and marketable securities held in Trust Account 
     (1,403,603)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (63,286)
  
    Prepaid insurance 
     (147,246)
  
    Accrued expenses 
     18,673 
  
    Net cash used in operating activities 
     (405,651)

    Cash Flows from Investing Activities: 

    Investment of cash into Trust Account 
     (300,150,000)
  
    Net cash used in investing activities 
     (300,150,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     294,929,999 
  
    Proceeds from sale of Private Placements Warrants 
     7,220,000 
  
    Repayment of IPO Promissory Note - related party 
     (300,000)
  
    Payment of offering costs 
     (373,039)
  
    Net cash provided by financing activities 
     301,476,960 

    Net Change in Cash 
     921,309 
  
    Cash –