Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 67

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 in any business or industry. We intend to effectuate our Business Combination using
cash derived from the proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, our shares, debt or a combination
of cash, shares and debt.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

In 2024, the SEC adopted additional rules and
regulations relating to special purpose acquisition companies (“SPACs”). The SEC adopted certain rules and regulations for
SPACs on January 24, 2024, which became effective on July 1, 2024 (the “2024 SPAC Rules”). The 2024 SPAC Rules require, among
other matters, (i) additional disclosures relating to SPAC sponsors and related persons; (ii) additional disclosures relating to SPAC
Business Combination transactions; (iii) additional disclosures relating to dilution and to conflicts of interest involving sponsors
and their affiliates in connection with proposed Business Combination transactions; (iv) additional disclosures regarding projections
included in SEC filings in connection with proposed Business Combination transactions; and (v) the requirement that both the SPAC
and its target company be co-registrants in connection with registration statements relating to proposed Business Combination transactions.
In addition, the SEC’s adopting release provided guidance describing circumstances in which a SPAC could become subject to regulation
under the Investment Company Act, including its duration, asset composition, business purpose, and the activities of the SPAC and its
management team. The 2024 SPAC Rules may materially affect our ability to negotiate and complete our initial Business Combination and
may increase the costs and time related thereto.

We may seek to extend the Completion Window consistent
with applicable laws, regulations and stock exchange rules by amending our Amended and Restated Articles. Such an amendment would require
the approval of our public shareholders, who will be provided the opportunity to redeem all or a portion of their Public Shares in connection
with the vote on such approval. Such redemptions will decrease the amount held in our Trust Account and our capitalization, and may affect
our ability to maintain our listing on Nasdaq. In addition, the Nasdaq Rules currently require SPACs (such as us) to complete their initial
business combination in accordance with the Nasdaq 36-Month Requirement. If we do not meet the Nasdaq 36-Month Requirement, our securities