Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 65

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 8
Chunk 65
---
 following:

    For the period
    
    from
 January 13, 
    2025 (inception) 
    through 
March 31, 2025 
  
    General and administrative costs 
    $43,944 

General and administrative costs are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar
transaction within the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported
on the statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

NOTE 9. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date that the unaudited condensed financial statements were issued. Based upon
this review, other than as noted below, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the unaudited condensed financial statements.

On April 28, 2025 and on April 29, 2025, the Company,
through a share capitalization, issued the Sponsor an additional 575,000 and 1,178,750 Class B ordinary shares, respectively, as a result
of which the Sponsor has purchased and holds an aggregate of 7,503,750 Class B ordinary shares. All share and per share data have been
retrospectively presented.

On May 19, 2025, the Company consummated its
Initial Public Offering of 30,015,000 Units, including 3,915,000 Units issued pursuant to the exercise in full by the underwriters of
their over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share, and one-half
of one redeemable warrant of the Company, with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share
for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $300,150,000.

Simultaneously with the closing of the Initial
Public Offering, the Company completed the Private Placement of an aggregate of 7,220,000 Private Placement Warrants, with each Private
Placement Warrant exercisable to purchase one Class A ordinary share at