Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 74

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 from a particular country.
Consequently, the pool of potential target companies may be reduced, which could impair our ability to identify a suitable target and
to complete an initial Business Combination.  If we complete an initial Business Combination with such a target, the post-Business
Combination company’s operations and financial results could be adversely affected as a result of tariffs or changes to trade
policies, which may cause the market value of the securities of the post-Business Combination company to decline.

18

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

There were no sales of unregistered securities
during the quarterly period covered by this Report. However, subsequent to the quarterly period covered by this Report, on May 19, 2025,
the Company consummated the Initial Public Offering of 30,015,000 units at $10.00 per Units, which includes the full exercise of
the underwriters’ over-allotment option of 3,915,000 Units, generating gross proceeds of $300,150,000. Simultaneously with the
closing of the Initial Public Offering, we consummated the sale of an aggregate of 7,220,000 Private Placement Warrants to the Sponsor
and Cantor, generating gross proceeds of $7,220,000. Of those 7,220,000 Private Placement Warrants, the Sponsor purchased 4,610,000 Private
Placement Warrants and Cantor purchased 2,610,000 Private Placement Warrants.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of an aggregate of 7,220,000 Private Placement Warrants to the Sponsor and Cantor the
representative of the underwriters of the Initial Public Offering, generating gross proceeds of $7,220,000. Of those 7,220,000 Private
Placement Warrants, the Sponsor purchased 4,610,000 Private Placement Warrants and Cantor purchased 2,610,000 Private Placement Warrants.
Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share.

The Private Placement Warrants are identical
to the warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants are not transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions.

Of the gross proceeds received from the Initial
Public Offering and