Company: WENNU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109353
Chunk: 84

Company: WEN Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 2025 (inception)
through September 30, 2025, we had net income of $4,131,674, which consists of interest earned on marketable securities held in Trust
Account of $4,662,813, offset by general and administrative costs of $531,139.

Liquidity, Capital Resources and Going Concern

Following the Initial Public Offering, including
the full exercise of the Over-Allotment Option, and the Private Placement, a total of $300,150,000 was initially placed in the Trust Account.
We incurred transaction costs amounting to $20,196,742, consisting of $5,220,000 of cash underwriting fee, the Deferred Fee of $14,289,750,
and $686,992 of other offering costs.

For the period from January 13, 2025 (inception)
through September 30, 2025, cash used in operating activities was $564,099. Net income of $4,131,674 was affected by payment of operation
costs through the IPO Promissory Note of $53,670, payment of operation costs through due to the Sponsor of $5,455, interest earned on
marketable securities held in Trust Account of $4,662,813. Changes in operating assets and liabilities used $92,085 of cash for operating
activities.   

As of September 30, 2025, we had cash and marketable
securities held in the Trust Account of $304,812,813 (including approximately $4,662,813 of interest income) was held in money market
funds, which are invested primarily in Treasury securities.

As of September 30, 2025, we had cash and marketable
securities held in the Trust Account of approximately $304,812,813 (including approximately $4,662,813 of interest income) was held in
money market funds, which are invested primarily in Treasury securities. We may withdraw interest from the Trust Account to pay taxes,
if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned
on the Trust Account (which intertest shall be net of taxes payable, if any, and exclude the Deferred Fee) to complete our Business Combination.
To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the
remaining proceeds held in the Trust Account will be used as working