Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 121

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 121
---
 a maturity of 185 days or less or in money market funds investing solely
in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under the Investment Company Act. To mitigate the
risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that
we hold investments in the Trust Account, we may, at any time (based on the Management Team’s ongoing assessment of all factors
related to the potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the Trust
Account and instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

The
remaining proceeds from the Initial Public Offering and the Private Placement are held outside the Trust Account. Such funds are
being used primarily to enable us to identify a target and to negotiate and consummate our initial Business Combination.

There has been no material
change in the planned use of the proceeds from our Initial Public Offering and the Private Placement as described in the IPO Registration
Statement. The specific investments in our Trust Account may change from time to time.

Purchases of Equity
Securities by the Issuer and Affiliated Purchasers

None.

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

Trading Arrangements

During the quarterly period ended June 30, 2025,
none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted or terminated any “Rule
10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of
Regulation S-K.

Additional Information

None.

24

Item 6. Exhibits.

The following exhibits are filed as part of, or
incorporated by reference into, this Report.

    No.
     
    Description of Exhibit
  
    1.1
     
    Underwriting Agreement, dated May 15, 2025, by and between the Company and Cantor, as representative of the several underwriters. (1)
  
    3.1
     
    Amended and Restated Memorandum and Articles of Association of the Company. (1)
  
    4.1
     
    Warrant Agreement, dated May 15