Company: WENNU
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037753
Chunk: 236

Company: WEN Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 236
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 exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Our sponsor and Cantor Fitzgerald & Co., the representative of the underwriters of this offering, have committed to, pursuant to written agreements, purchase an aggregate of 7,220,000 private placement warrants (whether or not the underwriters’ over -allotmentoption is exercised in full), each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per warrant, or $7,220,000 in the aggregate, in a private placement that will close simultaneously with the closing of this offering. Of those 7,220,000 private placement warrants, our sponsor has agreed to purchase 4,610,000 warrants (whether or not the underwriters’ over -allotmentoption is exercised in full) and Cantor Fitzgerald & Co. has agreed to purchase 2,610,000 warrants (whether or not the underwriters’ over -allotmentoption is exercised in full). The private placement warrants will be identical to the warrants sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement warrants (i) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (ii) will be entitled to registration rights and (iii) with respect to private placement warrants held by Cantor Fitzgerald & Co., will not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). Prior to or in connection with the completion of our initial business combination, there may be payment by the company to our sponsor, officers, directors, advisors or their respective affiliates a finder’s fee, advisory fee, consulting fee or success fee in order to effectuate the completion of our initial business combination, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account. We will reimburse an affiliate