Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 67

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 dated May 15, 2025 (the “Letter Agreement”), pursuant to which they have agreed to
(i) waive their redemption rights with respect to their Founder Shares (as defined in Note 5) and Public Shares in connection with (x)
the completion of the initial Business Combination or an earlier redemption in connection with the commencement of the procedures to consummate
the initial Business Combination if the Company determines it is desirable to facilitate the completion of the initial Business Combination
and (y) a shareholder vote to approve an amendment to the Amended and Restated Articles to modify (1) the substance or timing of the Company’s
obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Public Shares if the Company
has not consummated an initial Business Combination within the Combination Period or (2) any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity; (ii) waive their rights to liquidating distributions from the Trust Account
with respect to their Founder Shares if the Company fails to complete the initial Business Combination within the Combination Period,
although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the
Company fails to complete the initial Business Combination within the Combination Period and to liquidating distributions from assets
outside the Trust Account; and (iii) vote any Founder Shares held by them and any Public Shares purchased during or after the Initial
Public Offering (including in open market and privately negotiated transactions, aside from shares they may purchase in compliance with
the requirements of Rule 14e-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which would not
be voted in favor of approving the Business Combination) in favor of the initial Business Combination.

The Sponsor has agreed that it will be liable
to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective
target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or Business
Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the
actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per
share due to reductions in the value of the trust assets, less