Company: WENNU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076650
Chunk: 118

Company: WEN Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 118
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 from trading and delist our securities, our securities could potentially
be quoted on an over-the-counter market. Even if our securities are then quoted on an over-the-counter market, our Nasdaq suspension and
delisting could have significant material adverse consequences, including:

●making our securities appear to be less attractive to potential target companies than the securities of an exchange listed SPAC;

●limited availability of market quotations for our securities;

●reduced liquidity for our securities;

●the possibility that our Class A Ordinary Shares would be deemed “penny stock,” which will require brokers trading in
our Class A Ordinary Shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary
trading market for our securities;

●limited news and analyst coverage; and

●decreased ability to issue additional securities or obtain additional financing in the future.

22

In addition, if our securities are delisted from
Nasdaq, trading in our securities, and offers and sales of our securities by us, may be subject to state securities regulation and additional
compliance costs.

The share price of the post-Business Combination
company may be less than the Redemption Price (as defined below) of our Public Shares. 

Each Unit sold in our Initial Public Offering
at an offering price of $10.00 per Unit consisted of one Public Share and one-half of one Public Warrant. Of the proceeds we received
from the Initial Public Offering and the Private Placement, $300,150,000 was placed in our Trust Account. We will provide our Public Shareholders
the opportunity to redeem all or a portion of their Public Shares in connection with the completion of our initial Business Combination,
and potentially upon the occurrence of certain other events prior to our initial Business Combination. We expect that the pro rata redemption
price in any redemption will be approximately $10.05 per Public Share as of June 30, 2024 (before taxes payable, if any, and such amount,
the “Redemption Price”), representing a pro rata portion of our Trust Account without taking into account any interest or
other income earned on such funds (less any withdrawals from such interest or income for taxes paid), although the Redemption Price may
be less in certain circumstances. As a result, Public Shareholders who own our Public Shares on a redemption date can anticipate receiving
the Redemption Price in connection with a redemption for each Public Share that they choose to redeem.

There can be no assurance that, after our initial
Business Combination,