Company: WENNU
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001213900-25-059037
Chunk: 5

Company: WEN Acquisition Corp
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 However, the Company will only complete a Business Combination
if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise
acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able
to successfully effect a Business Combination.

Following the closing of the Initial Public Offering
on May 19, 2025, an amount of $300,150,000 ($10.00 per Unit) from the net proceeds of the sale of the Units and the sale of the Private
Placement Warrants, are held in a Trust Account (the “Trust Account”) with Continental Stock Transfer & Trust Company
acting as trustee, and will be invested only in U.S. government treasury obligations with a maturity of 185 days or less or
in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct
U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose
of facilitating the intended business combination. To mitigate the risk that the Company might be deemed to be an investment company for
purposes of the Investment Company Act, which risk increases the longer that the Company holds investments in the Trust Account, the Company
may, at any time (based on the management team’s ongoing assessment of all factors related to the Company’s 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. Except with respect to interest earned
on the funds held in the Trust Account that may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public
Offering and the sale of the Private Placement Warrants will not be released from the Trust Account until the earliest of (i) the
completion of the Company’s initial Business Combination, (ii) the redemption of the Company’s public shares if the Company
is unable to complete the initial Business Combination within 24 months from the closing of the Initial Public Offering or by such earlier
liquidation date as the Company’s board of directors may approve (the “Completion Window”), subject to