Wen Acquisition Corp Class A Ordinary Shares

WENN: 10-Q · periodic report

Wen Acquisition Corp reported a net income of $2.49 million for the quarter ended March 31, 2026, driven primarily by $2.72 million in interest earned on its trust account. The company holds approximately $310.5 million in the trust account and $353,000 in operating cash, with no operating revenue generated as it has not yet completed a business combination. The filing includes a going concern warning, noting substantial doubt about the company's ability to continue operations if it fails to complete a business combination by May 19, 2027. This is standard disclosure for pre-deal SPACs but highlights the binary nature of the investment. No material changes in risk factors or significant corporate events were reported. The company continues to incur general and administrative costs of approximately $226,000 for the quarter, primarily related to maintaining its public company status and searching for a target.

SEC 10-Q•5mo ago