WEN Acquisition Corp (WENN) Form 10-Q — May 14, 2026
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.
Key figures
- Net Income
- 2491809
- Total Assets
- 311046666
- Cash Position
- 353152
- Shares Outstanding
- 30015000
- Working Capital
- 342943
- Trust Account Balance
- 310502077
- Class BShares Outstanding
- 7503750
- Deferred Underwriting Fee
- 14289750
- Public Warrants Outstanding
- 15007500
- Interest Income Trust Account
- 2718367
- General And Administrative Costs
- 226558
- Private Placement Warrants Outstanding
- 7220000
Price after filing
Close on the filing date to close N calendar days later (from $10.25). Historical, not a forecast.
AI analysis
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