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Wen Acquisition Corp has announced the pricing of its IPO of 26.1 million units at $10.00 per unit, totaling $261 million. Trading will commence on Nasdaq under "WENNU" on May 16, 2025. Each unit comprises one Class A ordinary share and half a redeemable warrant, with whole warrants allowing purchase of shares at $11.50.
The company is a blank check company primarily targeting infrastructure companies in the fintech sector, specifically those enabling digital assets and blockchain integration into traditional financial systems. The management team is led by CEO Julian M. Sevillano and CFO Jurgen van de Vyver. Cantor Fitzgerald & Co. serves as the sole book-running manager, with underwriters having a 45-day option to purchase up to 3,915,000 additional units.
