Saba Capital reports 713,222 WEN Acquisition (WENN) shares in 13G/A update

Rhea-AI Filing Summary

Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein report beneficial ownership of WEN Acquisition Corp common shares. The group holds 713,222 common shares with shared voting and dispositive power and no sole voting or dispositive power.

This position represents 2.38% of WEN Acquisition Corp’s common shares, based on 30,015,000 shares outstanding as of May 14, 2026, as reported by the issuer. The reporting persons state they are filing jointly under a Joint Filing Agreement and note that ownership is below the 5% threshold for the class.

Key Figures

Shares beneficially owned: 713,222 shares Ownership percentage: 2.38% Shares outstanding baseline: 30,015,000 shares +2 more

5 metrics

Shares beneficially owned 713,222 shares Common Shares of WEN Acquisition Corp reported by each reporting person

Ownership percentage 2.38% Portion of WEN Acquisition Corp common shares beneficially owned by the reporting persons

Shares outstanding baseline 30,015,000 shares Shares of WEN Acquisition Corp outstanding as of May 14, 2026, from issuer’s 10-Q

Amendment number Amendment No. 5 Amendment sequence for the Schedule 13G filing on WEN Acquisition Corp

Filing signature date 08/13/2026 Dates on which Michael D'Angelo signed in authorized capacities

Key Terms

beneficial owner, Schedule 13G, Joint Filing Agreement, shared voting power, +2 more

6 terms

beneficial owner financial

"the beneficial owner of the Common Stock reported herein"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Schedule 13G regulatory

"agreed to file this statement and any subsequent amendments hereto jointly"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Joint Filing Agreement regulatory

"have entered into a Joint Filing Agreement, dated May 22, 2025"

shared voting power financial

"Shared Voting Power 713,222.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 713,222.00"

Power of Attorney regulatory

"Pursuant to a Power of Attorney dated as of November 16, 2015"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

What percentage of WEN Acquisition Corp (WENN) does Saba Capital currently report owning?

Saba Capital and related reporting persons report beneficial ownership of 2.38% of WEN Acquisition Corp’s common shares, based on 30,015,000 shares outstanding as of May 14, 2026, as disclosed in the issuer’s quarterly report.

How many WEN Acquisition Corp (WENN) shares are beneficially owned by Saba Capital?

The reporting group lists beneficial ownership of 713,222 WEN Acquisition Corp common shares. All of these shares are subject to shared voting and dispositive power, with no sole voting or dispositive authority reported by any of the reporting persons.

Why is Saba Capital’s WEN Acquisition Corp (WENN) holding described as under 5%?

The filing states ownership of 2.38% of WEN Acquisition Corp’s common shares. An item notes “Ownership of 5 percent or less of a class,” indicating the position has fallen below the 5% beneficial ownership reporting threshold for this type of disclosure.

Who are the reporting persons in the WEN Acquisition Corp (WENN) Schedule 13G/A?

The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. They have entered into a Joint Filing Agreement to file this and any subsequent amendments together under Rule 13d-1(k)(1).

On what share count is Saba Capital’s 2.38% WEN Acquisition Corp (WENN) stake based?

The 2.38% beneficial ownership figure is calculated using 30,015,000 WEN Acquisition Corp common shares outstanding as of May 14, 2026, as reported in the company’s Form 10-Q referenced in the ownership calculation footnote.

What voting power does Saba Capital report for its WEN Acquisition Corp (WENN) shares?

The reporting persons show 0 shares with sole voting power and 713,222 shares with shared voting power. They likewise report no sole dispositive power and shared dispositive power over the same 713,222 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 04:27 PM Accepted by SEC EDGAR 08/13/2026 - 04:26 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

WEN Acquisition Corp

(Name of Issuer)

Common Shares, par value $0.0001

(Title of Class of Securities)

G9R39C111

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G9R39C111

1

Names of Reporting Persons

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 713,222.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 713,222.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

713,222.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.38 %

12

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person: The denominator of the fraction upon which the percentages are calculated is based on 30,015,000 Shares outstanding as of May 14, 2026 as reported on the Issuer's 10-Q filed with the Securities and Exchange Commission on May 14, 2026.

SCHEDULE 13G

CUSIP Number(s): G9R39C111

1

Names of Reporting Persons

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 713,222.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 713,222.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

713,222.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.38 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The denominator of the fraction upon which the percentages are calculated is based on 30,015,000 Shares outstanding as of May 14, 2026 as reported on the Issuer's 10-Q filed with the Securities and Exchange Commission on May 14, 2026.

SCHEDULE 13G

CUSIP Number(s): G9R39C111

1

Names of Reporting Persons

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 713,222.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 713,222.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

713,222.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.38 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The denominator of the fraction upon which the percentages are calculated is based on 30,015,000 Shares outstanding as of May 14, 2026 as reported on the Issuer's 10-Q filed with the Securities and Exchange Commission on May 14, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WEN Acquisition Corp
(b)	Address of issuer's principal executive offices: 180 Grand Avenue, Suite 1530, Oakland, CALIFORNIA 94612
Item 2.
(a)	Name of person filing: Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"), Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"), and Mr. Boaz R. Weinstein (together, the "Reporting Persons"). The Reporting Persons have entered into a Joint Filing Agreement, dated May 22, 2025, pursuant to which the Reporting Persons have agreed to file this statement and any subsequent amendments hereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any of the forgoing persons or the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	Citizenship: Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
(d)	Title of class of securities: Common Shares, par value $0.0001
(e)	CUSIP No.: G9R39C111
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a) - (c) is set forth in Rows (5) - (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(b)	Percent of class: Not Applicable
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Not Applicable
	(ii) Shared power to vote or to direct the vote: Not Applicable
	(iii) Sole power to dispose or to direct the disposition of: Not Applicable
	(iv) Shared power to dispose or to direct the disposition of: Not Applicable
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	08/13/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	08/13/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	08/13/2026

Comments accompanying signature: *** Pursuant to a Power of Attorney dated as of November 16, 2015