Every 10-Q that Wen Acquisition Corp Unit (WENNU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WENNU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WENNU filings page.
Wen Acquisition Corp, a Cayman Islands SPAC focused on fintech infrastructure and digital-asset enablement, reported June 30, 2026 assets of $313.6 million, almost entirely in its Trust Account. The Trust held $313.3 million, or $10.44 per public share, invested mainly in Treasury-focused money market funds.
The company has not yet entered into a definitive Business Combination agreement and generates no operating revenue; net income of $5.1 million for the six months ended June 30, 2026 came almost entirely from Trust interest, partially offset by $0.4 million of general and administrative costs. Cash outside the Trust was $244,770, with working capital of $193,790, and management notes it may need Working Capital Loans or other financing to fund ongoing search and transaction expenses.
Public Class A shares are classified as temporary equity at redemption value, and a deferred underwriting fee of $14.3 million is payable upon completing a Business Combination. Management discloses that limited liquidity and the required liquidation date of May 19, 2027 raise substantial doubt about the company’s ability to continue as a going concern if no deal is completed within the Combination Period.
Wen Acquisition Corp, a SPAC focused on fintech infrastructure and digital assets, reported net income of $2,491,809 for the quarter ended March 31, 2026, driven by $2,718,367 of interest on its Trust Account and offset by $226,558 of general and administrative costs.
Total assets were $311,046,666, including $310,502,077 of cash and marketable securities in the Trust Account, or $10.34 per public share. The company has not yet identified a business combination target and discloses substantial doubt about its ability to continue as a going concern if no deal is completed by May 19, 2027.
Wen Acquisition Corp (Nasdaq: WENNU) filed its inaugural Form 10-Q covering the period from incorporation on January 13, 2025 through March 31, 2025. The company is a blank-check (SPAC) entity with no revenue-generating operations to date and is classified as a shell company under Rule 12b-2.
Balance sheet (3/31/25):
- Total assets: $94,824, comprised of $12,276 prepaid expenses and $82,548 deferred offering costs.
- Total liabilities: $113,768 (accounts payable & accrued expenses $420, accrued offering costs $26,098, related-party promissory note $87,250).
- Shareholder deficit: $(18,944), driven by accumulated deficit of $(43,944) offset by $25,000 of sponsor capital.
Operations: General & administrative expenses totaled $43,944, resulting in a net loss of the same amount, or $(0.01) per Class B share (basic and diluted).
Capitalization: As of the filing date the sponsor owned 7,503,750 Class B shares. Up to 978,750 of these were subject to forfeiture, but a subsequent event removed that contingency when the underwriters’ overallotment was fully exercised.
Subsequent event (May 19, 2025): The company consummated its IPO, issuing 30,015,000 units (including 3,915,000 from the overallotment). Post-IPO Class A shares outstanding equal the units sold, while Class B shares remain 7,503,750.
Regulatory status: The registrant indicated it has not filed all required Exchange Act reports during the preceding 12 months. It is an emerging-growth, non-accelerated, smaller-reporting company.
Liquidity & outlook: Pre-IPO cash is minimal; deferred offering costs and the related-party promissory note are expected to be repaid from IPO proceeds placed in trust. The company’s future activities will focus on identifying a business combination target.