Schedule 13G/A: Harraden Group Reports Nearly 10% Position in WEN Acquisition

Rhea-AI Filing Summary

Harraden Circle disclosed beneficial ownership of 2,999,951 shares of WEN Acquisition Corp Class A common stock, equal to 9.99% of the class. The shares are held across multiple Harraden-managed funds and reported collectively by Harraden entities and Frederick V. Fortmiller, Jr.

The filing indicates shared voting and shared dispositive power over the reported shares and shows no sole voting or sole dispositive power claimed by any reporting person. The statement also certifies the securities were not acquired to change or influence control of the issuer.

Positive

• Clear disclosure of aggregate ownership: 2,999,951 shares representing 9.99% of the class
• Reporting transparency across Harraden entities and the named individual, identifying ownership relationships
• Shared voting and dispositive power is explicitly stated, reducing ambiguity about unilateral control

Negative

• No sole voting or dispositive power is reported, indicating the group does not claim unilateral control
• Stake sits just below 10%, a threshold that can be material for certain regulatory or investor-triggered actions

Insights

Financial Analyst

Harraden discloses a material, near-10% stake in WEN, held across funds with shared control.

From an investment perspective, a 9.99% aggregate position is large enough to be material to investors but sits just below many regulatory and shareholder thresholds that trigger alternative disclosure obligations or presumptions of control. The filing shows 2,999,951 shares and 9.99% ownership, with all voting and dispositive power reported as shared rather than sole. That structure suggests centralized influence via the advisory and GP chain rather than ownership by a single account. This is a transparent disclosure that clarifies economic exposure without asserting unilateral control.

Corporate Governance Expert

Significant concentrated stake disclosed, with governance influence shared among Harraden entities and the named manager.

The schedule identifies multiple Harraden entities and Frederick V. Fortmiller, Jr. as reporting persons and discloses shared voting/dispositive authority over the 2,999,951 shares. The lack of sole voting or dispositive power reduces the appearance of a single controlling holder, although combined ownership close to 10% warrants attention from governance watchers. The filing also includes a certification that the shares were not purchased to change control, which is relevant to governance risk assessments.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

WEN Acquisition Corp

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

G9R39C129

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Harraden Circle Investments, 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 2,999,951.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,999,951.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,999,951.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

OO, HC, IA

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Harraden Circle Investors GP, LP

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 2,999,951.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,999,951.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,999,951.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

PN, HC

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Harraden Circle Investors 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 2,999,951.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,999,951.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,999,951.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

OO, HC

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Harraden Circle Investors, LP

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 1,426,207.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,426,207.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,426,207.00

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)

4.75 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Harraden Circle Special Opportunities, LP

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 861,801.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 861,801.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

861,801.00

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)

2.87 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Harraden Circle Strategic Investments, LP

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 618,686.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 618,686.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

618,686.00

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)

2.06 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Frederick V. Fortmiller, Jr.

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,999,951.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,999,951.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,999,951.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

CUSIP No. G9R39C129

1

Names of Reporting Persons

Harraden Circle Concentrated, LP

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 93,257.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 93,257.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

93,257.00

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)

0.31 %

12

Type of Reporting Person (See Instructions)

PN

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, CA 94612
Item 2.
(a)	Name of person filing: This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Harraden Circle Investments, LLC ("Harraden Adviser"); ii) Harraden Circle Investors GP, LP ("Harraden GP"); iii) Harraden Circle Investors GP, LLC ("Harraden LLC"); iv) Harraden Circle Investors, LP ("Harraden Fund"); v) Harraden Circle Special Opportunities, LP ("Harraden Special Op Fund"); vi) Harraden Circle Strategic Investments, LP ("Harraden Strategic Fund"); vii) Frederick V. Fortmiller, Jr. ("Mr. Fortmiller"); and viii) Harraden Circle Concentrated, LP ("Concentrated Fund") This Statement relates to Shares (as defined herein) directly beneficially owned by Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Concentrated Fund. Harraden GP is the general partner to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Concentrated Fund, and Harraden LLC is the general partner of Harraden GP. Harraden Adviser serves as investment manager to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Concentrated Fund and other high net worth individuals. Mr. Fortmiller is the managing member of each of Harraden LLC and Harraden Adviser. In such capacities, each of Harraden GP, Harraden LLC, Harraden Adviser and Mr. Fortmiller may be deemed to indirectly beneficially own the Shares reported herein directly beneficially owned by Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Concentrated Fund.
(b)	Address or principal business office or, if none, residence: 299 Park Avenue, 21st Floor, New York, NY 10171
(c)	Citizenship: Each of Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Concentrated Fund, and Harraden GP is a Delaware limited partnership. Each of Harraden LLC and Harraden Adviser is a Delaware limited liability company. Mr. Fortmiller is a citizen of the United States of America.
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: G9R39C129
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: 2999951
(b)	Percent of class: 9.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2999951
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2999951
Item 5.	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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See disclosure in Item 2 hereof.
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.

Harraden Circle Investments, LLC

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member
Date:	08/14/2025

Harraden Circle Investors GP, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner
Date:	08/14/2025

Harraden Circle Investors GP, LLC

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member
Date:	08/14/2025

Harraden Circle Investors, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

Harraden Circle Special Opportunities, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

Harraden Circle Strategic Investments, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

Frederick V. Fortmiller, Jr.

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr.
Date:	08/14/2025

Harraden Circle Concentrated, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

FAQ

Who filed the Schedule 13G/A reporting ownership in WENNW?

The filing was submitted on behalf of Harraden Circle entities and Frederick V. Fortmiller, Jr.; principal reporting persons include Harraden Circle Investments, LLC, Harraden Circle Investors GP, LP, related funds, and Frederick V. Fortmiller, Jr.

How many WEN Acquisition Corp (WENNW) shares does Harraden Circle report owning?

The Schedule reports 2,999,951 shares beneficially owned in aggregate by the Harraden reporting persons.

What percentage of WENNW does Harraden Circle own according to the filing?

The reported ownership equals 9.99% of the Class A common stock.

Does any reporting person claim sole voting or dispositive power over the reported shares?

No; the filing shows 0 sole voting power and 0 sole dispositive power, with shared voting and shared dispositive power of 2,999,951 shares.

Does the filing indicate intent to influence control of WEN Acquisition Corp?

The certification in the filing states the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing control of the issuer.

What dates and identifiers are included in the Schedule 13G/A?

The document identifies this filing as a Schedule 13G (Amendment No. 1), lists the CUSIP G9R39C129, and notes the date of the triggering event as 06/30/2025 and signature dates of 08/14/2025.