Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · WEN Acquisition Corp (WENN)

Wen Acquisition Corp closes $300.15 million IPO of 30,015,000 units

Neutral Impact 4 of 5 financing Written later

Wen Acquisition Corp, a blank check company, closed its initial public offering on May 19, 2025, selling 30,015,000 units at $10.00 each for gross proceeds of $300,150,000, including the full exercise of the underwriters' over-allotment option. The filing says the full $300,150,000 was placed in a U.S.-based trust account, which will not be released until the company completes an initial business combination or redeems public shares if it does not complete one within 24 months of the IPO closing.

Key points

  • 30,015,000 units sold at $10.00 each, including 3,915,000 over-allotment units, for gross proceeds of $300,150,000 (closed May 19, 2025)
  • $300,150,000 placed in trust with Continental Stock Transfer & Trust Company; funds stay in trust until a business combination or a redemption deadline of 24 months from closing
  • Simultaneous private sale of 7,220,000 warrants at $1.00 each, or $7,220,000 total, including 4,610,000 to the sponsor
  • Josh Fried, Sheraz Shere and Drew Glover appointed to the board on May 15, 2025

The filing

CompanyWEN Acquisition Corp (WENN)
Form8-K, current report
Filed with the SECMay 19, 2025, 6:00 PM ET
Accession number0001213900-25-045513

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.