Wen Acquisition Corp closes $300.15 million IPO of 30,015,000 units
Wen Acquisition Corp, a blank check company, closed its initial public offering on May 19, 2025, selling 30,015,000 units at $10.00 per unit for $300.15 million, including units from the full exercise of the underwriters' over-allotment option. The $300.15 million was placed in a U.S.-based trust account, and the company has not yet selected a business combination target. Shareholders' public shares are redeemable from the trust if the company does not complete a business combination within 24 months of the IPO closing.
Key points
- IPO closed May 19, 2025: 30,015,000 units at $10.00 each, including 3,915,000 units from the full over-allotment exercise.
- Each unit includes one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share.
- Private placement of 7,220,000 warrants at $1.00 each raised $7.22 million; sponsor Wen Sponsor LLC bought 4,610,000 and Cantor Fitzgerald & Co. bought 2,610,000.
- Balance sheet as of May 19, 2025 shows cash of $1,239,820 and $300,150,000 held in the Trust Account, with Continental Stock Transfer & Trust Company as trustee.
The filing
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 23, 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.