Wen Acquisition Corp. (WENNU) Prices $261M IPO

Wen Acquisition Corp (NASDAQ:WENNU) announced the pricing of its $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “WENNU”, Friday, May 16, 2025.

The new SPAC aims to combine with a fintech target focused on enabling digital assets through the integration of blockchain networks into traditional financial systems.

Wen Acquisition Corp. is led by Julian M. Sevillano, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Jurgen van de Vyver, its Chief Financial Officer. The Board also includes Josh Fried, Co-Vice Chairman of the Board, Sheraz Shere, Co-Vice Chairman of the Board, and Drew Glover.

Total SPAC deal count for 2025 year-to-date is now 43. This offering is expected to close on Monday, May 19, 2025.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Ellenoff, Grossman & Schole LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.