other_materialconfidence high
West Enclave Merger Corp. completes $100M IPO and $4.25M private placement; trust holds $101M
West Enclave Merger Corp.
- Sold 10M units at $10/unit in IPO on May 1, 2026, gross proceeds $100M.
- Private placement of 425,000 units to Sponsor and EBC raised $4.25M.
- Underwriters fully exercised over-allotment; additional 1.5M units sold for $15M on May 6.
- Audited balance sheet: $101M in trust account, $1.14M cash, total assets $102.2M.
- Units may separate into shares and rights starting May 13, 2026; symbols WENC U, WENC, WENC RT.
item 8.01item 9.01
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