other_material
confidence high
sentiment neutral
materiality 0.65
Wen Acquisition Corp completes $300M IPO, including full over-allotment, and $7.2M private placement
WEN Acquisition Corp
- IPO of 30,015,000 units at $10.00/unit; gross proceeds $300,150,000.
- Underwriters' over-allotment option exercised in full (3,915,000 units).
- Private placement of 7,220,000 warrants at $1.00 each to sponsor and Cantor Fitzgerald, raising $7,220,000.
- Trust account funded with $300,150,000; proceeds held in cash or U.S. government obligations.
- Company has 24 months from IPO to complete an initial business combination.
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