Wen Acquisition, a blank check company focused on the fintech and blockchain industries, filed on Wednesday with the SEC to raise up to $261 million in an initial public offering.
The Oakland, CA-based company plans to raise $261 million by offering 26.1 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Wen Acquisition is led by CEO and Chairman Julian Sevillano, a former Partner and Global lead of McKinsey & Company's digital assets advisory. The SPAC plans to target infrastructure companies in the financial technology sector that are focused on enablement of digital assets, such as stablecoins, through the incorporation and integration of blockchain networks into the traditional financial systems.
Wen Acquisition was founded in 2025 and plans to list on the Nasdaq under the symbol WENNU. The company filed confidentially on February 25, 2025. Cantor Fitzgerald is the sole bookrunner on the deal.
