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Wen Acquisition Priced, Nasdaq: WENNU

Blank check company focused on the fintech and blockchain industries.

Industry: SPAC

Latest Trade: $10.80 +0.08 (+0.7%)

First Day Return: +4.6%

Return from IPO: +7.2%

Industry: SPAC

We are a blank check company incorporated on January 13, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger. We currently intend to concentrate our efforts on infrastructure companies in the fintech 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. We believe that our management team and advisors’ deep expertise in both the fintech and digital asset/blockchain sectors lends itself well to pursuing platforms associated with the fintech space, but we are not required to complete our initial business combination with a business in those industries and, as a result, we may pursue a business combination outside of these industries. We expect to pursue both domestic and global businesses. We will seek to capitalize on the significant financial services, fintech and digital assets experience and contacts of Julian Sevillano, our Chairman of the board of directors and Chief Executive Officer, Sheraz Shere, who will serve as Co-Vice Chairman of the board of directors and Chairman of our Compensation Committee, Josh Fried, who will serve as Co-Vice Chairman of the board of directors, Drew Glover, who will serve as a Non-Executive Board director and Chairman of our Audit Committee, Jurgen van de Vyver, our Chief Financial Officer, and our advisors, Ryan Gilbert and Shami Patel, to identify, evaluate and acquire a fintech business in, among others, the digital asset/blockchain industry.
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IPO Data
IPO File Date 04/30/2025
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 26.1
Deal Size ($mm) $261
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/15/2025
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 26.1
Deal Size ($mm) $261
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Company Data
Headquarters Oakland, CA, United States
Founded 2025
Employees at IPO 2

Wen Acquisition (WENNU) Performance