For Q1 FY2026 ended March 31, 2026, WEN Acquisition Corp reported net income of $2,491,809, a significant increase of 5,770% year-over-year. Operating income was a loss of $226,558, worsening from the prior year. The company had cash of $353,152 and negative equity of $13,934,984.
•Net income of $2.49M, up 5,770% YoY.
•Operating loss of $226,558, down 415.6% YoY.
•Cash of $353,152; equity deficit of $13.93M.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Wen Acquisition focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses in the fintech sector. The company was incorporated in 2025 and is based in Oakland, California.
Wen Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), that focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company specifically targets opportunities in the fintech sector, aiming to combine with a business operating in financial technology. As a shell company, Wen Acquisition Corp. does not have its own operations or revenue; its purpose is to identify and acquire a private company, thereby taking it public through the SPAC process. The company was incorporated in 2025 and is based in Oakland, California.
On which exchange is Wen Acquisition Corp. (WENN) listed and what currency is used?
Wen Acquisition Corp. is listed on the Nasdaq Global Market (NasdaqGM) under the ticker symbol WENN. The company trades in U.S. dollars (USD), which is the standard currency for stocks listed on U.S. exchanges. Being listed on Nasdaq provides the company with access to a broad base of institutional and retail investors, as well as increased visibility and liquidity. As a SPAC, the shares and warrants may trade separately, but all transactions are denominated in USD.
What sector and industry does Wen Acquisition Corp. (WENN) belong to?
Wen Acquisition Corp. operates in the Financial Services sector, specifically within the Shell Companies industry. Shell companies are entities that have no active business operations or significant assets; they are formed for the purpose of raising capital through an initial public offering (IPO) to later acquire or merge with an existing private company. In this case, Wen Acquisition Corp. is a SPAC targeting the fintech sector, meaning it intends to combine with a financial technology business. The company's classification as a shell company reflects its pre-acquisition stage, with no operational revenue or products of its own.
Where is Wen Acquisition Corp. (WENN) headquartered and what is its country of incorporation?
Wen Acquisition Corp. is headquartered in Oakland, California, United States. The company was incorporated in 2025 and is domiciled in the United States, with its primary operations centered in Oakland. As a U.S.-based SPAC, it focuses on acquiring businesses within the fintech sector, potentially targeting companies both domestically and internationally. The headquarters location in the San Francisco Bay Area places it near a major hub for technology and financial innovation, which may facilitate deal sourcing and due diligence.
What is the business model of Wen Acquisition Corp. (WENN) and how does it generate value?
Wen Acquisition Corp. operates as a blank check company, meaning its business model is to raise capital through an initial public offering (IPO) and then use those funds to acquire or merge with an existing private company. The company does not generate revenue from operations; instead, its value is derived from the successful completion of a business combination. Once a target is identified and the merger is approved by shareholders, the combined entity becomes a publicly traded company. Wen Acquisition Corp. specifically targets businesses in the fintech sector, aiming to provide them with access to public markets and capital for growth. The company's management team typically has expertise in finance and technology to identify and execute a suitable acquisition.