Wen Acquisition Corp (NASDAQ: WENN) is a blank check company, or SPAC, incorporated in the Cayman Islands in 2024, with its operational headquarters in Oakland, California. The company was founded to effect a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses, specifically focusing ...Wen Acquisition Corp (NASDAQ: WENN) is a blank check company, or SPAC, incorporated in the Cayman Islands in 2024, with its operational headquarters in Oakland, California. The company was founded to effect a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses, specifically focusing on fintech infrastructure companies that facilitate digital assets, including stablecoins, by integrating blockchain networks deeply within traditional financial systems.
The company conducted its initial public offering (IPO) on May 16, 2025, pricing units at $10.00 each, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. The offering raised approximately $300 million, providing substantial capital for its acquisition strategy. Post-IPO, the company's shares and warrants began trading separately on July 7, 2025, with shares under 'WENN' and warrants under 'WENNW'.
Leadership: Julian M. Sevillano serves as CEO and Chairman, bringing extensive experience in the digital assets industry. Jurgen van de Vyver is the CFO, and Josh Fried serves as Independent Director and Co-Vice Chairman. The company's management aims to leverage their expertise to identify and acquire high-potential fintech businesses.
Financially, WENN has minimal operational revenue, as expected for a SPAC, with operating expenses around $756K and net income boosted by interest income of about $15.27 million. As of the latest data, the company has a market cap of approximately $390 million, a cash per share of $10.36, and a book value per share of $9.88. The company has zero employees, a typical characteristic of SPACs.
Strategically, WENN is positioned to capitalize on the growing intersection of blockchain and traditional finance. Its target sectors include payment infrastructure, stablecoin issuers, digital asset custody, and regulatory technology. The company's goal is to provide capital and strategic support to help these businesses scale.
Risks: As a SPAC, WENN faces risks such as failing to complete a business combination within the required timeframe (usually 18-24 months), which could lead to liquidation. Additionally, the competitive landscape for SPAC deals remains intense.
Overall, Wen Acquisition Corp is a newly formed SPAC with a clear focus on fintech infrastructure, backed by experienced leadership and substantial IPO proceeds, positioned for a strategic acquisition in the evolving digital finance space.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$6.9M
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+3.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-759896
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+46.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
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Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2347.77x
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-29.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
