Wen Acquisition Corp (WENNW) Warrant
Each WENNW warrant gives the holder the right to buy 1 share of Wen Acquisition Corp at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.42, below the strike, so the warrant is out of the money. Wen Acquisition Corp has a market value of about $390.95M. Wen Acquisition Corp is a SPAC (no deal announced yet). It must complete a deal by May 19, 2027 or the warrants expire worthless. There are 15.01M listed warrants; exercising all of them would add 40.0% to the 37.52M shares outstanding.
WENN vs strike, last 12 months
No share-price history for WENN yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.74
From the issuer's 8-K (2025-05-20).
Company and stock
- Company
- Wen Acquisition Corp
- Underlying stock
- WENN
- Share price
- $10.42
- Market cap
- $390.95M
- Shares outstanding
- 37.52M
- Value of all listed warrants
- $3.60M (0.9% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2400
- Price / model
Get Pro to see whether WENNW is cheap or rich against our model.
Dilution
- Shares outstanding
- 37.52M
- Listed warrants
- 15.01M
- Dilution if all exercised
- 40.0%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-05-19
- Latest possible deadline
- —
- Trust per share
- $10.44
- Sponsor
- Wen Sponsor LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about WENNW
When does the WENNW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of WENNW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many WENNW warrants are outstanding?
15.01M listed warrants, equal to 40.0% dilution if all are exercised.