WEN Acquisition Corp’s Lock-Up Period Set To Expire on November 12th (NASDAQ:WENNU)

WEN Acquisition’s (NASDAQ:WENNU) lock-up period will end on Wednesday, November 12th. WEN Acquisition had issued 26,100,000 shares in its public offering on May 16th. The total size of the offering was $261,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

WEN Acquisition Price Performance

Shares of WENNU opened at $10.70 on Friday. The firm has a 50-day moving average of $10.54. WEN Acquisition has a 52-week low of $10.26 and a 52-week high of $11.91.

Institutional Investors Weigh In On WEN Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Syquant Capital Sas bought a new position in WEN Acquisition during the 2nd quarter valued at $265,000. Deltec Asset Management LLC acquired a new stake in shares of WEN Acquisition in the second quarter valued at $264,000. Gritstone Asset Management LLC acquired a new stake in shares of WEN Acquisition in the second quarter valued at $1,057,000. Wolverine Asset Management LLC bought a new position in WEN Acquisition during the second quarter valued at about $1,057,000. Finally, Wealthspring Capital LLC acquired a new position in WEN Acquisition during the second quarter worth about $5,285,000.

About WEN Acquisition

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, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.