WEN Acquisition Corp’s Quiet Period To Expire on June 25th (NASDAQ:WENNU)

WEN Acquisition’s (NASDAQ:WENNU) quiet period is set to expire on Wednesday, June 25th. WEN Acquisition had issued 26,100,000 shares in its IPO on May 16th. The total size of the offering was $261,000,000 based on an initial share price of $10.00. During WEN Acquisition’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised WEN Acquisition to a “hold” rating in a report on Sunday, May 25th.

WEN Acquisition Price Performance

Shares of NASDAQ WENNU opened at $10.87 on Friday. WEN Acquisition has a 52 week low of $10.31 and a 52 week high of $10.89.

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.