WEN Acquisition Corp’s (NASDAQ:WENNU) Lock-Up Period Will End on November 12th

WEN Acquisition’s (NASDAQ:WENNU) lock-up period is set to end on Wednesday, November 12th. 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. After the end of WEN Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

WEN Acquisition Price Performance

Shares of NASDAQ WENNU opened at $10.70 on Friday. The firm has a 50-day moving average of $10.55. WEN Acquisition has a fifty-two week low of $10.26 and a fifty-two week high of $11.91.

Institutional Investors Weigh In On WEN Acquisition

Several large investors have recently made changes to their positions in WENNU. Hudson Bay Capital Management LP bought a new position in shares of WEN Acquisition in the second quarter valued at $985,000. Sculptor Capital LP acquired a new stake in WEN Acquisition in the second quarter valued at $4,228,000. Shay Capital LLC bought a new stake in shares of WEN Acquisition in the 2nd quarter valued at about $6,405,000. Radcliffe Capital Management L.P. bought a new stake in shares of WEN Acquisition in the 2nd quarter valued at about $1,402,000. Finally, Linden Advisors LP acquired a new stake in WEN Acquisition in the 2nd quarter valued at about $9,540,000.

WEN Acquisition Company Profile

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.