WEN Acquisition (NASDAQ:WENNU) Trading Down 1.8% – What’s Next?

WEN Acquisition Corp (NASDAQ:WENNU) fell 1.8% on Friday . The company traded as low as $10.29 and last traded at $10.29. 1,600 shares changed hands during trading, a decline of 61% from the average session volume of 4,153 shares. The stock had previously closed at $10.48.

WEN Acquisition Trading Down 1.8%

The stock’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $10.47.

Institutional Investors Weigh In On WEN Acquisition

A number of hedge funds have recently added to or reduced their stakes in the business. Harraden Circle Investments LLC bought a new stake in shares of WEN Acquisition in the 2nd quarter valued at $31,709,000. Mint Tower Capital Management B.V. bought a new stake in WEN Acquisition in the second quarter valued at $3,030,000. Linden Advisors LP acquired a new position in shares of WEN Acquisition during the second quarter valued at about $9,540,000. AQR Arbitrage LLC bought a new position in shares of WEN Acquisition during the 2nd quarter worth about $9,514,000. Finally, Wealthspring Capital LLC bought a new position in shares of WEN Acquisition during the 2nd 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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.