# WEN Acquisition Corp

WEN Acquisition Corp is an other based in Miami, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Miami, United States
- **Region:** North America
- **Address:** Miami, FL, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** wenacquisitioncorp.com

## Regulatory record

- **Reports private funds:** No

## About

WEN Acquisition Corp formed in 2021 as a special purpose acquisition company domiciled in the Cayman Islands. Chairman and CEO Jorge Ortega, alongside CFO Enrique Klix, led the SPAC through its initial public offering on the Nasdaq in March 2022, where it priced 20 million units at $10 each to raise $200 million in gross proceeds (per SEC filing, 2022). The company's stated mandate focuses on acquiring an operating business in Latin America, with a stated preference for the technology, media, and telecommunications sector alongside consumer and financial services. The geographic lens is notably broad, spanning Mexico, Brazil, Colombia, Argentina, and other regional markets. The trust structure, managed by Continental Stock Transfer & Trust Company, follows the conventional two-year SPAC lifecycle to identify and complete a business combination. As a SPAC, WEN Acquisition Corp operates with a lean structure centered on the sponsor team led by Ortega. The vehicle has no operational portfolio companies and its scale is defined entirely by the cash in trust. The sponsor entity, WEN Sponsor LLC, funded the at-risk capital for the IPO process. The team has not publicly disclosed a specific pipeline or letter of intent since the 2022 listing, operating within the standard post-IPO search phase. The structural differentiator is temporal and mandate-specific: the vehicle is a dedicated Latin American convergence play. While SPAC sponsors often keep broad hunting grounds, WEN's charter specifically encoded the region and sector focus, creating a binary outcome within a defined window. The May 2024 filing shows the trust still intact and searching, underscoring the challenge of finding a target that meets both valuation logic and sponsor conviction within the redemption-heavy SPAC class of 2022.

## People

- Jorge Ortega — Chairman and Chief Executive Officer
- Enrique Klix — Chief Financial Officer

## Questions

### What is WEN Acquisition Corp's target geography and sector focus?

The SPAC targets companies operating primarily in Latin America, including Mexico, Brazil, Colombia, and Argentina. Its sector focus is broad within the technology, media, and telecommunications segment, with a secondary interest in consumer and financial services businesses (per the firm's IPO prospectus, 2022).

### Who are the principals behind the WEN Acquisition Corp sponsor?

Jorge Ortega serves as Chairman and CEO, and Enrique Klix serves as CFO. The sponsor entity is WEN Sponsor LLC. Their bios, disclosed in the S-1 filing, describe extensive experience in cross-border Latin American finance and operating roles (per SEC filing, 2022).

### How do sponsor economics work for WEN Acquisition Corp?

The sponsor, WEN Sponsor LLC, purchased founder shares and private placement warrants on terms standard for the 2022 SPAC cohort, including a nominal purchase price for the initial founder shares and a concurrent private placement investment to fund working capital. The exact promote structure is detailed in the March 2022 S-1 filing, which includes customary anti-dilution provisions and a 20% promote at the time of the de-SPAC business combination (per SEC filing, 2022).

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Last updated: 2026-06-03T20:00:00.000Z

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