WENC West Enclave Merger Corp.

NEUTRAL Impact: 4/10 8-K
Horizon months Filed May 4, 2026 Processed 1mo ago SEC 0001193125-26-204103
Killer combo: Material agreement + unregistered equity (likely PIPE/convertible)
Latest settled — T+20d
WENC-UN ▲ +0.88% at T+20d
NEUTRAL call ✓ call won +0.88% · α vs SPY -4.08% · entry $10.01 → $10.10
Next anchor: T+60d in 6w
Last close $9.92 (close Jun 12) · -0.90% from $10.01 entry
Entry anchored
May 4, 2026
via day open
T+1d
0.00%
call 0.00% · α -1.38%
$10.01
settled 6w ago
T+5d
-0.10%
call -0.10% · α -2.08%
$10.00
settled 5w ago
T+20d
+0.88%
call +0.88% · α -4.08%
$10.10
settled 13d ago
T+60d
—
call — · α —
—
in 6w

Price Chart

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Executive Summary

West Enclave Merger Corp. closed its IPO of 10,000,000 units at $10.00 per unit, with $101 million deposited into a trust account. The SPAC has 21 months to complete a business combination. This is a routine SPAC IPO filing with no material surprises.

Key Financial Metrics

Offering Size
$100.0M

Actionable Insight

Monitor for target business announcements and any amendments to the trust agreement. The 21-month deadline for a business combination creates a near-term catalyst focus.

Key Facts

  • Closed IPO of 10,000,000 units at $10.00 per unit
  • Gross proceeds of $100 million from public offering, with $101 million deposited into trust account
  • Underwriters have 45-day over-allotment option for up to 1,500,000 additional units
  • Sponsor and designees purchased 425,000 private units at $10.00 each
  • Company has 21 months from closing to complete an initial business combination
  • Founder shares and private units subject to lock-up and transfer restrictions

Financial Impact

Gross proceeds of $100 million from IPO, plus $4.25 million from private placement, with $101 million held in trust

cashshares outstanding

Risk Factors

  • Failure to complete a business combination within 21 months would result in liquidation
  • Dilution from future issuances of equity-linked securities
  • Reliance on sponsor and management to identify and execute a suitable acquisition

Market Snapshot

Exchange
NYSE
Sector
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Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-204103
Document: d123695dex11.htm0001193125-26-204103
Document: d123695dex103.htm0001193125-26-204103
4 reports for WENC
Performance horizon
Filters
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Reports for WENC — sortable, filterable
Type Now
May 4, 2026
5w ago
8-K
NEUTRAL ★ 4/10
$10.01 $10.10▲ +0.88%▼ −4.08%$9.92 (−0.90%)
Apr 30, 2026
6w ago
424B4
NEUTRAL ★ 4/10
—awaiting T+20——
Apr 20, 2026
7w ago
S-1/A
NEUTRAL ★ 3/10
—awaiting T+20——
Mar 20, 2026
12w ago
S-1/A
NEUTRAL ★ 3/10
—awaiting T+20——
Showing 4 of 4

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