WinVest Acquisition Corp. Extends Termination Date for Business Combination
Deal News | Mar 13, 2025 | EIN
WinVest Acquisition Corp., a special purpose acquisition company (SPAC), has announced a one-month extension of its deadline to finalize an initial business combination. Originally set for March 17, 2025, the new termination date is April 17, 2025. This extension is in accordance with the company's Amended and Restated Certificate of Incorporation, allowing more time to complete a merger or acquisition. The company will deposit $30,000 into its trust account as part of this extension. This amount corresponds to approximately $0.116 per unredeemed share from the company's initial public offering and is funded via a promissory note amounting to $180,000. This corporate move highlights WinVest's ongoing efforts to fulfill its SPAC objectives despite the inherent risks outlined in its forward-looking statements.
Sectors
- Financial Services
- Investment Banking
Geography
- United States – WinVest Acquisition Corp. is based in Cambridge, MA, and operates within the U.S. financial market framework.
Industry
- Financial Services – The article discusses activities related to a special purpose acquisition company (SPAC), which is part of the financial services industry focused on mergers and acquisitions.
- Investment Banking – WinVest Acquisition Corp is involved in investment banking activities as a SPAC, focusing on facilitating mergers or acquisitions of other businesses.
Financials
- $30,000 – Amount deposited into the trust account for extending the termination date.
- $0.116 per unredeemed share – The per-share contribution to the trust account.
- $180,000 – Aggregate principal amount of the promissory note used to fund the trust account extension.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WinVest Acquisition Corp. | Target | Company | A special purpose acquisition company (SPAC) seeking to complete a business combination. |
| WinVest SPAC LLC | Sponsor | Company | The sponsor entity providing funding for WinVest Acquisition Corp.'s trust account extension. |