WinVest Delays Special Meeting to May 30, 2025
Deal News | May 06, 2025 | EIN

WinVest Acquisition Corp., a blank check company based in Cambridge, Massachusetts, has announced the postponement of its special meeting of stockholders from May 15, 2025, to May 30, 2025. This meeting is crucial as it is scheduled for stockholders to vote on proposals related to WinVest's proposed initial business combination involving WinVest (BVI) Ltd. and Xtribe. The delay allows more time to meet all the closing conditions necessary for the business combination, although a sufficient number of stockholders have approved the proposals. Shareholders of the company, which trades under OTC: WINV, now have until May 28, 2025, to submit their shares for redemption. The proposal is pivotal in bringing together WinVest and Xtribe, across entities registered in the British Virgin Islands and England and Wales. The business combination has not seen all closure conditions fulfilled at the time of announcement, hence the delay. The documents filed with the SEC, including the registration and proxy materials, assure compliance and investor protection. The stakeholders and participants involved in the business combination include directors and officers from both companies, with legal engagements detailed for transparency and governance. The current report reaffirms forward-looking statements, addressing typical merger risks such as approval hurdles and integration challenges that lie ahead.
Sectors
- Corporate Finance
- Legal Advisory
Geography
- United States – WinVest Acquisition Corp. is based in Cambridge, Massachusetts, indicating where the main company operates.
- British Virgin Islands – WinVest (BVI) Ltd. and Xtribe (BVI) Ltd. are entities involved in the business combination, registered in the British Virgin Islands.
- United Kingdom – Xtribe P.L.C. is incorporated and registered in England and Wales, indicating where the target company operates.
Industry
- Corporate Finance – The article discusses a business combination involving mergers and acquisitions, highlighting the role of corporate finance in structuring such deals.
- Legal Advisory – The article mentions legal documents and compliance with SEC regulations, indicating the importance of legal advisory in the business combination.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
WinVest Acquisition Corp. | Bidding Company | Company | A blank check company involved in effecting a merger or similar business combination. |
Xtribe P.L.C. | Target Company | Company | A public limited company incorporated and registered in England and Wales, involved in the business combination. |
WinVest (BVI) Ltd. | Bidding Subsidiary | Company | A wholly owned subsidiary of WinVest Acquisition Corp., registered in the British Virgin Islands. |
Xtribe (BVI) Ltd. | Target Subsidiary | Company | A wholly owned subsidiary of Xtribe P.L.C., registered in the British Virgin Islands. |
SEC | Regulatory Body | Government | The Securities and Exchange Commission, involved in the registration and regulation of the business combination. |
Continental Stock Transfer & Trust Company | Transfer Agent | Company | Handles the transfer of stocks and redemption requests for WinVest Acquisition Corp. |