WinVest Extends Business Combination Deadline With $30,000 Trust Contribution
Deal News | Apr 14, 2025 | EIN
WinVest Acquisition Corp., a special purpose acquisition company (SPAC), has announced a one-month extension of its termination date, giving the company additional time to finalize its initial business combination. Originally set for April 17, 2025, the term is now extended to May 17, 2025. This extension is facilitated through a $30,000 contribution to the company's trust account, calculated at approximately $0.116 per unredeemed share of common stock. This deposit is part of a larger $180,000 promissory note issued by WinVest SPAC LLC, the company's sponsor. WinVest Acquisition Corp. was formed with the objective of merging or acquiring businesses via a variety of methods, including mergers, shares exchange, or asset acquisition. The company has issued forward-looking statements indicating risks and uncertainties around the completion of its business combination, emphasizing regulatory filings with the SEC as a source for risk factors.
Sectors
- Finance
- Mergers and Acquisitions
Geography
- United States – The activities of WinVest Acquisition Corp. as described in the article take place in the United States, where it is incorporated and operates.
Industry
- Finance – WinVest Acquisition Corp. operates within the finance sector as a special purpose acquisition company (SPAC), which is a crucial part of financial markets facilitating mergers and acquisitions.
- Mergers and Acquisitions – The article involves the extension of a termination date for a SPAC's business combination, highlighting activities within the mergers and acquisitions industry.
Financials
- $30,000 – The amount contributed to the trust account to extend the termination date for the SPAC's business combination.
- $180,000 – The aggregate principal amount of the promissory note issued by the sponsor, of which $30,000 was used for the trust account extension.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WinVest Acquisition Corp. | SPAC | Company | A special purpose acquisition company focused on merging with or acquiring other businesses. |
| WinVest SPAC LLC | Sponsor | Company | The sponsor company for WinVest Acquisition Corp., providing financial backing through a promissory note. |