WinVest Extends Termination Date for Initial Business Combination

Deal News | Jun 18, 2025 | EIN

WinVest Extends Termination Date for Initial Business Combination

WinVest Acquisition Corp., a special purpose acquisition company (SPAC), has successfully gained approval from its stockholders to extend its termination date, initially set for June 17, 2025, by one month to July 17, 2025. The extension, decided through a special stockholders meeting on June 16, 2025, includes provisions for two additional monthly extensions until September 17, 2025, should the Company require further time to consummate an initial business combination. To facilitate the extensions, WinVest's sponsor has committed to depositing $30,000 per month into the trust account, evidenced by a $90,000 promissory note issued by the Company. Additionally, a corresponding extension to the liquidation date of the trust account has been approved. These maneuvers aim to provide WinVest with additional time to execute its business combination plans, though they are not guaranteed and involve standard risks as outlined in the Company's regulatory filings.

Sectors

  • Financial Services
  • Investment Management

Geography

  • United States – The activities of WinVest Acquisition Corp., including the stockholders meeting and subsequent business proceedings, are centered around the United States.

Industry

  • Financial Services – This industry encompasses SPACs, investment vehicles designed to facilitate mergers and acquisitions, which is central to WinVest Acquisition Corp.'s operations.
  • Investment Management – The article involves WinVest's investment management strategies, specifically about SPACs and trust account extensions related to investment holdings.

Financials

  • $30,000 – The monthly contribution by the Sponsor to extend the termination date.
  • $90,000 – The total promissory note issued for up to three months of potential extensions.

Participants

NameRoleTypeDescription
WinVest Acquisition Corp.SPAC seeking a business combinationCompanyA special purpose acquisition company aiming to merge with or acquire another business.
WinVest SPAC LLCSponsor of WinVest Acquisition Corp.CompanySponsor responsible for arranging the extension of the termination date and providing necessary financial backing.
Continental Stock Transfer & Trust Co.Trustee handling liquidation of the Trust AccountCompanyManages the trust account associated with WinVest's business operations.