WinVest Extends Termination Date to Complete Business Combination
Deal News | Jan 14, 2025 | EIN
WinVest Acquisition Corp., a special purpose acquisition company (SPAC), has announced a one-month extension of the termination date for its initial business combination from January 17, 2025, to February 17, 2025. The extension is intended to provide additional time for the company to successfully complete its merger or other similar business combination. In support of this extension, WinVest has deposited an additional $30,000 into its trust account, translating to approximately $0.116 per unredeemed common stock share. This financial action was facilitated through a $180,000 promissory note from WinVest SPAC LLC, the company's sponsor. Such forward-looking actions carry inherent risks and uncertainties, as noted by the company. These developments are part of WinVest's efforts to fulfill its fundamental objective as a blank check company dedicated to facilitating business combinations.
Sectors
- Financial Services
Geography
- United States – WinVest Acquisition Corp. is based in Cambridge, MA, USA, which is relevant as the article discusses activities tied to a U.S. company and its financial strategies.
Industry
- Financial Services – The article discusses a special purpose acquisition company, which is part of the financial services industry, particularly focusing on mergers and acquisitions.
Financials
- $30,000 – The additional contribution to the trust account to facilitate the extension of the termination date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WinVest Acquisition Corp. | Target Company | Company | A special purpose acquisition company focused on mergers or business combinations. |
| WinVest SPAC LLC | Sponsor | Company | The sponsoring company providing financial support to WinVest Acquisition Corp. |