- WinVest Acquisition Corp (NASDAQ: WINV) extends termination date to May 17, 2025.
- Additional $30,000 contribution to trust account aligned with the extension.
- Extension aims to secure more time for completing a business combination.
WinVest Acquisition Corp (NASDAQ: WINV) has announced a one-month extension of its termination date, moving it from April 17, 2025, to May 17, 2025. This extension has been sanctioned by the Board of Directors to afford additional time to finalize an initial business combination.
In correlation with the extension, a deposit of $30,000, equivalent to approximately $0.116 per unredeemed share, will be placed into the trust account. The funds are sourced from an unsecured non-interest-bearing promissory note amounting to $180,000, which was issued to WinVest SPAC LLC, the company's sponsor, on December 16, 2024.
WinVest Acquisition Corp operates as a blank check company, with its primary goal being the effectuation of a merger, share exchange, asset acquisition, stock purchase, reorganization, or a similar business combination with one or more companies. The additional time granted by the extension is intended to enhance the likelihood of successfully completing the intended business combination.
