WinVest Acquisition Corp. Announces Extension of Termination Date and Additional Contribution to Trust Account to Extend Termination Date | WINV Stock News

6 days ago

WinVest Acquisition Corp. (OTC: WINV) extends its termination date for a business combination to August 17, 2025.
The company contributes $30,000 to the trust account to facilitate the extension.
Funds for the extension are sourced from a $90,000 unsecured promissory note to WinVest SPAC LLC.

WinVest Acquisition Corp. (OTC: WINV), a special purpose acquisition company, has announced an extension of its deadline to complete an initial business combination from July 17, 2025, to August 17, 2025. This move is aimed at providing additional time to secure a suitable business combination.

To support this one-month extension, WinVest will deposit $30,000 into its trust account, representing approximately $0.116 per unredeemed share. This contribution is sourced from a second drawdown on a $90,000 unsecured, non-interest-bearing promissory note issued to WinVest SPAC LLC on June 16, 2025.

While shareholders gain additional protective funds in the trust account, WinVest faces challenges in completing a business combination within the new timeframe to avoid potential liquidation. The extension underscores the company's commitment to finding a suitable merger or acquisition partner.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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