WINV

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

Retrieved on: 
Thursday, February 15, 2024

Cambridge, MA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from February 17, 2024 to March 17, 2024 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.

Key Points: 
  • Cambridge, MA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from February 17, 2024 to March 17, 2024 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • In connection with the extension, $55,000 (representing approximately $0.048 per unredeemed share of common stock issued in the Company’s initial public offering) has been deposited into the trust account established in connection with the Company’s initial public offering pursuant to the Company’s third drawdown upon an unsecured non-interest-bearing promissory note in the aggregate principal amount of $330,000 issued by the Company to WinVest SPAC LLC (the “Sponsor”) on December 13, 2023.

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

Retrieved on: 
Friday, January 12, 2024

Cambridge, MA, Jan. 12, 2024 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from January 17, 2024 to February 17, 2024 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.

Key Points: 
  • Cambridge, MA, Jan. 12, 2024 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from January 17, 2024 to February 17, 2024 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • In connection with the extension, $55,000 (representing approximately $0.048 per unredeemed share of common stock issued in the Company’s initial public offering) will be deposited into the trust account established in connection with the Company’s initial public offering pursuant to the Company’s second drawdown upon an unsecured non-interest-bearing promissory note in the aggregate principal amount of $330,000 issued by the Company to WinVest SPAC LLC (the “Sponsor”) on December 13, 2023.

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

Retrieved on: 
Thursday, December 14, 2023

In connection therewith, on December 13, 2023, the Company issued an unsecured non-interest-bearing promissory note to the Sponsor with a principal amount equal to $330,000.

Key Points: 
  • In connection therewith, on December 13, 2023, the Company issued an unsecured non-interest-bearing promissory note to the Sponsor with a principal amount equal to $330,000.
  • At the special meeting, the Company’s stockholders also voted in favor of a proposal to effect a corresponding amendment to the Investment Management Trust Agreement by and between the Company and Continental Stock Transfer & Trust Co. (the “Trustee”) to extend the date on which the Trustee must liquidate the Trust Account from December 17, 2023 to January 17, 2024, and to allow the Company, without another stockholder vote, to elect to further extend the liquidation date on a monthly basis for up to five times from January 17, 2024 to June 17, 2024.
  • Following the Special Meeting, the Sponsor notified the Company of its request to extend the Termination Date, and on December 13, 2023, the Sponsor deposited into the Trust Account an aggregate of $55,000 (representing approximately $0.048 per share of common stock issued in the Company’s initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete an initial business combination for an additional one (1) month period, from December 17, 2023 to January 17, 2024.
  • The purpose of the extension is to provide time for the Company to complete an initial business combination.

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

Retrieved on: 
Monday, November 13, 2023

The purpose of the extension is to provide additional time for the Company to complete an initial business combination.

Key Points: 
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • In connection with the extension, $65,000 (representing approximately $0.051 per unredeemed share of common stock issued in the Company’s initial public offering) will be deposited into the trust account established in connection with the Company’s initial public offering pursuant to the Company’s sixth drawdown upon an unsecured promissory note in the aggregate principal amount of $390,000 issued by the Company to WinVest SPAC LLC (the “Sponsor”) on June 13, 2023.
  • The promissory note bears no interest and is convertible at the option of the Sponsor upon the consummation of an initial business combination into private warrants to purchase shares of the Company’s common stock at a conversion price of $0.50 per private warrant.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.

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

Retrieved on: 
Friday, October 13, 2023

The purpose of the extension is to provide additional time for the Company to complete an initial business combination.

Key Points: 
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • The promissory note bears no interest and is convertible at the option of the Sponsor upon the consummation of an initial business combination into private warrants to purchase shares of the Company’s common stock at a conversion price of $0.50 per private warrant.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.
  • The Board may elect to further extend the Termination Date on a monthly basis until December 17, 2023, upon the deposit of an additional $65,000 into the trust account per monthly extension.

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

Retrieved on: 
Thursday, September 14, 2023

The purpose of the extension is to provide additional time for the Company to complete an initial business combination.

Key Points: 
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • The promissory note bears no interest and is convertible at the option of the Sponsor upon the consummation of an initial business combination into private warrants to purchase shares of the Company’s common stock at a conversion price of $0.50 per private warrant.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.
  • The Board may elect to further extend the Termination Date on a monthly basis until December 17, 2023, upon the deposit of an additional $65,000 into the trust account per monthly extension.

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

Retrieved on: 
Monday, August 14, 2023

The purpose of the extension is to provide additional time for the Company to complete an initial business combination.

Key Points: 
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • The promissory note bears no interest and is convertible at the option of the Sponsor upon the consummation of an initial business combination into private warrants to purchase shares of the Company’s common stock at a conversion price of $0.50 per private warrant.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.
  • The Board may elect to further extend the Termination Date on a monthly basis until December 17, 2023, upon the deposit of an additional $65,000 into the trust account per monthly extension.

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

Retrieved on: 
Friday, July 14, 2023

The purpose of the extension is to provide additional time for the Company to complete an initial business combination.

Key Points: 
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • The promissory note bears no interest and is convertible at the option of the Sponsor upon the consummation of an initial business combination into private warrants to purchase shares of the Company’s common stock at a conversion price of $0.50 per private warrant.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.
  • The Board may elect to further extend the Termination Date on a monthly basis until December 17, 2023, upon the deposit of an additional $65,000 into the trust account per monthly extension.

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

Retrieved on: 
Friday, June 16, 2023

In connection therewith, on June 13, 2023, the Company issued an unsecured promissory note to the Sponsor with a principal amount equal to $390,000.

Key Points: 
  • In connection therewith, on June 13, 2023, the Company issued an unsecured promissory note to the Sponsor with a principal amount equal to $390,000.
  • The promissory note bears no interest and is convertible at the option of the Sponsor upon the consummation of an initial business combination into private warrants to purchase shares of the Company’s common stock at a price of $0.50 per private warrant.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.
  • The purpose of the extension is to provide time for the Company to complete an initial business combination.

WinVest Acquisition Corp. Announces Extension of Termination Date

Retrieved on: 
Friday, May 12, 2023

Cambridge, MA, May 12, 2023 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from May 17, 2023 to June 17, 2023 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.

Key Points: 
  • Cambridge, MA, May 12, 2023 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from May 17, 2023 to June 17, 2023 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • The promissory note bears no interest and is convertible at the option of the Sponsor upon the consummation of an initial business combination into private warrants to purchase shares of the Company’s common stock at a conversion price of $0.50 per private warrant.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.