Welcome to our dedicated page for Winvest Acquisition news (Ticker: WINV), a resource for investors and traders seeking the latest updates and insights on Winvest Acquisition stock.
WinVest Acquisition Corp. (WINV) generates news primarily through its activities as a special purpose acquisition company (SPAC) in the Financial Services sector. Public communications describe WinVest as a blank check company formed to complete a merger, share exchange, asset acquisition, stock or share purchase, reorganization or similar business combination with one or more businesses or entities. As a result, news about WINV often focuses on transaction announcements, shareholder meetings and regulatory milestones related to potential business combinations.
A key news theme for WinVest is its proposed initial business combination with Xtribe P.L.C. and related entities. Press releases outline a definitive business combination agreement that, if completed, is expected to result in a combined company named Xtribe Holdings Limited. Coverage includes details about the transaction structure, approvals by the boards of directors of WinVest and Xtribe, and the expectation that the combined company would be publicly listed on Nasdaq upon closing, subject to conditions.
Another recurring topic in WINV news is the scheduling and postponement of special meetings of stockholders. Company announcements describe special meetings at which stockholders are asked to vote on proposals related to the proposed business combination, along with revised meeting dates and updated deadlines for public stockholders to submit or withdraw redemption requests for their common stock issued in WinVest’s initial public offering.
News items also reference regulatory steps such as the effectiveness of a registration statement on Form F-4 that includes a proxy statement/prospectus for the proposed business combination, and they highlight risk and forward-looking statement disclosures. Investors following WINV news can review these updates to track the progress of the proposed transaction, shareholder voting outcomes and changes to the timing or conditions of the business combination process.
WinVest Acquisition Corp (NASDAQ: WINV) has announced that its Board of Directors has approved a one-month extension of the deadline to complete an initial business combination. The new Termination Date has been moved from January 17, 2025, to February 17, 2025.
In connection with this extension, the company will deposit $30,000 (approximately $0.116 per unredeemed share) into its trust account. This deposit will be funded through a drawdown on an unsecured non-interest-bearing promissory note of $180,000 issued to WinVest SPAC on December 16, 2024.
WinVest Acquisition Corp (NASDAQ: WINV) announced that stockholders approved extending the company's business combination deadline from December 17, 2024, to January 17, 2025. The company can further extend monthly up to June 17, 2025, with board approval and a $30,000 monthly deposit into the trust account by the sponsor. WinVest SPAC , the sponsor, has issued an unsecured promissory note of $180,000 and deposited the first $30,000 extension fee (approximately $0.116 per unredeemed share) into the trust account for the initial one-month extension.
WinVest Acquisition Corp (NASDAQ: WINV) has announced a one-month extension of its deadline to complete an initial business combination, moving from November 17, 2024, to December 17, 2024. The extension was approved by the Board of Directors to provide additional time for completion. In connection with this extension, $30,000 (approximately $0.061 per unredeemed share) will be deposited into the trust account through a drawdown from an existing $180,000 unsecured promissory note issued to WinVest SPAC on June 12, 2024.
WinVest Acquisition Corp. (NASDAQ: WINV) has announced an extension of its termination date from October 17, 2024, to November 17, 2024. This one-month extension, approved by the Board of Directors, aims to provide additional time for the company to complete an initial business combination. In connection with this extension, $30,000 (approximately $0.061 per unredeemed share of common stock from the initial public offering) will be deposited into the trust account. This deposit is part of the fifth drawdown on an unsecured non-interest-bearing promissory note with a principal amount of $180,000, issued by the company to WinVest SPAC on June 12, 2024.
WinVest Acquisition Corp. (NASDAQ: WINV) has announced an extension of its termination date for completing an initial business combination. The Board of Directors has approved a one-month extension from September 17, 2024, to October 17, 2024. To facilitate this extension, the company will deposit $30,000 (approximately $0.061 per unredeemed share) into the trust account established for its initial public offering. This deposit will be made through a drawdown on an unsecured non-interest-bearing promissory note of $180,000 issued to WinVest SPAC , the company's sponsor, on June 12, 2024. The extension aims to provide WinVest Acquisition Corp. with additional time to complete its initial business combination.
WinVest Acquisition Corp. (NASDAQ: WINV) has announced an extension of its termination date for completing an initial business combination. The Board of Directors approved a one-month extension from August 17, 2024, to September 17, 2024. To support this extension, the company will deposit $30,000 (approximately $0.061 per unredeemed share) into its trust account. This deposit is part of a $180,000 unsecured non-interest-bearing promissory note issued to WinVest SPAC on June 12, 2024. The extension aims to provide additional time for WINV to finalize a business combination, which is important for special purpose acquisition companies (SPACs) to fulfill their primary objective.
WinVest Acquisition Corp. (NASDAQ: WINV) announced an extension of its termination date for completing an initial business combination from July 17, 2024, to August 17, 2024. The extension was approved by the board to provide additional time for the business combination. In alignment with this extension, the company will deposit $30,000 into its trust account, representing approximately $0.061 per unredeemed share of common stock issued during its initial public offering. This deposit follows a $180,000 unsecured promissory note issued to WinVest SPAC , the company sponsor, on June 12, 2024.
WinVest Acquisition Corp. (NASDAQ: WINV) announced that its stockholders voted to extend the termination date for completing an initial business combination from June 17, 2024, to July 17, 2024. The company can further extend this deadline by one month up to five times, with a $30,000 deposit into the trust account for each extension. On June 12, 2024, an unsecured promissory note of $180,000 was issued to the Sponsor. The special meeting also approved an amendment to the Investment Management Trust Agreement to align with the new termination dates. This extension aims to provide additional time to complete a business combination.
WinVest Acquisition Corp. (NASDAQ: WINV) has extended its termination date to June 17, 2024, to finalize an initial business combination. The extension includes a $55,000 contribution to the trust account, amounting to $0.048 per unredeemed share of common stock.
Xtribe P.L.C. and WinVest Acquisition Corp. have entered into a definitive business combination agreement to go public on Nasdaq, creating Xtribe Holdings Xtribe is a technology-driven platform facilitating trade between sellers and buyers through advanced technologies like AI and data analytics. The platform aims to empower SMEs by providing easy digital access and building local connections. The Business Combination Agreement values Xtribe at approximately $141 million, with additional earnout shares based on trading price and profitability targets. The Proposed Transaction is expected to close in late 2024, pending shareholder and regulatory approvals.
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