WinVest Acquisition Corp. Announces Extension of Termination Date and Additional Contribution to Trust Account to Extend Termination Date
WinVest Acquisition Corp. (OTC: WINV) has announced a one-month extension of its deadline to complete an initial business combination, moving from July 17, 2025, to August 17, 2025. To facilitate this extension, the company will deposit $30,000 (approximately $0.116 per unredeemed share) into its trust account.
The funds will come from a drawdown on a $90,000 unsecured non-interest-bearing promissory note issued to WinVest SPAC LLC on June 16, 2025. This extension provides additional time for the SPAC to identify and complete a suitable business combination.
WinVest Acquisition Corp. (OTC: WINV) ha annunciato un'estensione di un mese del termine per completare una combinazione aziendale iniziale, spostandolo dal 17 luglio 2025 al 17 agosto 2025. Per facilitare questa estensione, la società verserà 30.000 $ (circa 0,116 $ per azione non riscattata) sul suo conto fiduciario.
I fondi proverranno da un prelievo su una nota di debito non garantita e senza interessi di 90.000 $ emessa a WinVest SPAC LLC il 16 giugno 2025. Questa estensione offre più tempo alla SPAC per individuare e completare una combinazione aziendale adeguata.
WinVest Acquisition Corp. (OTC: WINV) ha anunciado una prórroga de un mes para completar una combinación de negocios inicial, moviendo la fecha límite del 17 de julio de 2025 al 17 de agosto de 2025. Para facilitar esta extensión, la empresa depositará 30,000 $ (aproximadamente 0.116 $ por acción no redimida) en su cuenta fiduciaria.
Los fondos provendrán de un desembolso de un pagaré no garantizado y sin intereses de 90,000 $ emitido a WinVest SPAC LLC el 16 de junio de 2025. Esta extensión brinda más tiempo a la SPAC para identificar y completar una combinación de negocios adecuada.
WinVest Acquisition Corp. (OTC: WINV)는 초기 사업 결합 완료 기한을 2025년 7월 17일에서 2025년 8월 17일로 한 달 연장한다고 발표했습니다. 이 연장을 위해 회사는 신탁 계좌에 30,000달러 (미상환 주식 한 주당 약 0.116달러)를 예치할 예정입니다.
자금은 2025년 6월 16일 WinVest SPAC LLC에 발행된 90,000달러 무담보 무이자 약속어음에서 인출됩니다. 이번 연장은 SPAC가 적합한 사업 결합을 찾고 완료할 수 있는 추가 시간을 제공합니다.
WinVest Acquisition Corp. (OTC : WINV) a annoncé une prolongation d'un mois de son délai pour réaliser une première fusion d'entreprise, repoussant la date limite du 17 juillet 2025 au 17 août 2025. Pour faciliter cette extension, la société déposera 30 000 $ (environ 0,116 $ par action non rachetée) sur son compte en fiducie.
Les fonds proviendront d'un tirage sur une lettre de change non garantie et sans intérêt de 90 000 $ émise à WinVest SPAC LLC le 16 juin 2025. Cette prolongation offre plus de temps à la SPAC pour identifier et finaliser une combinaison d'affaires appropriée.
WinVest Acquisition Corp. (OTC: WINV) hat eine einmonatige Verlängerung der Frist zur Durchführung einer ersten Unternehmenszusammenführung angekündigt, die sich vom 17. Juli 2025 auf den 17. August 2025 verschiebt. Zur Ermöglichung dieser Verlängerung wird das Unternehmen 30.000 $ (etwa 0,116 $ pro nicht eingelöster Aktie) auf sein Treuhandkonto einzahlen.
Die Mittel stammen aus der Inanspruchnahme eines 90.000 $ ungesicherten, zinslosen Schuldscheins, der am 16. Juni 2025 an WinVest SPAC LLC ausgestellt wurde. Diese Verlängerung gewährt der SPAC zusätzliche Zeit, um eine geeignete Unternehmenszusammenführung zu finden und abzuschließen.
- Extension provides additional time to complete a business combination
- Additional $30,000 contributed to trust account protects shareholder value
- Company has secured financing through $90,000 promissory note for potential future extensions
- Delay in finding/completing initial business combination
- Additional costs incurred for extension
- Risk of potential liquidation if no deal is completed by new deadline
Cambridge, MA, July 14, 2025 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (OTC: 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 July 17, 2025 to August 17, 2025 (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,
About WinVest Acquisition Corp.
WinVest Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including statements about the successful consummation of the Company’s initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from those contemplated by the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering and other reports filed with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Contact:
WinVest Acquisition Corp.
Manish Jhunjhunwala
(617) 658-3094
FAQ
What is the new termination date for WinVest Acquisition Corp (WINV)?
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