WinVest Acquisition Corp. Announces Extension of Termination Date and Additional Contribution to Trust Account to Extend Termination Date
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.
- Extension of termination date provides additional time to consummate an initial business combination.
- Additional $30,000 contribution to the trust account indicates continued financial support from sponsor.
- The need for an extension suggests possible delays or difficulties in completing the initial business combination within the original timeframe.
Cambridge, MA, July 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 July 17, 2024 to August 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,
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
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FAQ
What is the new termination date for WinVest Acquisition Corp.'s initial business combination?
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What is the significance of WinVest Acquisition Corp. extending the termination date?
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