WinVest Acquisition announced that its Board of Directors 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, 2024 to June 17, 2024, 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 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 non-interest-bearing promissory note in the aggregate principal amount of $330,000 issued by the Company to WinVest SPAC on December 13, 2023.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WINV:
- Xtribe, Technology-driven Geolocation-based Commerce Platform, to Go Public on Nasdaq through Proposed Business Combination with WinVest Acquisition Corp. (NASDAQ: WINV)
- Barrie Zesiger Resigns from WinVest Corp Board
- WinVest Corp Extends Initial Business Combination Deadline
- WinVest Acquisition Corp. Announces Extension of Termination Date and Additional Contribution to Trust Account to Extend Termination Date
- Winvest Acquisition Corp trading resumes