My Market Wizard

WinVest Acquisition Corp. 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

WinVest Acquisition Corp.

Filing date:

03/14/2025

TLDR:

WinVest Acquisition Corp. executed the fourth drawdown of $30,000 under an unsecured promissory note with WinVest SPAC LLC to extend the Termination Date for its initial business combination.

ELI5:

WinVest Acquisition Corp. borrowed $30,000 to extend the deadline for finding a company to merge with, using money that will eventually go to shareholders if they shut down or choose to cash out during a merger.

Accession #:

0001493152-25-010355

Published on

Analyst Summary

  • WinVest Acquisition Corp. executed the fourth drawdown of $30,000 under the Promissory Note with WinVest SPAC LLC.
  • The drawdown is related to the extension of the Termination Date from March 17, 2025, to April 17, 2025, for completing an initial business combination.
  • The funds will be deposited into the Trust Account and used either for liquidation distributions or redemption of public shares.
  • The Promissory Note does not bear interest and matures upon the earlier of a business combination or the company’s liquidation.
  • The principal of the Promissory Note may be drawn down from time to time in up to six equal amounts of $30,000.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️