WinVest Acquisition Corp. Announces Extension Of Termination Date And Additional Contribution To Trust Account To Extend Termination Date To Consummate Initial Business Combination By One Month To Nov 17, 2023
Portfolio Pulse from Benzinga Newsdesk
WinVest Acquisition Corp. (NASDAQ:WINV) has extended the deadline for its initial business combination by one month to November 17, 2023. The extension is to provide additional time for the company to complete the combination. In connection with the extension, $65,000 will be deposited into the trust account established in connection with the company's initial public offering. The board may further extend the termination date on a monthly basis until December 17, 2023, upon the deposit of an additional $65,000 into the trust account per monthly extension.
October 13, 2023 | 8:18 pm
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WinVest Acquisition Corp. has extended the deadline for its initial business combination, depositing an additional $65,000 into the trust account. This could potentially delay returns for investors.
The extension of the deadline for the initial business combination indicates that the company needs more time to finalize the deal. This could potentially delay returns for investors, but also shows the company's commitment to ensuring the deal is completed successfully. The deposit of additional funds into the trust account also provides some security for investors.
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