WinVest Acquisition Corp. Extends Business Combination Deadline To July 17, 2024; Stockholders Approve Option For Five Additional Monthly Extensions With $30K Monthly Deposits By Sponsor; Issues $180K Promissory Note To Sponsor
Portfolio Pulse from Benzinga Newsdesk
WinVest Acquisition Corp. has extended its business combination deadline to July 17, 2024. Stockholders have approved an option for five additional monthly extensions, each requiring a $30K deposit by the sponsor. Additionally, WinVest has issued a $180K promissory note to the sponsor.
June 14, 2024 | 8:05 pm
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WinVest Acquisition Corp. has extended its business combination deadline to July 17, 2024, with stockholders approving an option for five additional monthly extensions requiring $30K deposits by the sponsor. A $180K promissory note has also been issued to the sponsor.
The extension of the business combination deadline and the approval of additional monthly extensions provide WinVest with more time to finalize a business combination, which is generally positive for the stock. The $180K promissory note indicates financial support from the sponsor, further stabilizing the company's position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100