WinVest Acquisition Corp. (WINV): debt financing — WinVest extends business combination deadline to Jan 17, 2023; secures $750K sponsor note

On December 5, 2022, the Company issued an unsecured promissory note in the principal amount of $750,000 (the “Note”) to the Sponsor, pursuant to which the Sponsor agreed to loan to the Company up to $750,000 in connection with the extension of the date

to extend the Termination Date from December 17, 2022 (the "Original Termination Date") to the Charter Extension Date, and to allow the Company, without another stockholder vote, to elect to extend the Termination Date to consummate a Business Combination on a monthly basis for up to five times by an additional one month each time (each, an "Extension") after the Charter Extension Date, by resolution of the Company's board of directors, if requested by the Sponsor, and upon five days' advance notice prior to the applicable Termination Date, until June 17, 2023, or a total of up to six months after the Original Termination Date, unless the closing of the Company's Business Combination shall have occurred prior thereto

tockholders (the “Extension Meeting”), WinVest SPAC LLC, the Company’s sponsor (the “Sponsor”), agreed that if the Extension Amendment Proposal (as defined below) was approved at the Extension Meeting, it or one or more of its affiliates,