--- schema_version: "secwatch.filing_event.v1" accession: "0001493152-23-021710" form_type: "8-K" ticker: "WINV" cik: "0001854463" company_name: "WinVest Acquisition Corp." filed_at: "2023-06-16T23:59:59+00:00" generated_at: "2026-06-13T23:14:30.580089+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # WinVest SPAC shareholders approve extension, 627,684 shares redeemed, $13.55M remains in trust ## Summary - Stockholders approved extending Termination Date to July 17, 2023, with up to five additional monthly extensions of one month each. - Sponsor issued $390,000 unsecured promissory note, convertible into private warrants at $0.50 per warrant upon a business combination. - Sponsor deposited $65,000 into trust for the first monthly extension; similar deposits required for each subsequent extension. - Holders of 627,684 public shares redeemed at ~$10.71 per share, totaling ~$6.72M; ~$13.55M remains in trust with 1,265,429 public shares outstanding. - Certificate of incorporation amended to remove the $5,000,001 net tangible assets limitation for a business combination. ## SEC filing metadata - accession: 0001493152-23-021710 - form_type: 8-K - ticker: WINV - cik: 0001854463 - company_name: WinVest Acquisition Corp. - filed_at: 2023-06-16T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 2.03, 3.02, 5.03, 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/form8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-23-021710 - JSON: https://secwatch.observer/filing/0001493152-23-021710.json - Plain text: https://secwatch.observer/filing/0001493152-23-021710.txt ## Key facts - Debt Financings WinVest Acquisition Corp. incurred loan of $390,000 with WinVest SPAC LLC at does not bear interest maturing upon the earlier of (a) the closing of a Business Combination and (b) the Company’s liquidation. - Instrument: loan - Principal: $390,000 - Counterparty: WinVest SPAC LLC - Rate: does not bear interest - Maturity: upon the earlier of (a) the closing of a Business Combination and (b) the Company’s liquidation - Event: incurrence source text: the Company issued an unsecured promissory note in the principal amount of $390,000 (the “Note”) to the Sponsor evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - Governance Changes WinVest Acquisition Corp.: Extended termination date from June 17, 2023 to December 17, 2023 with monthly extensions and eliminated net tangible assets limitation (effective 2023-06-16). - Change: charter amendment - Effective: 2023-06-16 source text: amendment (the “Extension Amendment”) to extend the Termination Date from June 17, 2023 (the “Current Termination Date”) to the Charter Extension Date, and to allow the Company, without another stockholder vote, to elect to extend the Termination Date on a monthly basis for up to five times by an additional one month (or such shorter period as may be requested by the Sponsor) 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 December 17, 2023, or a total of up to six months after the Current Termination Date, unless the closing of the Company’s Business Combination shall have occurred prior thereto (the “Extension Amendment Proposal”), and (ii) an amendment (the “Redemption Limitation Amendment”) to eliminate from the Certificate of Incorporation the limitation that the Company may not consummate any Business evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - Material Agreements WinVest Acquisition Corp. entered into Promissory Note with WinVest SPAC LLC valued at $390,000 unsecured promissory note (effective 2023-06-13). - Action: entry - Agreement: credit facility - Counterparty: WinVest SPAC LLC - Value: $390,000 unsecured promissory note - Effective: 2023-06-13 source text: On June 13, 2023, the Company issued an unsecured promissory note in the principal amount of $390,000 (the “Note”) to the Sponsor, pursuant to which the Sponsor agreed to loan to the Company up to $390,000 in connection with the extension of the date (the “Termination Date”) by which the Company must consummate an initial business combination (“Business Combination”). evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - Material Agreements WinVest Acquisition Corp. entered into Trust Agreement Amendment with Continental Stock Transfer and Trust Company valued at Amendment to Investment Management Trust Agreement to extend liquidation date (effective 2023-06-16). - Action: entry - Counterparty: Continental Stock Transfer and Trust Company - Value: Amendment to Investment Management Trust Agreement to extend liquidation date - Effective: 2023-06-16 source text: nd Continental Stock Transfer and Trust Company (“Continental”), to extend the date on which Continental must liquidate the Trust Account (the “Liquidation Date”) from June 17, 2023 to July 17, 2023, and to allow the Company, without another evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - Shareholder Votes WinVest Acquisition Corp. shareholders approved Redemption Limitation Amendment Proposal at the 2023-06-12 meeting. - Outcome: passed - Meeting: 2023-06-12 source text: The Redemption Limitation Amendment Proposal For Against Abstain 4,528,477 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - Shareholder Votes WinVest Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-06-12 meeting. - Outcome: passed - Meeting: 2023-06-12 source text: The Extension Amendment Proposal For Against Abstain 4,528,477 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - Shareholder Votes WinVest Acquisition Corp. shareholders approved Trust Amendment Proposal at the 2023-06-12 meeting. - Outcome: passed - Meeting: 2023-06-12 source text: The Trust Amendment Proposal For Against Abstain 4,528,477 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm - Shareholder Votes WinVest Acquisition Corp. shareholders approved Adjournment Proposal at the 2023-06-12 meeting. - Outcome: passed - Meeting: 2023-06-12 source text: The Adjournment Proposal For Against Abstain 4,526,601 1,876 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.