secwatch.observer — SEC 8-K summary
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Issuer:     WinVest Acquisition Corp. (WINV)
CIK:        0001854463
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001493152-23-021710
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WinVest SPAC shareholders approve extension, 627,684 shares redeemed, $13.55M remains in trust
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/0001493152-23-021710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854463/000149315223021710/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021710

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