secwatch.observer — SEC 8-K summary
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Issuer:     WinVest Acquisition Corp. (WINV)
CIK:        0001854463
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001493152-24-018577
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WinVest Acquisition Corp. enters into definitive Business Combination Agreement with Xtribe P.L.C.
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- WinVest to issue 9,133,204 shares plus up to 190k more for converted notes and up to 6M earnout shares to Xtribe holders.
- Combined company must have at least $15M cash post-redemptions; requires stockholder approvals, Nasdaq listing, and $5M net tangible assets.
- Termination date is December 17, 2024; closing after June 17, 2024 requires WinVest stockholder extension to June 17, 2024.
- Pre-closing reorganization includes Xtribe PLC contribution of assets to Xtribe Group and subsequent dissolution via UK strike-off.
- Lock-up period of 6 months or until WinVest stock price exceeds $12.50 for 20 of 30 trading days post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854463/000149315224018577/0001493152-24-018577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854463/000149315224018577/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018577

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