WinVest Acquisition draws $55K from sponsor note to extend business combination deadline to June 17, 2024

WinVest Acquisition Corp.

Drew $55,000 sixth and final installment under $330,000 unsecured promissory note from sponsor WinVest SPAC LLC.
Funds deposited into trust account to extend Termination Date from May 17, 2024 to June 17, 2024.
Note bears no interest, matures upon earlier of business combination closing or liquidation.
Repayment limited to funds outside trust if no business combination consummated.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WinVest Acquisition Corp. incurred loan of $55,000 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: $55,000
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

Exact text from the filing

On May 15, 2024, the Company effected the sixth drawdown of $55,000 under the Promissory Note

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

WinVest Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-020027

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.