WinVest extends SPAC deadline to Jan 2025 (option to June); $2.8M redeemed

WinVest Acquisition Corp.

Stockholders approved charter amendment to extend termination date from Dec 17, 2024 to Jan 17, 2025, with monthly extensions up to June 17, 2025 via $30k deposits.
Sponsor issued $180k unsecured promissory note to fund extensions; first $30k deposited Dec 16, 2024.
Holders of 233,555 Public Shares redeemed at ~$12.00/share, aggregate $2,801,498.23; trust left with ~$3.1M and 258,778 Public Shares outstanding.
Trust agreement also amended to allow trustee to liquidate later correspondingly.
Vote: 3,035,051 in favor, 241 against for each proposal; quorum 90.1%.

item 1.01 item 2.03 item 5.03 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

WinVest Acquisition Corp.: Approved amendment to certificate of incorporation to extend the Termination Date from December 17, 2024 to up to June 17, 2025, with monthly extension options (effective 2024-12-16).

Change: charter amendment
Effective: 2024-12-16

Exact text from the filing

At the Extension Meeting, the Company’s stockholders approved an amendment to the Company’s amended and restated certificate of incorporation, as amended (the “Certificate of Incorporation,” and such amendment, the “Extension Amendment”), to extend the Termination Date from December 17, 2024 (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 June 17, 2025

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24 governance changes filed in the last 30 days. Browse all governance changes →

WinVest Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-050224

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