other material
confidence high
sentiment negative
materiality 0.75
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%.