debt
confidence high
sentiment neutral
materiality 0.50
WinVest Acquisition Corp. enters $1M promissory note with Sponsor for working capital
WinVest Acquisition Corp.
- Principal amount up to $1,000,000, no interest; due upon consummation of initial business combination.
- If no business combination, Note repaid only from funds outside trust account; otherwise principal forfeited.
- Drawdowns up to $1M via request; Sponsor funds within 5 business days per draw.
- Proceeds intended for working capital and general corporate purposes.
- Sponsor waives all claims against trust account except for repayment from released proceeds upon business combination.