WinVest Acquisition Registers $100M IPO

IPO

WinVest Acquisition filed to offer 10 million units at $10 each. A unit consists of one share of common stock one right good for one-fifteenth of a share, and one warrant. Two warrants are exercisable for a share at $11.50.

In tandem with an initial business combination, the SPAC also intends to combine with Trefis, owner of www.Trefis.com and of the Trefis Technology, which was founded and is partially owned by members of the sponsor and certain members of the board, including the CEO.

Trefis is a business and financial data analytics and technology company.

WinVest plans to target businesses in the financial services industry, with a particular focus on financial media, brokerage, banking, investing, and wealth management that would be complemented by Trefis Technology.

The new SPAC is led by CEO, CFO and Director Manish Jhunjhunwala, who has been CEO of Trefis since co-founding the company in 2009.

Chardan, the representative of the underwriters, has an option to purchase up to an additional 1.5 million units to cover over-allotments, if any.

The SPAC has applied to list on the Nasdaq under WINVU. Read more.

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