WinVest Acquisition priced its IPO of 10 million units at $10 each.
Units begin trading today on the Nasdaq under WINVU. Each consists of one share, one right and one redeemable warrant. Each right entitles the holder to receive one-fifteenth of a share upon the closing of an initial business combination. Two warrants are exercisable for one share at $11.50. Once the securities begin separate trading, stock, rights and warrants are expected to list under WINV, WINVR and WINVW, respectively.
WinVest plans to target businesses in the financial services industry, with a particular focus on financial media, brokerage, banking, investing, and wealth management.
The offering is expected to close Sept. 17.
Chardan is sole book-running manager. The underwriters have the option to purchase up to an additional 1.5 million units to cover any over-allotments. Read more.
