WinVest Acquisition said it deposited into trust $55,000 to extend its termination date up to May 17.
This is the fifth drawdown from an unsecured non-interest-bearing promissory note of $330,000 issued by the SPAC to its sponsor in December. At the current drawdown rate, the SPAC can extend one additional month.
WinVest originally raised $115 million in a September 2021 IPO with plans to target businesses in the financial services industry, with a particular focus on financial media, brokerage, banking, investing, and wealth management. Read more.
