Loan & DebtJun 15, 2026, 02:11 PM
WinVest Acquisition Corp. Draws $30K for SPAC Extension
AI Summary
WinVest Acquisition Corp. announced a third drawdown of $30,000 from an unsecured promissory note with its Sponsor, WinVest SPAC LLC. This funding was deposited into the Trust Account to extend the deadline for consummating an initial business combination from June 17, 2026, to July 17, 2026. The $180,000 promissory note, issued on March 16, 2026, does not bear interest and allows for up to six equal drawdowns of $30,000.
Key Highlights
- WinVest Acquisition Corp. effected a third drawdown of $30,000 under an unsecured promissory note.
- The funds were deposited into the Trust Account to extend the business combination termination date.
- The termination date was extended from June 17, 2026, to July 17, 2026.
- The promissory note, issued on March 16, 2026, is for a principal amount of $180,000.
- The note was issued to WinVest SPAC LLC and does not bear interest.
- It allows for up to six equal drawdowns of $30,000.
- The note matures upon the earlier of a business combination or the company's liquidation.
Price Impact
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