Quarterly ResultMay 14, 2026, 04:47 PM
WinVest Acquisition Corp. Q1 Net Loss $(166,306); Assets $3.03M
AI Summary
WinVest Acquisition Corp. reported a net loss of $(166,306) for the three months ended March 31, 2026, a significant reduction from $(708,544) in the prior year. The company's total assets decreased to $3.03 million, while total liabilities increased to $12.02 million. WinVest terminated its proposed business combination with Xtribe in 2025 and is now pursuing a business combination with Embed Financial Group Holdings (EFGH), with the termination date extended to September 17, 2026.
Key Highlights
- Net loss for Q1 2026 was $(166,306), a significant reduction from $(708,544) in Q1 2025.
- Total assets as of March 31, 2026, were $3,030,741, down from $3,184,756 at December 31, 2025.
- Total liabilities increased to $12,022,451 as of March 31, 2026, from $11,815,963.
- Cash and marketable securities in the Trust Account decreased to $2,844,967 from $3,087,211.
- WinVest entered into a Business Combination Agreement with EFGH on December 2, 2025.
- Stockholders approved an extension of the business combination termination date to September 17, 2026.
- 14,086 Public Shares were redeemed for $192,276 in connection with the March 2026 extension.
- Outstanding related party extension notes totaled $2,130,000 as of March 31, 2026.