Loan & DebtMay 12, 2026, 03:29 PM
WinVest Acquisition draws $30K to extend business combination deadline
AI Summary
WinVest Acquisition Corp. drew down $30,000 from an unsecured promissory note with its Sponsor, WinVest SPAC LLC. This third drawdown extends the deadline for the company to complete an initial business combination from May 17, 2026, to June 17, 2026. The funds were deposited into the Trust Account and will be distributed to public shareholders upon liquidation or redemption.
Key Highlights
- WinVest Acquisition drew down $30,000 from an unsecured promissory note.
- This is the third drawdown, extending the business combination deadline.
- The deadline is extended from May 17, 2026, to June 17, 2026.
- The original promissory note, issued March 16, 2026, is for up to $180,000.
- The note was issued by WinVest SPAC LLC, the company's Sponsor.
- The funds are deposited into the Trust Account for public shareholders.
Price Impact
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