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Loan & DebtApr 15, 2026, 11:56 AM

WinVest draws $30,000 to extend business combination deadline

AI Summary

WinVest Acquisition Corp. announced a second drawdown of $30,000 from an unsecured promissory note with its sponsor, WinVest SPAC LLC. This action, taken on April 10, 2026, extends the deadline for the company to complete an initial business combination from April 17, 2026, to May 17, 2026. The promissory note, totaling $180,000, does not bear interest and is repayable only from amounts outside the trust account if a business combination is not consummated.

Key Highlights

  • WinVest Acquisition Corp. drew down $30,000 from a promissory note.
  • This is the second drawdown from the $180,000 unsecured promissory note.
  • The funds extend the business combination deadline from April 17, 2026, to May 17, 2026.
  • The promissory note is with WinVest SPAC LLC and does not bear interest.