WinVest Acquisition Corp. has drawn down an additional $30,000 under an existing unsecured promissory note with its sponsor, WinVest SPAC LLC, as part of a financing arrangement to extend the deadline for completing a business combination. The promissory note allows for up to $180,000 in total borrowings, with the latest draw facilitating the extension of the company's termination date from October 17, 2025, to November 17, 2025. The note does not bear interest and is repayable upon the closing of a business combination or the company's liquidation, with repayment limited to funds outside of the trust account established during the company's IPO.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WinVest Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-018436), on October 17, 2025, and is solely responsible for the information contained therein.